HISTORIC FLIGHT FOUNDATION (EIN 203837894) - Form 990 Financial Analysis & Trantor Score

🔒

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

2005

Legal Domicile

Principal Officer

JOHN T SESSIONS

Phone

5095356000

Tax Period

2021-01-01 to 2021-12-31

HISTORIC FLIGHT FOUNDATION, founded in 2005, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2021. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $522K, a strong 22% operating margin.

Mission

HISTORIC FLIGHT FOUNDATION EXISTS TO ACQUIRE, PRESERVE AND EXHIBIT HISTORICALLY SIGNIFICANT AIR AND SPACE ARTIFACTS, WHICH PROVIDE A FOUNDATION FOR SCHOLARLY RESEARCH AND LIFELONG LEARNING PROGRAMS THAT INSPIRE AN INTEREST IN AND UNDERSTANDING OF SCIENCE AND TECHNOLOGY.

🔒

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 (2021)

Revenue Breakdown

Contributions & Grants $2,026,454

Program Service Revenue $0

Investment Income $0

Other Revenue $345,932

TOTAL REVENUE $2,372,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,658

Fundraising Expenses $91,468

Program Expenses $170,000

Other Expenses $1,584,034

TOTAL EXPENSES $1,850,692

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,372,386	$2,782,436	-0.1%
Expenses	$1,850,692	$2,485,709	-0.3%
Net Income	$521,694	$296,727	+0.8%

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

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
JOHN T SESSIONS	PRESIDENT	40.00	Director	$0	$0	$0
BOB LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY SOEHREN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHRISTINE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD MIELKE	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE BRAZIL	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN OLSON	DIRECTOR OF MAINTENANCE	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
2021	$2,372,386	$1,850,692	$8,847,970	$521,694

HISTORIC FLIGHT FOUNDATION