NATIONAL MUSEUM OF WORLD WAR II AVIATION INC

EIN: 010859843 501(c)(3) Arts, Culture & Humanities

COLORADO SPRINGS, CO

Total Revenue
$1,626,294
Total Expenses
$1,073,945
Total Assets
$10,337,021
Net Assets
$6,929,055
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CO
Principal Officer
WILLIAM KLAERS
Phone
7196377559
Tax Period
2023-01-01 to 2023-12-31

NATIONAL MUSEUM OF WORLD WAR II AVIATION INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $552K, a strong 34% operating margin.

Mission

THE NAT'L MUSEUM OF WWII AVIATION WILL PROVIDE UNIQUE EDUCATIONAL EXPERIENCES THAT PROMOTE A DEEPER UNDER- STANDING OF THE HISTORICAL IMPORTANCE OF AMERICAN AVIATION IN WWII.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $543,607
Program Service Revenue $778,544
Investment Income $33,402
Other Revenue $270,741
TOTAL REVENUE $1,626,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,147
Fundraising Expenses $0
Program Expenses $927,771
Other Expenses $911,798
TOTAL EXPENSES $1,073,945

Year-over-Year Comparison

2023 2022 Change
Revenue $1,626,294 $1,138,352 +0.4%
Expenses $1,073,945 $1,180,740 -0.1%
Net Income $552,349 $-42,388 -14.0%
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

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Governance

Voting Members
5
Independent Members
1
Employees
12
Volunteers
300

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
4
$69,996
Total Directors
5
$69,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Earle Director of Education 40.0
Officer Director
$69,996 $0 $69,996
William Klaers President 40.0
Officer Director
$0 $0 $0
Kurt Peterson Secretary/Treasurer 5.0
Officer Director
$0 $0 $0
Tom Perkins Director 5.0
Director
$0 $0 $0
Jim Slattery Chairman 5.0
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 No data No data No data No data
2023 $1,626,294 $1,073,945 $10,337,021 $552,349
2022 $1,138,352 $1,180,740 $10,124,307 $-42,388
2021 $1,290,252 $882,023 $9,354,185 $408,229
2020 $444,210 $1,059,882 $9,255,451 $-615,672
2019 $940,890 $815,992 $9,745,911 $124,898
2018 $5,995,638 $722,412 $9,290,496 $5,273,226
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