Dream Flight Charities 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

2021

Legal Domicile

Principal Officer

Drew Underwood

Phone

2708495765

Tax Period

2023-01-01 to 2023-12-31

Dream Flight Charities Inc, founded in 2021, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 19% operating margin.

Mission

Our mission is to remove barriers to aviation, primarily by enabling students to experience aviation first-hand, and promoting equity and diversity at all levels of the aviation and aerospace industry.

Program Service Accomplishments

Program 1

Expenses: $34,098

Encourage and enable students to experience aviation first-hand by providing discovery flights and by providing scholarships for flight training.

Program 2

Expenses: $1,750

Participate in Ukraine war relief efforts by collecting contributions and sending them to those providing relief in or near Ukraine.

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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 $43,223

Program Service Revenue $0

Investment Income $0

Other Revenue $1,065

TOTAL REVENUE $44,288

Expense Breakdown

Grants Paid $1,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,848

Other Expenses $34,098

TOTAL EXPENSES $35,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,288	$460,646	-0.9%
Expenses	$35,848	$447,837	-0.9%
Net Income	$8,440	$12,809	-0.3%

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

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
Drew Underwood	Executive Director	020.00	Officer Director	$0	$0	$0
Adrian Reynolds	Chairman	002.00	Officer Director	$0	$0	$0
Shelby Peel	Secretary	001.00	Officer Director	$0	$0	$0
Mark Treesh	Treasurer	001.00	Officer Director	$0	$0	$0
Bob Rowland	Director	001.00	Officer Director	$0	$0	$0
Jason Cullen	Director	001.00	Officer Director	$0	$0	$0
Andres Martinez	Director	001.00	Officer Director	$0	$0	$0
Cary King	Director	001.00	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
2023	$44,288	$35,848	$21,383	$8,440
2022	$460,646	$447,837	$12,943	$12,809