FLYTE INC (EIN 842152342) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Alexander Bigbie

Phone

5043254880

Tax Period

2024-01-01 to 2024-12-31

FLYTE INC, founded in 2020, is a small nonprofit in the Education sector that reported $670K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $377K, a strong 56% operating margin.

Mission

Flyte is a New Orleans based 501(c) 3 non-profit organization that creates and manages financial education focused programs for vulnerable populations around Southeast Louisiana.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $548,495

Program Service Revenue $121,725

Investment Income $0

Other Revenue $0

TOTAL REVENUE $670,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,344

Fundraising Expenses $0

Program Expenses $250,012

Other Expenses $189,548

TOTAL EXPENSES $292,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,220	$275,459	+1.4%
Expenses	$292,892	$211,042	+0.4%
Net Income	$377,328	$64,417	+4.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

$96,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bernard H Robertson	President	0.25	Officer Director	$0	$0	$0
Talana Anderson	Treasurer	0.25	Officer Director	$0	$0	$0
Thomas Slattery	Secretary	0.25	Officer Director	$0	$0	$0
Phoebe Brown	Member	0.25	Director	$0	$0	$0
Tiffany Harvill	Member	0.25	Director	$0	$0	$0
Alexander Bigbie	Executive Director	40.00	Key Emp	$96,000	$0	$96,000

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	$670,220	$292,892	$461,864	$377,328
2023	$275,459	$211,042	$132,105	$64,417

FLYTE INC