THE KING'S WINGS 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

Formation Year

1998

Legal Domicile

Principal Officer

TIMOTHY J EATON

Phone

5617452917

Tax Period

2023-01-01 to 2023-12-31

THE KING'S WINGS INC, founded in 1998, is a micro nonprofit in the Religion sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 86% operating deficit.

Mission

TO PROVIDE FLIGHT SERVICES TO VARIOUS MINISTRY ORGANIZATIONS, INCLUDING THE TRANSPORTATION OF MINISTRY PERSONNEL AND SUPPLIES.

Program Service Accomplishments

Program 1

Expenses: $83,519 Revenue: $47,160

THE ORGANIZATION PROVIDED FLIGHT SERVICES TO NUMEROUS MINISTRY ORGANIZATIONS, INCLUDING THE TRANSPORTATION OF VOLUNTEER PERSONNEL AND THEIR SUPPLIES. THE ORGANIZATION PROVIDED FLIGHTS WITHIN THE...

THE ORGANIZATION PROVIDED FLIGHT SERVICES TO NUMEROUS MINISTRY ORGANIZATIONS, INCLUDING THE TRANSPORTATION OF VOLUNTEER PERSONNEL AND THEIR SUPPLIES. THE ORGANIZATION PROVIDED FLIGHTS WITHIN THE UNITED STATES AND THE CARRIBEAN.

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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 $44,160

Program Service Revenue $0

Investment Income $3,000

Other Revenue $0

TOTAL REVENUE $47,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,586

Fundraising Expenses $0

Program Expenses $83,519

Other Expenses $72,344

TOTAL EXPENSES $87,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,160	$81,811	-0.4%
Expenses	$87,930	$180,121	-0.5%
Net Income	$-40,770	$-98,310	-0.6%

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

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
NONE	N/A	N/A		$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	$47,160	$87,930	$28,258	$-40,770
2022	$81,811	$180,121	$68,331	$-98,310
2021	$200,763	$174,796	$171,479	$25,967
2019	$336,857	$235,343	$185,436	$101,514