ANGELS SPIRIT AVIATION FOUNDATION

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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

2023

Legal Domicile

Principal Officer

ERIC LEUTY

Phone

4692264018

Tax Period

2024-01-01 to 2024-12-31

ANGELS SPIRIT AVIATION FOUNDATION, founded in 2023, is a micro nonprofit in the Human Services sector that reported $6K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 158% operating deficit.

Mission

Program Service Accomplishments

Program 1

Expenses: $12,701

ANGELS SPIRIT AVIATION FOUNDATION WAS FORMED FOR THE CHARITABLE PURPOSE TO PROVIDE SUPPORT TO ANGEL FLIGHT SOUTH CENTRAL IN TRANSPORTING INDIVIDUALS FOR NON-EMERGENCY MEDICAL APPOINTMENTS AND/OR...

ANGELS SPIRIT AVIATION FOUNDATION WAS FORMED FOR THE CHARITABLE PURPOSE TO PROVIDE SUPPORT TO ANGEL FLIGHT SOUTH CENTRAL IN TRANSPORTING INDIVIDUALS FOR NON-EMERGENCY MEDICAL APPOINTMENTS AND/OR TREATMENT AND TO SUPPORT OTHER 501(C)(3) AVIATION CHARITIES.THE NONPROFIT'S PILOTS FLY PEOPLE TO THEIR MEDICAL APPOINTMENTS AT NO COST TO THE PASSENGERS. PATIENTS OFTEN ARE WEAKENED FROM TREATMENTS AND FIND IT DIFFICULT TO MAKE LONG CAR DRIVES.ANGEL FLIGHT SOUTH CENTRAL ALLOWS PATIENTS TO SPEND MORE TIME WITH THEIR FAMILIES AND REDUCES THE EXPOSURE TO OTHER PEOPLE THAT PATIENTS MAY EXPERIENCE ON A COMMERCIAL FLIGHT. 29 MISSIONS WERE PROVIDED.THE NONPROFIT ASSISTED FIVE ADDITIONAL TAX-EXEMPT ORGANIZATIONS FOR AVIATION WITH RECEIVING MUCH-NEEDED FUNDING, ORGANIZING VOLUNTEERS, AND PROVIDING GUIDANCE ON EFFECTIVE FUNDRAISING, MANAGEMENT, AND STRATEGIES SO THAT THEY CAN EFFECTIVELY CARRY OUT THEIR CHARITABLE ACTIVITIES.

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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 $125

Program Service Revenue $0

Investment Income $6,168

Other Revenue $0

TOTAL REVENUE $6,293

Expense Breakdown

Grants Paid $12,072

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,701

Other Expenses $4,137

TOTAL EXPENSES $16,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,293	$700,001	-1.0%
Expenses	$16,209	$23,518	-0.3%
Net Income	$-9,916	$676,483	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LEUTY	PRESIDENT, TREASURER, DIRE	5.00	Officer Director	$0	$0	$0
MARC ASHTON	VP, DIRECTOR	1.00	Officer Director	$0	$0	$0
BONNIE BREZNIK-YOUNG	SECRETARY, DIRECTOR	1.00	Officer Director	$0	$0	$0
SHERRY PRETZER	ASSISTANT SECRETARY/TREASURER, DIRECTOR	1.00	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
2024	$6,293	$16,209	$667,567	$-9,916
2023	$700,001	$23,518	$677,483	$676,483