FREEDOM HONOR FLIGHT INC (EIN 800160577) - 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

2008

Legal Domicile

Principal Officer

MIKE WEISSENBERGER

Phone

6087841015

Tax Period

2023-01-01 to 2023-12-31

FREEDOM HONOR FLIGHT INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $224K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $341K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE MISSION OF FREEDOM HONOR FLIGHT, INC. IS TO PROVIDE REGIONAL VETERANS WITH A FREE FLIGHT TO WASHINGTON D.C. TO VISIT THE WAR MEMORIALS ERECTED IN THEIR HONOR, AND TO PROVIDE PHYSICAL ASSISTANCE TO THOSE WITH SPECIAL NEEDS.

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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 $216,557

Program Service Revenue $0

Investment Income $2,466

Other Revenue $4,571

TOTAL REVENUE $223,594

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,451

Other Expenses $340,451

TOTAL EXPENSES $341,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,594	$353,828	-0.4%
Expenses	$341,451	$336,678	+0.0%
Net Income	$-117,857	$17,150	-7.9%

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

100

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
RYAN CLARK	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVE ERICKSON	DIRECTOR	0.50	Director	$0	$0	$0
FRANK GILLETTE	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK HANSON	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL HIGGINS	DIRECTOR	0.50	Director	$0	$0	$0
BILL HOEL	DIRECTOR	0.50	Director	$0	$0	$0
TOM HUNDT	DIRECTOR	0.50	Director	$0	$0	$0
KATHY VAN KIRK-PRZYWOJSKI	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN KUCHAR	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
DAVID LARSEN	PAST PRESIDE	0.50	Officer Director	$0	$0	$0
TESS LARSON	DIRECTOR	0.50	Director	$0	$0	$0
PATTI LOKKEN	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN PERSHING	DIRECTOR	0.50	Director	$0	$0	$0
JEFF SCHROEDER	DIRECTOR	0.50	Director	$0	$0	$0
RANDY EDDY SR	DIRECTOR	0.50	Director	$0	$0	$0
PAT STEPHENS	DIRECTOR	0.50	Director	$0	$0	$0
ADAM WEISSENBERGER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE WEISSENBERGER	TREASURER	2.00	Officer 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	$223,594	$341,451	$470,214	$-117,857
2022	$353,828	$336,678	$588,071	$17,150
2021	$193,792	$177,031	$570,921	$16,761
2020	$113,937	$19,535	$554,160	$94,402
2019	$235,105	$222,536	$459,758	$12,569
2018	$231,889	$283,340	$447,189	$-51,451

FREEDOM HONOR FLIGHT INC