Flight Nine Academy (EIN 814213776) - 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

2016

Legal Domicile

Phone

3105595200

Tax Period

2024-01-01 to 2024-12-31

Flight Nine Academy, founded in 2016, is a small nonprofit in the Youth Development sector that reported $246K in total revenue in fiscal year 2024. Revenue surged 214% from the prior year, signaling strong growth momentum.

Mission

HBCU Heroes exists to expand educational and career opportunities for students and recent graduates of Historically Black Colleges and Universities (HBCUs) by providing career readiness training, mentorship, professional development, and scholarship support.

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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 $73,505

Program Service Revenue $172,537

Investment Income $0

Other Revenue $0

TOTAL REVENUE $246,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,865

Other Expenses $246,426

TOTAL EXPENSES $246,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,042	$78,412	+2.1%
Expenses	$246,426	$62,506	+2.9%
Net Income	$-384	$15,906	-1.0%

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

$16,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Tracey Pennywell	President	Officer	$16,150	$0	$16,150
George Lynch	Board Member	Director	$0	$0	$0
Ricky Dudley	Board Member	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	$246,042	$246,426	$2,625	$-384
2022	$235,851	$256,079	$19,696	$-20,228
2021	$377,696	$340,815	$39,923	$36,881

Flight Nine Academy