RHODE ISLAND AVIATION HALL OF FAME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

FRANK L LENNON

Phone

4018318696

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND AVIATION HALL OF FAME INC, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $39K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO HONOR AND PERPETUATE THE MEMORY OF THOSE INDIVIDUALS WHO HAVE CONTRIBUTED TO RHODE ISLANDS RICH AVIATION HISTORY; MOTIVATE STUDENTS THROUGH INNOVATIVE PROGRAMMING, PROVIDING THEM WITH UNIQUE VOCATIONAL SKILLS, AND EXPERIENCES; EDUCATE THE PUBLIC ABOUT RHODE ISLANDS PROFOUND LEGACY OF MARITIME AND AVIATION HERITAGE; AND HONOR ACTIVE DUTY AND RETIRED VETERANS OF ALL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $39,426 Revenue: $38,522

TO DESIGN,DEVELOP AND OPERATE AN AIR, LAND AND SEA HERITAGE AND TECHNOLOGY PARK TO HONOR OUR HEROES, EDUCATE THE PUBLIC, AND INSPIRE OUR YOUTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,060

Program Service Revenue $20,462

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,066

Program Expenses $39,426

Other Expenses $52,492

TOTAL EXPENSES $52,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,522	$50,973	-0.2%
Expenses	$52,492	$63,768	-0.2%
Net Income	$-13,970	$-12,795	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS L LENNON	PRESIDENT & TREASURER	30.00	Officer Director	$0	$0	$0
WILLIAM E SHERIDAN	SECRETARY	20.00	Officer Director	$0	$0	$0
JAMES D'AGOSTINO	VICE-PRESIDENT	10.00	Officer Director	$0	$0	$0
RICHARD SUTTLE	DIRECTOR	10.00	Director	$0	$0	$0
JOANN ENGLEHARDT	DURECTOR	10.00	Director	$0	$0	$0
JOHN GIBBONS	DIRECTOR	10.00	Director	$0	$0	$0
ERNEST OLIVERIA	DIRECTOR	2.00	Director	$0	$0	$0
BRAD SENTER	DIRECTOR	2.00	Director	$0	$0	$0
DON WEISS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE SPIETH	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MORGAN	DIRECTOR	2.00	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
2023	$38,522	$52,492	$106,824	$-13,970
2022	$50,973	$63,768	$107,362	$-12,795
2021	$29,704	$45,066	$100,326	$-15,362
2020	$38,797	$73,401	$105,796	$-34,604
2019	$67,957	$78,796	$119,459	$-10,839
2018	$74,161	$89,947	$131,976	$-15,786

RHODE ISLAND AVIATION HALL OF FAME INC