Honor Flight Maine Inc
Nonprofit profile at a glance
- EIN
- 465564538
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Brunswick, ME, USA
- Phone
- 2073707210
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $890,151
- Expenses
- $490,954
- Assets
- $816,423
- Liabilities
- $1,365
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Matthew Mank (Chairman)
- Charlie Paul (Vice Chair)
- Jennifer Libby (Treasurer)
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
Our mission is to take Maine Veterans to Washington DC to see the Memorials erected in their honor. Honor Flight Maine is a non-profit, all volunteer, organization that exists for that sole purpose. On average, Honor Flight Maine takes 3-5 trips a year to Washington DC. Memorials visited with Veterans so that they may tour, experience and reflect include WWII, Korean, Vietnam, Navy, Marines, and Air Force, the Lincoln Memorial, Arlington Cemetery with the changing of the guard, and the Women's Military Museum. Extra events such as trips to Fort Meade and Fort McHenry may be included depending on weather and logistics. HFM covers expenses (for the veterans) for round trip air, 2 nights at the Hilton (BWI), bus transportation and all meals. Wheelchairs are provided to transport those Veterans needing assistance.
What it reported doing in 2024
In 2024, Honor Flight Maine took 6 trips to Washington DC and transported 250 Veterans. Board Members actively contact Veterans on our waiting list along with providing prospective Veterans with updates. Information is received from Honor Flight Network headquarters. We utilized social media as an outreach to keep Veterans, Volunteers, and our communities up to date.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49%; rating input score 49
- Program expense ratio: 87.7%; rating input score 88
- Fundraising efficiency: $674.22 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 44.8%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 12.2% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 12.2% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 49% of revenue deployed · 87.7% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $430K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.