LIVING EAGLE ORGANIZATION (EIN 824973959) - 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

2018

Legal Domicile

Principal Officer

MICHAEL KARNOWSKI

Phone

8104177393

Tax Period

2024-01-01 to 2024-12-31

LIVING EAGLE ORGANIZATION, founded in 2018, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 307% operating deficit.

Mission

PROVIDE FINANCIAL, EDUCATIONAL AND TECHNICAL ASSISTANCE TO PROSPECTIVE AND CURRENT PILOTS AND CHARITABLE ORGS WHO PROMOTE THE ADVANCED TRAINING OF PILOTS. INCLUDES MAKING PROVISIONS FOR THE TRAINING AND EDUCATION OF PILOTS AND TO RECEIVE AND ADMINISTER FUNDS FOR THESE PURPOSES.

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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 $26,900

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,900

Expense Breakdown

Grants Paid $67,798

Salaries & Benefits $23,077

Fundraising Expenses $0

Program Expenses $67,798

Other Expenses $18,667

TOTAL EXPENSES $109,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,900	$506,684	-0.9%
Expenses	$109,542	$236,930	-0.5%
Net Income	$-82,642	$269,754	-1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TIMOTHY KNECHT	DIRECTOR	Director	$0	$0	$0
JOSEPH MITCHELL	DIRECTOR	Director	$0	$0	$0
MICHAEL KARNOWSKI	DIRECTOR	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	$26,900	$109,542	$293,443	$-82,642
2023	$506,684	$236,930	$386,084	$269,754

LIVING EAGLE ORGANIZATION