WINGS OVER MEMPHIS INC (EIN 474689596) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

PAUL J GAGLIANO

Phone

9019492596

Tax Period

2024-01-01 to 2024-12-31

WINGS OVER MEMPHIS INC, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $19K in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 28% operating margin.

Mission

THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. IT IS OUR MISSION TO RAISE FUNDS AND MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS 501(C)(3) ORGANIZATIONS AND THAT WORK AS CHARITIES FOR OUR LOCAL AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,240

Program Service Revenue $0

Investment Income $18

Other Revenue $-7,602

TOTAL REVENUE $18,656

Expense Breakdown

Grants Paid $6,563

Salaries & Benefits $0

Fundraising Expenses $72

Program Expenses $10,300

Other Expenses $6,934

TOTAL EXPENSES $13,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,656	$8,684	+1.1%
Expenses	$13,497	$6,586	+1.0%
Net Income	$5,159	$2,098	+1.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT CLAYTON	DIRECTOR	N/A	Director	$0	$0	$0
PAUL J GAGLIANO	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOSEPH P HAGAN	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
WAYNE LOHMAN	DIRECTOR	N/A	Director	$0	$0	$0
ANIR PATEL	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS SUMNER	DIRECTOR	N/A	Director	$0	$0	$0
GIBBY THOMAS	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$18,656	$13,497	$8,119	$5,159
2023	$8,684	$6,586	$4,016	$2,098
2022	$2,570	$1,495	$2,208	$1,075
2021	$-10,609	$33,209	$1,133	$-43,818
2019	$151,789	$186,586	$8,699	$-34,797
2018	$191,971	$199,877	$46,547	$-7,906

WINGS OVER MEMPHIS INC