THE AIR FORCE MUSEUM FOUNDATION INC (EIN 310668800) - 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

1966

Legal Domicile

Principal Officer

MR SCOTT E LUNDY

Phone

9372581218

Tax Period

2023-01-01 to 2023-12-31

THE AIR FORCE MUSEUM FOUNDATION INC, founded in 1966, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 30% operating margin.

Mission

SUPPORT OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE.

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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 $3,465,768

Program Service Revenue $1,513,313

Investment Income $1,924,671

Other Revenue $3,136,030

TOTAL REVENUE $10,039,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,820,866

Fundraising Expenses $1,316,626

Program Expenses $4,395,295

Other Expenses $3,171,209

TOTAL EXPENSES $6,992,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,039,782	$7,502,072	+0.3%
Expenses	$6,992,075	$6,129,529	+0.1%
Net Income	$3,047,707	$1,372,543	+1.2%

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

Governance

Voting Members

Independent Members

Employees

101

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

$239,652

Total Directors

Key Employees

$178,864

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LT GEN RET CD MOORE II	CHAIR	3.20	Officer Director	$0	$0	$0
CMSAF RET GERALD R MURRAY	VICE CHAIR	2.30	Officer Director	$0	$0	$0
GEN RET LESTER L LYLES	SECRETARY	1.70	Officer Director	$0	$0	$0
MR SCOTT E LUNDY	TREASURER	2.90	Officer Director	$0	$0	$0
MS ANGELA L BILLINGS	TRUSTEE	1.10	Director	$0	$0	$0
COL RET JAMES F BLACKMAN	TRUSTEE	0.80	Director	$0	$0	$0
MR JOHN G BRAUNEIS	TRUSTEE	1.70	Director	$0	$0	$0
LT COL RET JOHN PAUL CLARKE	TRUSTEE	0.70	Director	$0	$0	$0
COL RET JEFFREY COLEMAN	TRUSTEE (START 08/23)	0.40	Director	$0	$0	$0
BRIG GEN RET PAUL R COOPER	TRUSTEE (END 05/23)	0.40	Director	$0	$0	$0
MS LINDA Y CURETON	TRUSTEE	1.00	Director	$0	$0	$0
DR JAY DEFRANK	TRUSTEE (START 11/23)	0.00	Director	$0	$0	$0
DR PAMELA A DREW	TRUSTEE (END 05/23)	0.80	Director	$0	$0	$0
MR ROGER D DUKE	TRUSTEE (END 05/23)	0.90	Director	$0	$0	$0
MS ANITA O EMOFF	TRUSTEE	3.40	Director	$0	$0	$0
BRIG GEN RET ROBERT P GIVENS	TRUSTEE (START 11/23)	0.00	Director	$0	$0	$0
COL RET FREDERICK D GREGORY SR	TRUSTEE (END 05/23)	0.80	Director	$0	$0	$0
MR BENJAMIN T GUTHRIE	TRUSTEE	0.80	Director	$0	$0	$0
MR WALTER A HIBNER	TRUSTEE	0.70	Director	$0	$0	$0
MR JAMES L JENNINGS	TRUSTEE	1.80	Director	$0	$0	$0
MR SCOTT L JONES	TRUSTEE	1.60	Director	$0	$0	$0
MR KI HO KANG	TRUSTEE	1.00	Director	$0	$0	$0
DR THOMAS J LASLEY II	TRUSTEE	1.20	Director	$0	$0	$0
MAJ GEN RET EDWARD P MAXWELL	TRUSTEE	1.00	Director	$0	$0	$0
COL RET DONALD R MCMONAGLE	TRUSTEE	0.80	Director	$0	$0	$0
MAJ GEN RET BRIAN C NEWBY	TRUSTEE (END 08/23)	1.10	Director	$0	$0	$0
MS NOEL NOLTA	TRUSTEE (START 08/23)	0.50	Director	$0	$0	$0
GEN RET GARY L NORTH	TRUSTEE	0.90	Director	$0	$0	$0
DR MARTIQUA L POST	TRUSTEE (START 03/23)	0.60	Director	$0	$0	$0
MR EDGAR M PURVIS JR	TRUSTEE	1.30	Director	$0	$0	$0
MAJ GEN RET FREDERICK F	ROGGERO TRUSTEE	1.80	Director	$0	$0	$0
MAJ GEN RET CARL M SKINNER	TRUSTEE	1.20	Director	$0	$0	$0
MS TRICA SLOAN	TRUSTEE (START 11/23)	0.20	Director	$0	$0	$0
CMSGT RET DARLA J TORRES	TRUSTEE (END 05/23)	0.20	Director	$0	$0	$0
MR RANDY TYMOFICHUK	TRUSTEE	0.50	Director	$0	$0	$0
MS PATRICIA YOUNG	TRUSTEE (START 05/23)	0.60	Director	$0	$0	$0
DR RORIE CARTIER	CEO	50.00	Officer	$221,580	$18,072	$239,652
MR CHRISTOPHER ADKINS-LAMB	CHIEF DEVELOPMENT OFFICER	50.00	Key Emp	$159,604	$19,260	$178,864
MS MELINDA K LAWRENCE	DIRECTOR, RETAIL	50.00	Highest	$105,719	$5,705	$111,424

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,039,782	$6,992,075	$30,114,151	$3,047,707
2022	$7,502,072	$6,129,529	$25,737,965	$1,372,543
2021	$8,102,292	$4,319,626	$28,184,823	$3,782,666
2020	$4,433,103	$3,949,121	$22,981,510	$483,982
2019	$6,142,569	$4,661,226	$21,803,106	$1,481,343
2018	$7,189,614	$3,848,890	$18,993,411	$3,340,724

THE AIR FORCE MUSEUM FOUNDATION INC