ARMSTRONG AIR & SPACE MUSEUM ASSOCIATION INC (EIN 271535808) - 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

2010

Legal Domicile

Principal Officer

KRAIG NOBLE

Phone

4197388811

Tax Period

2024-01-01 to 2024-12-31

ARMSTRONG AIR & SPACE MUSEUM ASSOCIATION INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $847K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $751K left a modest 11% surplus.

Mission

CONNECT THE PUBLIC TO THE HERITAGE OF THE SPACE PROGRAM WITH EMPHASES ON NEIL ARMSTRONG'S ROLE, OHIO'S CONTRIBUTION, THE HISTORY AND SCIENCE OF FLIGHT AND SPACE EXPLORATION, AND THE CONTRIBUTION THAT THE SPACE PROGRAM HAS MADE TO MODERN LIFE.

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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 $189,708

Program Service Revenue $432,454

Investment Income $8,016

Other Revenue $216,875

TOTAL REVENUE $847,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,168

Fundraising Expenses $2,138

Program Expenses $748,427

Other Expenses $240,397

TOTAL EXPENSES $750,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$847,053	$710,834	+0.2%
Expenses	$750,565	$732,612	+0.0%
Net Income	$96,488	$-21,778	-5.4%

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

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
DAVE BAMBAUER	TRUSTEE	1.00	Director	$0	$0	$0
JOSH BLOOMFIELD	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN BROWN	TRUSTEE	1.00	Director	$0	$0	$0
MARK CASAZZA	TRUSTEE	1.00	Director	$0	$0	$0
TESS ELSHOFF	TRUSTEE	1.00	Director	$0	$0	$0
DAN GRAF	TRUSTEE	1.00	Director	$0	$0	$0
DONNA GRUBE	TRUSTEE	1.00	Director	$0	$0	$0
GREG JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS FINKELMEIER JR	TRUSTEE	1.00	Director	$0	$0	$0
DAN LEE	TRUSTEE	1.00	Director	$0	$0	$0
AARON REX	TRUSTEE	1.00	Director	$0	$0	$0
WOODY RICKMAN	TRUSTEE	1.00	Director	$0	$0	$0
BILL RUANE	TRUSTEE	1.00	Director	$0	$0	$0
MATT STAUGLER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE VORHEES	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL BARBER	SECRETARY	1.00	Officer	$0	$0	$0
TED BERGSTROM	2ND VICE PRE	1.00	Officer	$0	$0	$0
DON HARROD	TREASURER	2.00	Officer	$0	$0	$0
KRAIG NOBLE	PRESIDENT	2.00	Officer	$0	$0	$0
JOHN ZWEZ	1ST VICE PRE	1.00	Officer	$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	$847,053	$750,565	$1,135,563	$96,488
2023	$710,834	$732,612	$1,032,328	$-21,778
2022	$783,487	$819,465	$1,026,081	$-35,978
2021	$1,004,092	$543,114	$1,067,914	$460,978
2020	$411,994	$556,751	$847,215	$-144,757
2019	$1,015,478	$694,158	$754,409	$321,320
2018	$519,914	$513,793	$479,758	$6,121

ARMSTRONG AIR & SPACE MUSEUM ASSOCIATION INC