NEVER FORGOTTEN HONOR FLIGHT INC
Mission Statement
The Case for Never Forgotten Honor Flight World War Two ended more than 75 years ago. America traditionally has not built memorials to wars. We have built many battle monuments and statues honoring specific warriors and even honored specific branches of the armed services, but until the Vietnam Memorial Wall was constructed, we didn’t build monuments to conflicts. Vietnam changed that, for whatever reason. Finally, in May of 2004, the World War Two Memorial was dedicated to the memory of those who fought in that conflict. The problem is that most of the veterans to whom the Memorial is dedicated consider themselves too old to travel and see it, and of the 16.1 million men and women who served in the war, only about 3% are still alive and they are dying at a rate of 492 a day. Never Forgotten Honor Flight has a very simple mission: We want to fly as many of those survivors as are able to Washington to experience “their” Memorial and a few other sights and sounds of the nation’s capital, at no cost to our Veterans. Our statement to these members of the Greatest Generation is: You have paid enough. We want to share with you the Memorial our country has constructed to honor your service. All veterans are accompanied by Guardians. Guardians are required to attend a special training session to ensure our Veterans are well cared for & have a safe journey during their one-day trip to Washington. The Guardians pay their own way – $500. Our Veterans are fed well, receive deluxe motor coach transport around the Washington area, and have the chance to mingle with other Veterans visiting the Memorials. Upon their return home they will be greeted with a hero’s welcome. The cost of arranging one flight from Central Wisconsin to Washington D.C. is approximately $85,000, depending on size of aircraft, price of fuel, and many other variables. The cost for each traveler is about $500. Our goal is to continue to fly four flights each year (April, May, Sept & Oct) for as long as we have World War II, Korean & Vietnam Veterans to honor. For the debt our nation owes these men and women, we feel our efforts are entirely appropriate. We would appreciate your support in any form, as we continue the Never Forgotten Honor Flight project.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.3% | 81.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.7% | 14.0% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
50.3 mo | 10.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.2% | 1.9% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.5% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
29.8% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.0% | 13.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
29.9% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.0M | $725K | $3.0M | 97.3% | 0 |
| 2022 | $797K | $691K | $2.7M | 98.5% | 0 |
| 2021 | $388K | $21K | N/A | — | 0 |
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