MUSEUM OF FLYING

EIN: 237412316 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$274,764
Total Expenses
$449,803
Total Assets
$1,632,750
Net Assets
$1,200,761
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Phone
3107520555
Tax Period
2023-01-01 to 2023-12-31

MUSEUM OF FLYING, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $275K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $450K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE SPECIFIC AND PRIMARY PURPOSES ARE TO RECEIVE CONTRIBUTIONS OF FUNDS AND HISTORICAL MATERIAL CONNECTED WITH THE DEVELOPMENT AND ADVANCEMENT OF AVIATION FOR THE PRESERVATION AND EXHIBITION OF SUCH MATERIAL FOR EDUCATIONAL PURPOSES.

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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 $63,022
Program Service Revenue $102,414
Investment Income $534
Other Revenue $108,794
TOTAL REVENUE $274,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,092
Fundraising Expenses $0
Program Expenses $370,304
Other Expenses $337,711
TOTAL EXPENSES $449,803

Year-over-Year Comparison

2023 2022 Change
Revenue $274,764 $641,700 -0.6%
Expenses $449,803 $489,936 -0.1%
Net Income $-175,039 $151,764 -2.2%
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
4
Independent Members
4
Employees
3
Volunteers
5

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALLAS P PRICE-VAN BREDA CEO 1.00
Officer Director
$0 $0 $0
BEVERLY HOSKINSON Director 1.00
Officer Director
$0 $0 $0
EDWARD R SAUSE Treasurer/Dir 1.00
Officer Director
$0 $0 $0
PATRICK E BAILEY Secretary/Dir 1.00
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 No data No data No data No data
2023 $274,764 $449,803 $1,632,750 $-175,039
2022 $641,700 $489,936 $1,834,329 $151,764
2021 $138,953 $258,733 $2,016,363 $-119,780
2020 $48,158 $291,407 $2,122,278 $-243,249
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