INTERNATIONAL WOMEN'S AIR & SPACE MUSEUM INC

EIN: 310889469 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$207,319
Total Expenses
$162,420
Total Assets
$778,130
Net Assets
$560,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
OH
Principal Officer
MARCY FRUMKER
Phone
2166231111
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL WOMEN'S AIR & SPACE MUSEUM INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 22% operating margin.

Mission

THE MISSION OF THE INTERNATIONAL WOMEN'S AIR & SPACE MUSEUM IS TO COLLECT, PRESERVE, AND SHOWCASE THE HISTORY AND CULTURE OF WOMEN IN ALL AREAS OF AVIATION & AEROSPACE; EDUCATE PEOPLE OF THE WORLD ABOUT THEIR CONTRIBUTIONS; AND INSPIRE FUTURE GENERATIONS BY BRINGING THE HISTORY TO LIFE.

Program Service Accomplishments

Program 1
Expenses: $31,950 Revenue: $2,011

COLLECTIONS IWASM'S COLLECTION CONTAINS APPROXIMATELY 20,000 HISTORICAL AND CULTURAL OBJECTS, PHOTOGRAPHS, ARCHIVAL MATERIALS, AND BOOKS RELATING TO THE CONTRIBUTIONS AND HISTORY OF WOMEN IN AIR AND...

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COLLECTIONS IWASM'S COLLECTION CONTAINS APPROXIMATELY 20,000 HISTORICAL AND CULTURAL OBJECTS, PHOTOGRAPHS, ARCHIVAL MATERIALS, AND BOOKS RELATING TO THE CONTRIBUTIONS AND HISTORY OF WOMEN IN AIR AND SPACE. IN ADDITION, OUR REFERENCE ARCHIVE HOLDS MORE THAN 6,000 ITEMS. THE EARLIEST ITEMS IN THE COLLECTION DATE TO APPROXIMATELY 1880 AND IWASM IS AN ACTIVELY COLLECTING INSTITUTION FOR CONTEMPORARY COLLECTIONS. IN TOTAL, THE MUSEUM'S COLLECTIONS DOCUMENT THE LIVES AND CAREERS OF WOMEN IN ALL AREAS OF AVIATION AND AEROSPACE INCLUDING PILOTS, AIR TRAFFIC CONTROLLERS, ENGINEERS, FLIGHT ATTENDANTS, ASTRONAUTS, BALLOONISTS, AND MORE. IN 2023, THE ORGANIZATION CONTINUED ITS PROGRESS ON A COLLECTIONS INVENTORY AND REHOUSING PROJECT SUPPORTED BY THE NATIONAL ENDOWMENT FOR THE HUMANITIES (NEH); PROJECT PERIOD 11/1/2022-3/31/2024. THANKS TO THIS FUNDING, THE MUSEUM WILL ENHANCE AND UPDATE ITS COLLECTIONS STORAGE ENVIRONMENTS TO ENSURE THAT ITEMS CAN BE BETTER ACCESSED. ONE SUCH METHOD OF ACCESS IF THROUGH EXHIBITS AND TO FACILITATE ORGANIZATIONAL RESEARCH, PROVIDING EDUCATIONAL PROGRAMMING, AND AS RESOURCES FOR EXTERNAL RESEARCHERS. NOT ALL IWASM COLLECTIONS ARE ACCESSIBLE ONLINE. WHAT ARE, CAN BE FOUND BY VISITING: WWW.IWASM.OMEKA.NET

Program 2
Expenses: $34,950 Revenue: $10,879

EDUCATION IWASM STRIVES TO SERVE ITS COMMUNITIES THROUGH VARIOUS EDUCATIONAL MEANS. THIS INCLUDES OFFERING: -CHILDREN'S PROGRAMS: AVIATION ADVENTURES AND QUEST FOR THE STARS -ROCKET DAY (AGES 4-12)...

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EDUCATION IWASM STRIVES TO SERVE ITS COMMUNITIES THROUGH VARIOUS EDUCATIONAL MEANS. THIS INCLUDES OFFERING: -CHILDREN'S PROGRAMS: AVIATION ADVENTURES AND QUEST FOR THE STARS -ROCKET DAY (AGES 4-12) -WOW STEM CONFERENCE (AGES 14-18) -DINNER WITH A SLICE OF HISTORY, GRANT FUNDED (ADULT LEARNERS) -VIRTUAL PROGRAMS -ADULT SPEAKERS' BUREAU PROGRAMS IN 2021, WE BEGAN BENCHMARKING EDUCATIONAL PROGRAMS AGAINST STATE AND NATIONAL STANDARDS. FOR THE FIRST TIME, WE BEGAN ASSESSING THE NEEDS OF TEACHERS AND SCHOOLS AND STRATEGIZING HOW BEST TO COMPLIMENT WHAT SCHOOLS ARE ALREADY EXPECTED TO COVER IN SOCIAL STUDIES, SCIENCE, AND ENGLISH- LANGUAGE ARTS. FOR DESCRIPTIONS AND EXAMPLE OF EDUCATIONAL PROGRAMS OFFERED SINCE JANUARY 2021, VISIT: WWW.IWASM.ORG/WP-BLOG/EVENTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $129,856
Program Service Revenue $10,879
Investment Income $47,811
Other Revenue $18,773
TOTAL REVENUE $207,319

Expense Breakdown

Grants Paid $1,100
Salaries & Benefits $71,313
Fundraising Expenses $11,361
Program Expenses $66,900
Other Expenses $90,007
TOTAL EXPENSES $162,420

Year-over-Year Comparison

2024 2023 Change
Revenue $207,319 $299,673 -0.3%
Expenses $162,420 $169,131 0.0%
Net Income $44,899 $130,542 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
30

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
5
$45,424
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA FISHER EXECUTIVE DI 40.00
Officer
$45,424 $0 $45,424
TERESA ANDREANI EVP/TRUSTEE 2.00
Officer Director
$0 $0 $0
HILLARY BUTLER TRUSTEE 1.00
Director
$0 $0 $0
CARMELLA CADUSALE TRUSTEE, RES 1.00
Director
$0 $0 $0
MARCY FRUMKER PRESIDENT 2.00
Officer Director
$0 $0 $0
BILLIE GEYER TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN LAU TRUSTEE 1.00
Director
$0 $0 $0
TONI MULLEE TRUSTEE 1.00
Director
$0 $0 $0
DEB PERELMAN TRUSTEE 1.00
Director
$0 $0 $0
MELISSA STEPHENSON SECRETARY 1.00
Officer 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
2024 $207,319 $162,420 $778,130 $44,899
2023 $299,673 $169,131 $779,610 $130,542
2022 $160,192 $170,886 $382,696 $-10,694
2021 $56,072 $139,333 $408,110 $-83,261
2020 $336,168 $153,229 $491,304 $182,939
2019 $160,207 $163,799 $309,477 $-3,592
2018 $151,562 $152,038 $312,585 $-476
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