Angels Spirit Aviation Foundation

Nonprofit profile at a glance

EIN
933864034
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Las Vegas, NV, USA
Phone
4692264018
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services N.E.C.

Reported finances

Revenue
$6,293
Expenses
$16,209
Assets
$667,567
Liabilities
$1,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ERIC LEUTY (PRESIDENT, TREASURER, DIRE)

People named in this filing

  • ERIC LEUTY (PRESIDENT, TREASURER, DIRE)
  • MARC ASHTON (VP, DIRECTOR)
  • BONNIE BREZNIK-YOUNG (SECRETARY, DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Investment-supported. 98% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 75
  • Accountability: 88
  • Sustainability: 45
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 78.4%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 58.6%; rating input score 59; 46th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -157.6%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 41.18; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 56.2% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -196.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 78.4% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $13K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Grant itemization coverage scored 59/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.