ILLINOIS AVIATION MUSEUM AT BOLING… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

LARRY GREENWICH

Phone

6307711937

Tax Period

2021-01-01 to 2021-12-31

ILLINOIS AVIATION MUSEUM AT BOLINGBROOK, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $93K in total revenue in fiscal year 2021. The organization ran a surplus of $45K, a strong 48% operating margin.

Mission

OPERATION OF NOT-FOR-PROFIT AVIATION MUSEUM AND RELATED PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $45,508

OPERATION OF MUSEUM AT 130 S. CLOW INTERNATIONAL PARKWAY, BOLINGBROOK, IL 60490. EXHIBITION OF HISTORICAL AIRCRAFT, NO ADMISSION CHARGED

Program 2

AVIATION SAFETY TRAINING PROGRAMS AND SEMINARS.

Program 3

Expenses: $2,724

RESTORATION AND MAINTENANCE OF HISTORICAL AIRCRAFT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $82,953

Program Service Revenue $0

Investment Income $3,057

Other Revenue $6,997

TOTAL REVENUE $93,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,595

Fundraising Expenses $0

Program Expenses $48,232

Other Expenses $35,670

TOTAL EXPENSES $48,265

Year-over-Year Comparison

	2021	2020	Change
Revenue	$93,007	N/A	N/A
Expenses	$48,265	N/A	N/A
Net Income	$44,742	N/A	N/A

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

N/A

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTI BARTON	DIRECTOR	N/A	Director	$0	$0	$0
WAYNE BRAZINSKI	DIRECTOR	N/A	Director	$0	$0	$0
DAN CHRISTINE	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS CHRISTINE	DIRECTOR	N/A	Director	$0	$0	$0
BOB COON	DIRECTOR	N/A	Director	$0	$0	$0
JERRY CZUPRYN	DIRECTOR	N/A	Director	$0	$0	$0
JIM GOULD	DIRECTOR	N/A	Director	$0	$0	$0
BILLY HEARTH	DIRECTOR	N/A	Director	$0	$0	$0
RAY JAKUBIAK	DIRECTOR	N/A	Director	$0	$0	$0
JANET LINDSEY	DIRECTOR	N/A	Director	$0	$0	$0
ED MEYER	DIRECTOR	N/A	Director	$0	$0	$0
BILL ANDERSON	SECRETARY	N/A	Officer	$0	$0	$0
JOE DEPAULO	TREASURER	N/A	Officer	$0	$0	$0
LARRY GREENWICH	PRESIDENT	N/A	Officer	$0	$0	$0
ARZINIA WILLIAMS	VICE PRESIDE	N/A	Officer	$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
2021	$93,007	$48,265	$214,930	$44,742

ILLINOIS AVIATION MUSEUM AT BOLINGBROOK