Pennys Flight Foundation Inc (EIN 921211076) - 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

2022

Legal Domicile

Principal Officer

Carl Doerge

Tax Period

2024-01-01 to 2024-12-31

Pennys Flight Foundation Inc, founded in 2022, is a community nonprofit in the Medical Research sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 49% operating margin.

Mission

The organization is committed to advancing scientific research and improving the lives of individuals affected by Neurofibromatosis NF1.

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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 $1,950,586

Program Service Revenue $0

Investment Income $97,769

Other Revenue $14,112

TOTAL REVENUE $2,062,467

Expense Breakdown

Grants Paid $110,199

Salaries & Benefits $201,302

Fundraising Expenses $586,300

Program Expenses $355,188

Other Expenses $735,343

TOTAL EXPENSES $1,046,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,062,467	$1,683,901	+0.2%
Expenses	$1,046,844	$1,316,319	-0.2%
Net Income	$1,015,623	$367,582	+1.8%

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

N/A

Employees

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

$132,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Doerge	Director	20.00	Director	$132,000	$0	$132,000
Megan Grant	Director	5.00	Director	$0	$0	$0
Scott Willard	Director	5.00	Director	$0	$0	$0
Carl Doerge	Director	10.00	Director	$0	$0	$0
Kearney Staniford	Director	5.00	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	$2,062,467	$1,046,844	$2,444,907	$1,015,623
2023	$1,683,901	$1,316,319	$1,462,194	$367,582
2022	$645,390	$38,738	$606,652	$606,652

Pennys Flight Foundation Inc