Golden Age Air Museum

🔒

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

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 mission of the Golden Age Air Museum is to entertain visitors and educate them about the early days of aviation, through its special events and daily operations. The museum offers the chance to explore the past, come and learn how the early aviators flew, what they flew and learn the lost art of early aircraft construction.

Program Service Accomplishments

Program 1

Expenses: $42,050 Revenue: $13,294

Antique aircraft restoration to educate the visiting public on techniques used in building aircraft in the 1920s and 1930s.

Program 2

Expenses: $18,923 Revenue: $23,576

Antique aircraft shows and other flying events where the visiting public may enjoy the sight and sound of early aviation.

Program 3

Expenses: $18,013 Revenue: $5,453

Museum where the visiting public can view full size operational aircraft and automobiles, as well as a display of artifacts from the Golden Age.

🔒

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 (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

🔒

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

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