VETERANS AIRLIFT COMMAND FOUNDATION

EIN: 205366612 501(c)(3) Philanthropy & Grantmaking

ST LOUIS PARK, MN

Total Revenue
$-4,425
Total Expenses
$92,491
Total Assets
$1,021,067
Net Assets
$1,021,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Organization Details

Formation Year
2006
Legal Domicile
MN
Principal Officer
WALTER FRICKE
Phone
9525822911
Tax Period
2023-01-01 to 2023-12-31

VETERANS AIRLIFT COMMAND FOUNDATION, founded in 2006, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $4K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION WAS CREATED TO SUPPORT THE VETERANS AIRLIFT COMMAND, A MINNESOTA NONPROFIT CORPORATION RECOGNIZED BY THE IRS AS A 501(C)(3) PUBLIC CHARITY.

Program Service Accomplishments

Program 1
Expenses: $70,264

THE ORGANIZATION WAS CREATED TO SUPPORT THE VETERANS AIRLIFT COMMAND, A MINNESOTA NONPROFIT CORPORATION RECOGNIZED BY THE IRS AS A 501(C)(3) PUBLIC CHARITY. THE PURPOSE OF VAC IS TO PROVIDE FREE AIR...

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THE ORGANIZATION WAS CREATED TO SUPPORT THE VETERANS AIRLIFT COMMAND, A MINNESOTA NONPROFIT CORPORATION RECOGNIZED BY THE IRS AS A 501(C)(3) PUBLIC CHARITY. THE PURPOSE OF VAC IS TO PROVIDE FREE AIR TRANSPORTATION FOR MEDICAL AND OTHER COMPASSIONATE PURPOSES TO WOUNDED WARRIORS, VETERANS, AND THEIR FAMILIES THROUGH A NATIONAL NETWORK OF VOLUNTEER AIRCRAFT OWNERS AND PILOTS. SUCH AIR TRANSPORTATION WILL BE PROVIDED BY VAC TO THESE INDIVIDUALS WHEN OTHER PRACTICAL MEANS OF TRANSPORTATION ARE INADEQUATE OR UNAVAILABLE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,575
Program Service Revenue $0
Investment Income $-35,000
Other Revenue $0
TOTAL REVENUE $-4,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,264
Other Expenses $92,491
TOTAL EXPENSES $92,491

Year-over-Year Comparison

2023 2022 Change
Revenue $-4,425 $-406,281 -1.0%
Expenses $92,491 $130,228 -0.3%
Net Income $-96,916 $-536,509 -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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
1
$140,729
Total Directors
2
$140,729
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALTER FRICKE PRESIDENT 1.00
Officer Director
$0 $28,146 $140,729
MICHAEL GROSSMANN 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $-4,425 $92,491 $1,021,067 $-96,916
2022 $-406,281 $130,228 $1,118,077 $-536,509
2021 $33,129 $84,663 $1,654,492 $-51,534
2020 $245,616 $129,079 $1,706,097 $116,537
2019 $22,768 $670,341 $1,596,484 $-647,573
2018 $-67,960 $95,644 $2,244,524 $-163,604
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