WACO Historical Society

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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

1978

Legal Domicile

Principal Officer

JIM MCGARRY

Phone

9373359226

Tax Period

2025-01-01 to 2025-12-31

WACO Historical Society, founded in 1978, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $914K, a strong 73% operating margin.

Mission

PRESERVE THE AVIATION HISTORY OF THE WEAVER AIRCRAFT COMPANY

Program Service Accomplishments

Program 1

Expenses: $303,890 Revenue: $31,413

The WACO Historical Society was organized to preserve the history and aircraft of the WACO Aircraft Company, to educate students in science, math, history and technology using aviation themes and...

The WACO Historical Society was organized to preserve the history and aircraft of the WACO Aircraft Company, to educate students in science, math, history and technology using aviation themes and projects, and to provide community service through public and private community events. The historical collection consists of documents, photos, original and replica aircraft and aviation artifacts. The Learning Center program consists of courses and projects geared to young people and adults to encourage interest in aviation and science and history.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,183,206

Program Service Revenue $3,593

Investment Income $3,148

Other Revenue $63,032

TOTAL REVENUE $1,252,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,463

Fundraising Expenses $12,732

Program Expenses $303,890

Other Expenses $253,785

TOTAL EXPENSES $339,248

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,252,979	$457,735	+1.7%
Expenses	$339,248	$278,413	+0.2%
Net Income	$913,731	$179,322	+4.1%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY WAGNER	RECORDING SECRETARY	10.00	Officer Director	$0	$0	$0
NICHOLAS NOLAN	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID BUCHER	TRUSTEE	8.00	Director	$0	$0	$0
JIM MCGARRY	PRESIDENT	10.00	Officer Director	$0	$0	$0
BILL SLAGLE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN SCHILLING	TRUSTEE	5.00	Director	$0	$0	$0
BOB EYINK	TRUSTEE	2.00	Director	$0	$0	$0
TOM HAYDON	TRUSTEE	2.00	Director	$0	$0	$0
RUSS BERRY	TRUSTEE	2.00	Director	$0	$0	$0
Alex Skiba	Trustee	2.00	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
2025	$1,252,979	$339,248	$5,238,564	$913,731
2024	No data	No data	No data	No data
2023	$635,338	$310,615	$3,951,360	$324,723
2022	$349,274	$220,949	$3,647,303	$128,325
2021	$429,736	$238,941	$3,668,062	$190,795
2020	$198,537	$179,201	$3,524,663	$19,336
2019	$390,210	$170,687	$3,444,466	$219,523
2018	$449,768	$187,737	$3,095,853	$262,031