NATIONAL SOARING MUSEUM (EIN 161004983) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

ADAM SMITH

Phone

6077343128

Tax Period

2024-01-01 to 2024-12-31

NATIONAL SOARING MUSEUM, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $493K in total revenue in fiscal year 2024. Revenue surged 186% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 29% operating margin.

Mission

MUSEUM OF MOTORLESS FLIGHT, COLLECT, CATALOG AND DISPLAY ARTIFACTS, AND TO PROVIDE EDUCATIONAL PROGRAMS TO THE PUBLIC.

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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 $178,556

Program Service Revenue $34,432

Investment Income $255,504

Other Revenue $24,627

TOTAL REVENUE $493,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,272

Fundraising Expenses $0

Program Expenses $153,439

Other Expenses $111,525

TOTAL EXPENSES $347,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,119	$172,296	+1.9%
Expenses	$347,797	$289,819	+0.2%
Net Income	$145,322	$-117,523	-2.2%

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

Volunteers

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

$83,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAFFORD DOHERTY	DIRECTOR	40.00	Officer	$67,231	$6,067	$73,298
ADAM SMITH	DIRECTOR	40.00	Officer	$10,462	$0	$10,462
WILLIAM BATESOLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE KOERNER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DR WILLIAM GUERRY HOWARD	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER BAUMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
AARON ALSHEIMER ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
C DIANNE BLACK-NIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG FRONIUS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH KNERR	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN LAFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN LEONARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MARGESON	BOARD MEMBER	1.00	Director	$0	$0	$0
NEAL PFEIFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
W STUART SCHWEIZER	BOARD MEMBER	1.00	Director	$0	$0	$0
KARIN SCHLOSSER	BOARD MEMBER	1.00	Director	$0	$0	$0
ARIE VAN DEN BLINK	BOARD MEMBER	1.00	Director	$0	$0	$0
DR RICHARD WELLES	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP G WESTCOTT CPA	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM FREEMAN	BOARD MEMBER	1.00	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	$493,119	$347,797	$5,305,431	$145,322
2023	$172,296	$289,819	$5,096,414	$-117,523
2022	$1,206,100	$273,291	$4,962,577	$932,809
2021	$584,249	$260,384	$4,421,862	$323,865
2020	$340,810	$233,197	$4,120,995	$107,613
2019	$325,684	$263,262	$3,872,631	$62,422
2018	$269,194	$249,559	$3,597,732	$19,635

NATIONAL SOARING MUSEUM