Patuxent River Naval Air Museum Assn (EIN 237433886) - 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

1975

Legal Domicile

Principal Officer

Stephen Facini

Phone

3018631900

Tax Period

2024-07-01 to 2025-06-30

Patuxent River Naval Air Museum Assn, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $392K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $458K exceeded revenue, resulting in a 17% operating deficit.

Mission

Support and manage activities associated with operating the Patuxent River Naval Air Museum located in Lexington Park, Maryland.

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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 $183,591

Program Service Revenue $137,742

Investment Income $11,346

Other Revenue $59,557

TOTAL REVENUE $392,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,714

Fundraising Expenses $34,702

Program Expenses $371,239

Other Expenses $241,696

TOTAL EXPENSES $458,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,236	$348,133	+0.1%
Expenses	$458,410	$456,714	+0.0%
Net Income	$-66,174	$-108,581	-0.4%

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

Employees

Volunteers

194

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
George Hill	Director/President(24-25)	10.00	Officer Director	$0	$0	$0
Chad Miller	Director(24-25)/VP(6/25)	5.00	Officer Director	$0	$0	$0
Timothy Gowen	Director (24-25)VP(7/24-6/25)	5.00	Officer Director	$0	$0	$0
Steve Facini	Director(24-25)/Treasurer(7/24-12/24)	25.00	Officer Director	$0	$0	$0
Stephenie Jones	Director(24-25)	10.00	Director	$0	$0	$0
Lloyd Montgomery	Director(24-25)	5.00	Director	$0	$0	$0
Matt Ayre	Director(24-25)	5.00	Director	$0	$0	$0
Joseph Nevis	Director(24-25)	5.00	Director	$0	$0	$0
Damian Macone	Director(24-25)/Treasurer(1/25-6/25)	30.00	Officer Director	$0	$0	$0
Peter Butt	Director{7/24-9/24}	5.00	Director	$0	$0	$0
Jennifer Brown	Director/Secretary(24-25)	5.00	Officer Director	$0	$0	$0
Joie Samuelson Miller	Director(24-25)	5.00	Director	$0	$0	$0
Eugene McHugh	Director(5/25-6/25)	5.00	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	$392,236	$458,410	$621,949	$-66,174
2024	No data	No data	No data	No data
2023	$487,702	$356,737	$772,485	$130,965
2023	$487,702	$356,737	$772,485	$130,965
2022	$371,176	$245,795	$622,494	$125,381
2022	$371,176	$245,795	$622,494	$125,381
2021	$235,487	$342,954	$598,336	$-107,467

Patuxent River Naval Air Museum Assn