MILITARY AVIATION MUSEUM

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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

2006

Legal Domicile

Principal Officer

W GERALD YAGEN

Phone

7574903157

Tax Period

2023-01-01 to 2023-12-31

MILITARY AVIATION MUSEUM, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.4M left a modest 13% surplus.

Mission

TO EDUCATE THE PUBLIC ABOUT THE EARLY HISTORY OF MILITARY AVIATION. THE MUSEUM PRESERVES AND FLIES VINTAGE AND REPRODUCTION MILITARY AIRCRAFT FROM THE FIRST HALF OF THE TWENTIETH CENTURY, MAKING THEM AVAILABLE FOR THE PUBLIC TO VIEW DURING REGULAR MUSEUM HOURS AND SEE IN FLIGHT AT ANNUAL AIR SHOWS AND OTHER SPECIAL FLIGHT DEMONSTRATIONS THROUGHOUT THE YEAR.

Program Service Accomplishments

Program 1

Expenses: $1,277,895 Revenue: $1,006,044

TO EDUCATE THE PUBLIC ON THE HISTORY OF MILITARY AVIATION FROM THE FIRST HALF OF THE TWENTIETH CENTURY. IT ACCOMPLISHES THIS BY OPERATING A MUSEUM OPEN TO THE PUBLIC SEVEN DAYS A WEEK YEAR ROUND...

TO EDUCATE THE PUBLIC ON THE HISTORY OF MILITARY AVIATION FROM THE FIRST HALF OF THE TWENTIETH CENTURY. IT ACCOMPLISHES THIS BY OPERATING A MUSEUM OPEN TO THE PUBLIC SEVEN DAYS A WEEK YEAR ROUND (EXCLUDING THANKSGIVING DAY AND CHRISTMAS DAY). VISITORS CAN SEE THE RESTORED AND REPLICA AIRCRAFT UP CLOSE ON STATIC DISPLAY AND LEARN ABOUT THEIR PERSONAL HISTORIES AND USES DURING THE WARS BY READING SIGNAGE AND TALKING WITH VOLUNTEER MUSEUM DOCENTS.

Program 2

Expenses: $31,866 Revenue: $29,806

ONE OF THE INTERACTIVE WAYS THE MUSEUM EDUCATES THE PUBLIC ON THE HISTORIC MILITARY AIRCRAFT IS BY HOSTING TWO AIR SHOWS EACH YEAR. THE SPRING AIR SHOW FEATURES AN AUTHENTIC, RESTORED WORLD WAR TWO AIRCRAFT FLYING AND ON STATIC DISPLAY. THE FALL AIR SHOW FEATURES A REPLICA WORLD WAR ONE AIRCRAFT FLYING AND ON STATIC DISPLAY. BOTH EVENTS ALSO INCLUDE MILITARY RE-ENACTORS FROM THE DIFFERENT PERIODS IN HISTORY, WHO INTERACT WITH ATTENDEES AND TALK ABOUT WHAT THE PILOTS, GROUND CREW, AND OTHER SOLDIERS ENDURED DURING THE WARS.

Program 3

THE MUSEUM ALSO OFFERS A MONTHLY GUEST SPEAKER SERIES TO THE PUBLIC, WHICH IS FREE WITH PAID MUSEUM ADMISSION. EACH MONTH, DIFFERENT RETIRED MILITARY PERSONNEL PRESENT A TALK ABOUT HIS OR HER...

THE MUSEUM ALSO OFFERS A MONTHLY GUEST SPEAKER SERIES TO THE PUBLIC, WHICH IS FREE WITH PAID MUSEUM ADMISSION. EACH MONTH, DIFFERENT RETIRED MILITARY PERSONNEL PRESENT A TALK ABOUT HIS OR HER EXPERIENCES WITH MILITARY AVIATION DURING WORLD WAR TWO AND IMMEDIATELY FOLLOWING. THESE PRESENTATIONS GIVE VISITORS AN OPPORTUNITY TO KNOW THE HISTORY MORE INTIMATELY BY WAY OF THE PERSONAL STORIES TOLD BY PILOTS, NAVIGATORS, GUNNERS, GROUND CREW AND TRAINERS. THE MUSEUM TYPICALLY FOLLOWS THE LECTURE WITH A FLIGHT DEMONSTRATION OF ONE OF THE MUSEUM'S AIRCRAFT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $345,776

Program Service Revenue $837,220

Investment Income $68,449

Other Revenue $371,928

TOTAL REVENUE $1,623,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,067

Fundraising Expenses $1,736

Program Expenses $1,309,761

Other Expenses $938,780

TOTAL EXPENSES $1,405,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,623,373	$1,718,673	-0.1%
Expenses	$1,405,847	$1,409,664	0.0%
Net Income	$217,526	$309,009	-0.3%

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

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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

174

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

$93,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD GEORGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN PETERSON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE HOLBROOK	TREASURER	1.00	Officer Director	$0	$0	$0
KENT EWING	SECRETARY	1.00	Officer Director	$0	$0	$0
GERALD YAGEN	FOUNDER	0.25	Director	$0	$0	$0
TOM OWEN	VOLUNTEER MEMBER	0.25	Director	$0	$0	$0
MICHAEL ALLEN	DIRECTOR	0.25	Director	$0	$0	$0
DAVID BERND	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM BURNETTE	DIRECTOR	0.25	Director	$0	$0	$0
JOHN CAMPBELL JR	DIRECTOR	0.25	Director	$0	$0	$0
GLENN CARWELL	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT DEDMAN	DIRECTOR	0.25	Director	$0	$0	$0
EMMITT DICKENS	DIRECTOR	0.25	Director	$0	$0	$0
BOB FORT	DIRECTOR	0.25	Director	$0	$0	$0
DAVID GOODE	DIRECTOR	0.25	Director	$0	$0	$0
PATRICK HAND	DIRECTOR	0.25	Director	$0	$0	$0
SANDY HARRIS	DIRECTOR	0.25	Director	$0	$0	$0
JOHN KAVANAUGH	DIRECTOR	0.25	Director	$0	$0	$0
HOWARD KERN	DIRECTOR	0.25	Director	$0	$0	$0
BARRY KNIGHT	DIRECTOR	0.25	Director	$0	$0	$0
BRUCE LINDSEY	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL MCLESKEY	DIRECTOR	0.25	Director	$0	$0	$0
ERIK NEIL	DIRECTOR	0.25	Director	$0	$0	$0
DEBORAH BUTLER PAINTER	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN PRESCOTT	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM ROMIG	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM SESSOMS JR	DIRECTOR	0.25	Director	$0	$0	$0
FREDERICK STANT	DIRECTOR	0.25	Director	$0	$0	$0
ALAN WAGNER	DIRECTOR	0.25	Director	$0	$0	$0
KEN YAGEN	DIRECTOR	0.25	Director	$0	$0	$0
KEEGAN CHETWYND	EXECUTIVE DIRECTOR	45.00	Officer	$79,752	$13,873	$93,625

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	$1,623,373	$1,405,847	$2,753,256	$217,526
2022	$1,718,673	$1,409,664	$2,239,248	$309,009
2021	$1,982,680	$1,275,459	$1,953,725	$707,221
2020	$1,002,834	$1,001,067	$1,448,896	$1,767
2019	$1,112,962	$896,549	$1,177,141	$216,413
2018	$1,056,713	$828,710	$973,634	$228,003