AIR ZOO LEGACY FOUNDATION (EIN 263537678) - 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

2008

Legal Domicile

Principal Officer

CLIFF MULDER

Phone

2693826555

Tax Period

2023-01-01 to 2023-12-31

AIR ZOO LEGACY FOUNDATION, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 249% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 36% operating margin.

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE AIR ZOO.

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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 $591,368

Program Service Revenue $0

Investment Income $6,539,873

Other Revenue $0

TOTAL REVENUE $7,131,241

Expense Breakdown

Grants Paid $4,131,044

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,131,044

Other Expenses $444,959

TOTAL EXPENSES $4,576,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,131,241	$2,041,664	+2.5%
Expenses	$4,576,003	$4,053,746	+0.1%
Net Income	$2,555,238	$-2,012,082	-2.3%

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

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

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

$96,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLIFFORD J MULDER	CHAIR	1.00	Officer Director	$0	$0	$0
DONALD R PARFET	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL BITZER	TRUSTEE	1.00	Director	$0	$0	$0
JOEL OROSZ	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA PARISH	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE G PLEUNE	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE STATLER	EXECUTIVE DIRECTOR	2.00	Officer	$0	$14,903	$96,900

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	$7,131,241	$4,576,003	$80,625,271	$2,555,238
2022	$2,041,664	$4,053,746	$66,478,144	$-2,012,082
2021	$9,308,646	$3,500,594	$89,399,860	$5,808,052
2020	$3,450,630	$3,247,394	$79,636,277	$203,236
2019	$5,798,672	$3,436,786	$63,229,262	$2,361,886
2018	$2,775,579	$2,909,502	$51,165,085	$-133,923

AIR ZOO LEGACY FOUNDATION