HARVEST AVIATION 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

2001

Legal Domicile

Principal Officer

MICHAEL BURCH

Phone

8637810592

Tax Period

2024-01-01 to 2024-12-31

HARVEST AVIATION INC, founded in 2001, is a small nonprofit in the Religion sector that reported $260K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO GLORIFY JESUS CHRIST THROUGH AVIATION.

Program Service Accomplishments

Program 1

Expenses: $333,737 Revenue: $15,854

HARVEST AVIATION, INC. PROVIDED STRATEGIC AND LOGISTICAL SUPPORT TO TRANSPORT CARGO TO MISSIONARIES IN CARIBBEAN COUNTRIES UTILIZING THE AVIATION SERVICE OF AMERIJET INTERNATIONAL AIRLINES, INC...

HARVEST AVIATION, INC. PROVIDED STRATEGIC AND LOGISTICAL SUPPORT TO TRANSPORT CARGO TO MISSIONARIES IN CARIBBEAN COUNTRIES UTILIZING THE AVIATION SERVICE OF AMERIJET INTERNATIONAL AIRLINES, INC. DURING 2021, THE MISSIONARIES IN BELIZE WERE THE PRIMARY GROUP SERVICED BY HARVEST AVIATION, INC. UTILIZING THE AVIATION SERVICE OF AMERIJET INTERNATIONAL AIRLINES, INC. AS MEASURED BY EXPENSES, THIS AFORE MENTIONED PROGRAM IS THE LARGEST SINGLE PROGRAM SERVICE PERFORMED BY HARVEST AVIATION, INC. FOR THE YEAR. THE SECOND LARGEST SERVICE PERFORMED BY HARVEST AVIATION, INC. CENTERED AROUND REGULAR MAINTENANCE, REPAIRS AND ANNUAL INSPECTIONS ON AIRCRAFT. THE THIRD LARGEST SERVICE PROGRAM WAS TRAINING FOR PILOTS AND AIRCRAFT MECHANICS. ALL OF THIS WAS ACCOMPLISHED IN ACCORDANCE WITH THE ORGANIZATION'S MISSION TO "GLORIFY JESUS CHRIST THROUGH AVIATION RELATED MINISTRY."

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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 $250,326

Program Service Revenue $15,854

Investment Income $-7,997

Other Revenue $1,563

TOTAL REVENUE $259,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,420

Fundraising Expenses $0

Program Expenses $333,737

Other Expenses $195,527

TOTAL EXPENSES $377,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,746	$585,636	-0.6%
Expenses	$377,947	$283,026	+0.3%
Net Income	$-118,201	$302,610	-1.4%

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

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

$33,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BURCH	DIRECTOR	5.00	Officer	$0	$0	$0
JIM MARSH	DIRECTOR	5.00	Officer	$0	$0	$0
MICHAEL WILKINSON	DIRECTOR	0.50	Officer	$0	$0	$0
JEFF KINTZINGER	DIRECTOR	0.50	Officer	$0	$0	$0
RANDALL HAND	DIRECTOR	0.50	Officer	$0	$0	$0
BRIAN SMITH	EXECUTIVE DI	25.00	Officer	$33,850	$0	$33,850

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	$259,746	$377,947	$655,097	$-118,201
2023	$585,636	$283,026	$778,344	$302,610
2022	$447,331	$287,132	$469,850	$160,199
2021	$583,783	$526,272	$312,472	$57,511
2020	$496,872	$376,344	$246,101	$120,528
2019	$299,644	$234,506	$121,932	$65,138
2018	$178,124	$129,958	$81,143	$48,166