Golden Age Air Museum (EIN 232901557) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

Paul D Dougherty Jr

Phone

7179339566

Tax Period

2024-01-01 to 2024-12-31

Golden Age Air Museum, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $130K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 21% operating margin.

Mission

The Golden Age Air Museum was organized to maintain a facility for the restoration, preservation, and display of aircraft and aviation memorabilia relating to the years of first powered flight to the beginning of World War II. The museum aims to preserve and perpetuate the history and memory of pioneers in aviation as well as display related aircraft and memorabilia to the general public.

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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 $95,803

Program Service Revenue $39,179

Investment Income $-24,553

Other Revenue $19,110

TOTAL REVENUE $129,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,390

Program Expenses $78,986

Other Expenses $102,490

TOTAL EXPENSES $102,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,539	$303,332	-0.6%
Expenses	$102,490	$106,051	0.0%
Net Income	$27,049	$197,281	-0.9%

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

N/A

Employees

N/A

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
Paul D Dougherty Jr	Chairman/President	20.00	Officer Director	$0	$0	$0
Caroline D Dougherty	Director/Secretary	20.00	Officer Director	$0	$0	$0
Gerry Wild	Director	10.00	Director	$0	$0	$0
Michael Cilurso	Director	10.00	Director	$0	$0	$0
Michael O'Neal	Director/Treasurer	10.00	Officer 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	$129,539	$102,490	$1,321,746	$27,049
2023	$303,332	$106,051	$1,294,826	$197,281
2022	$156,412	$82,485	$1,142,898	$73,927
2021	$160,496	$69,578	$1,069,631	$90,918
2020	$95,309	$60,965	$984,658	$34,344
2019	$100,950	$80,183	$956,163	$20,767
2018	$123,397	$81,205	$940,890	$42,192

Golden Age Air Museum