HAGERSTOWN AVIATION MUSEUM INC

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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

2005

Legal Domicile

Principal Officer

AUSTIN COLBY

Phone

3017338717

Tax Period

2024-01-01 to 2024-12-31

HAGERSTOWN AVIATION MUSEUM INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $248K, a strong 25% operating margin.

Mission

AVIATION MUSEUM TO EDUCATE THE COMMUNITY ABOUT ITS LONG INVOLVEMENT IN AVIATION.

Program Service Accomplishments

Program 1

Expenses: $547,456 Revenue: $1,006,961

AN AVIATION MUSEUM TO RESEARCH, INTERPRET, PRESERVE AND PROMOTE THE AVAITION HISTORY OF HAGERSTOWN, A MARYLAND COMMUNITY. ACTIVE MEMBERSHIP APPROX. 200, BI-ANNUAL MAGAZINE TO APPROX. 5000 PEOPLE...

AN AVIATION MUSEUM TO RESEARCH, INTERPRET, PRESERVE AND PROMOTE THE AVAITION HISTORY OF HAGERSTOWN, A MARYLAND COMMUNITY. ACTIVE MEMBERSHIP APPROX. 200, BI-ANNUAL MAGAZINE TO APPROX. 5000 PEOPLE. MUSEUM DISPLAY OPEN TO THE PUBLIC, THE PURPOSE OF WHICH IS TO EDUCATE THE COMMUNITY ABOUT ITS LONG INVOLVEMENT IN AVIATION.

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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 $866,273

Program Service Revenue $34,208

Investment Income $19,113

Other Revenue $83,182

TOTAL REVENUE $1,002,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,157

Fundraising Expenses $51,444

Program Expenses $547,456

Other Expenses $532,464

TOTAL EXPENSES $755,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,002,776	$1,755,142	-0.4%
Expenses	$755,047	$667,942	+0.1%
Net Income	$247,729	$1,087,200	-0.8%

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

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

$124,881

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN P SEBURN	PRESIDENT	040.00	Officer	$66,343	$0	$66,343
KURTIS MEYERS	VICE PRESIDENT	040.00	Officer	$58,538	$0	$58,538
PAUL HOUCK	BOARD MEMBER	005.00	Director	$12,000	$0	$12,000
TODD WILLMAN	BOARD MEMBER	005.00	Director	$0	$0	$0
SCOTT SCHNEIDER	BOARD MEMBER	005.00	Director	$0	$0	$0
THOMAS RIFORD	BOARD MEMBER	005.00	Director	$0	$0	$0
TRACY SPRECHER	BOARD MEMBER	005.00	Director	$0	$0	$0
HESBIA C FOSTER JR	BOARD MEMBER	005.00	Director	$0	$0	$0
RYAN THOMAS	BOARD MEMBER	005.00	Director	$0	$0	$0
JEFFERY WOOLFORD	BOARD MEMBER	005.00	Director	$0	$0	$0
JOHN DEPASQUALE	SECRETARY	010.00	Officer	$0	$0	$0
AUSTIN COLBY	TREASURER	010.00	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
2024	$1,002,776	$755,047	$8,238,514	$247,729
2023	$1,755,142	$667,942	$7,979,778	$1,087,200
2022	$5,319,963	$613,662	$6,920,168	$4,706,301
2021	$1,042,050	$314,859	$2,211,765	$727,191
2020	$217,446	$127,466	$1,484,736	$89,980
2019	$442,674	$173,857	$1,394,821	$268,817
2018	$57,761	$88,600	$1,086,004	$-30,839