Air Serv International Inc

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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

Tax Period

2023-01-01 to 2023-12-31

Air Serv International Inc is a small nonprofit in the International Affairs sector that reported $798K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 181% operating deficit.

Mission

To provide Last Mile air transportation services in support of humanitarian programs and disaster relief organizations while facilitating the growth of civil aviation in developing nations.

Program Service Accomplishments

Program 1

Expenses: $1,679,888

Air Serv International leases aircraft to its operating subsidiary Air Serv LTD which provides humanitarian air transportation to Doctors without Borders in the Democratic Republic of the Congo and the United Nations World Food Program in South Sudan and to various other agencies in Uganda

Program 2

Air Server International provides alternative and independent flight services to nongovernmental organizations operating in the Democratic Republic of Congo and South Sudan regions

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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 $0

Program Service Revenue $659,260

Investment Income $0

Other Revenue $138,423

TOTAL REVENUE $797,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $512,669

Fundraising Expenses $2,859

Program Expenses $1,679,888

Other Expenses $1,728,909

TOTAL EXPENSES $2,241,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,683	$1,681,422	-0.5%
Expenses	$2,241,578	$1,948,963	+0.2%
Net Income	$-1,443,895	$-267,541	+4.4%

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

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

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stuart Willcuts	President & CEO	40.00	Director	$130,000	$0	$130,000
Fred Gregory	Chairman	2.00	Director	$0	$0	$0
Roger Franklin	Treasurer	2.00	Director	$0	$0	$0
Susan MacGregor	Director	2.00	Director	$0	$0	$0
Michael Chapman	Director	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	$797,683	$2,241,578	$5,838,957	$-1,443,895
2022	$1,681,422	$1,948,963	$6,636,244	$-267,541
2021	$2,257,482	$1,707,866	$6,803,077	$549,616
2020	$1,436,677	$1,703,070	$6,142,368	$-266,393
2019	$1,887,671	$1,355,161	$8,381,841	$532,510
2018	$2,076,771	$1,514,644	$8,094,545	$562,127