MID ATLANTIC AIR MUSEUM

EIN: 232159370 501(c)(3) Arts, Culture & Humanities

READING, PA

Total Revenue
$813,026
Total Expenses
$754,728
Total Assets
$6,129,940
Net Assets
$5,771,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
PA
Principal Officer
RUSSELL STRINE
Phone
6103727333
Tax Period
2023-01-01 to 2023-12-31

MID ATLANTIC AIR MUSEUM, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $813K in total revenue in fiscal year 2023. Expenses of $755K left a modest 7% surplus.

Mission

THE MUSEUM'S COLLECTION EMPHASIZES THE MID ATLANTIC REGION'S UNIQUE CONTRIBUTION TO FLIGHT, BUT IS BROAD ENOUGH TO CHRONICLE A GENERAL HISTORY OF AVIATION, INCLUDING MILATARY AVIATION. THE MUSEUM'S COLLECTIONS ARE CARED FOR ACCORDING TO ESTABLISHED MUSEUM PRACTICES. HISTORICALLY ACCURATE AIRCRAFT RESTORATION AND LIMITED DEMONSTRATION FLYING ARE SPECIAL MISSIONS UNDERTAKEN BY THE MUSEUM.

Program Service Accomplishments

Program 1
Expenses: $674,189

MUSEUM ADMISSIONS - EDUCATES THE PUBLIC ON THE CONTRIBUTION VINTAGE AIRCRAFT HAVE ON AVIATION HISTORY.

Program 2
Expenses: $11,414

SCHOLARSHIP ISSUED IN MEMORY OF FORMER OFFICER.

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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 $258,894
Program Service Revenue $4,610
Investment Income $1,279
Other Revenue $548,243
TOTAL REVENUE $813,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $212,583
Fundraising Expenses $0
Program Expenses $685,603
Other Expenses $520,075
TOTAL EXPENSES $754,728

Year-over-Year Comparison

2023 2022 Change
Revenue $813,026 $843,194 0.0%
Expenses $754,728 $683,282 +0.1%
Net Income $58,298 $159,912 -0.6%
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

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Governance

Voting Members
3
Independent Members
2
Employees
4
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
1
$89,600
Total Directors
3
$89,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL STRINE CHAIRMAN 40.00
Officer Director
$89,600 $0 $89,600
JAMES PUSATERI DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY ARENTZ 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
2024 No data No data No data No data
2023 $813,026 $754,728 $6,129,940 $58,298
2022 $843,194 $683,282 $6,120,360 $159,912
2021 $831,220 $654,615 $6,000,647 $176,605
2020 $400,145 $574,194 $5,929,207 $-174,049
2019 $706,741 $560,186 $6,086,540 $146,555
2018 $517,831 $588,948 $5,970,476 $-71,117
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