Agape Flights Inc (EIN 592057436) - 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

1981

Legal Domicile

Principal Officer

Allen Speer

Phone

9414880990

Tax Period

2023-01-01 to 2023-12-31

Agape Flights Inc, founded in 1981, is a community nonprofit in the International Affairs sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $2.1M left a modest 12% surplus.

Mission

A CHRISTIAN AVIATION MINISTRY TRANSPORTING CONTINOUS AND CRITICAL SUPPLIES TO SUPPORT MISSIONARIES, THEIR FAMILIES AND THEIR UNIQUE MISSIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,803,397

Program Service Revenue $480,181

Investment Income $74,366

Other Revenue $0

TOTAL REVENUE $2,357,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $883,223

Fundraising Expenses $200,958

Program Expenses $1,635,290

Other Expenses $1,201,925

TOTAL EXPENSES $2,085,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,357,944	$3,231,264	-0.3%
Expenses	$2,085,148	$1,790,644	+0.2%
Net Income	$272,796	$1,440,620	-0.8%

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

Volunteers

110

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

$153,614

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allen Speer	CEO	40.00	Officer	$153,614	$0	$153,614
Adrienne Mccutcheon	Chair	2.00	Officer Director	$0	$0	$0
Charles Thompson	Treasurer	2.00	Officer Director	$0	$0	$0
David Yohn	Vice Chair	2.00	Officer Director	$0	$0	$0
Rebecca McQuillen	Secretary	2.00	Officer Director	$0	$0	$0
Ed Loomis	Board Member	2.00	Director	$0	$0	$0
Kyle Henson	Board Member	5.00	Director	$0	$0	$0
Craig Faulkner	Board Member	2.00	Director	$0	$0	$0
Bradley Hume	Board Member	2.00	Director	$0	$0	$0
Jim Whitney	Board Member	2.00	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
2024	No data	No data	No data	No data
2023	$2,357,944	$2,085,148	$5,839,807	$272,796
2022	$3,322,449	$1,890,760	$5,384,969	$1,431,689
2021	$2,694,837	$2,217,269	$4,213,051	$477,568
2020	$3,251,610	$3,215,854	$3,253,608	$35,756
2019	$3,546,517	$3,168,204	$3,115,454	$378,313
2018	$1,368,560	$1,249,327	$2,793,376	$119,233

Agape Flights Inc