PALM SPRINGS AIR MUSEUM INC

EIN: 330615350 501(c)(3) Arts, Culture & Humanities

PALM SPRINGS, CA

Total Revenue
$5,949,556
Total Expenses
$4,726,862
Total Assets
$28,829,135
Net Assets
$26,394,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Phone
7607786262
Tax Period
2024-09-01 to 2025-08-31

PALM SPRINGS AIR MUSEUM INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF WORLD WAR II AND KOREAN AND VIETNAM WARS AIRCRAFT AND ARTIFACTS.

Program Service Accomplishments

Program 1
Expenses: $3,483,165

TO EDUCATE THE PUBLIC, INCLUDING THE YOUNG ABOUT THE HISTORY OF WORLD WAR II AND KOREAN AND VIETNAM WARS AIRCRAFT AND ARTIFACTS, AND TO HONOR THE VETERANS OF THOSE WARS. ALSO TO RESTORE, PRESERVE AND...

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TO EDUCATE THE PUBLIC, INCLUDING THE YOUNG ABOUT THE HISTORY OF WORLD WAR II AND KOREAN AND VIETNAM WARS AIRCRAFT AND ARTIFACTS, AND TO HONOR THE VETERANS OF THOSE WARS. ALSO TO RESTORE, PRESERVE AND OPERATE AMERICA'S LEGENDARY FIGHTERS, BOMBERS AND TRAINERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,208,640
Program Service Revenue $2,348,229
Investment Income $58,005
Other Revenue $334,682
TOTAL REVENUE $5,949,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,133,803
Fundraising Expenses $50,506
Program Expenses $3,483,165
Other Expenses $3,593,059
TOTAL EXPENSES $4,726,862

Year-over-Year Comparison

2024 2023 Change
Revenue $5,949,556 $5,906,509 +0.0%
Expenses $4,726,862 $4,654,934 +0.0%
Net Income $1,222,694 $1,251,575 0.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
24
Employees
21
Volunteers
304

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
4
$165,000
Total Directors
28
$165,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED BELL Chairman 40.00
Officer Director
$165,000 $0 $165,000
GARY ANNUNZIATA DO Director 2.00
Director
$0 $0 $0
WILLIAM BRAMER Treasurer 4.00
Officer Director
$0 $0 $0
DAN GILBERTSON Chairman 2.00
Officer Director
$0 $0 $0
FRANK CASTNER Director 2.00
Director
$0 $0 $0
WILLIAM HUGHES Director 2.00
Director
$0 $0 $0
JAMES KAPLAN Director 2.00
Director
$0 $0 $0
FRED JANDT Director 2.00
Director
$0 $0 $0
FREDERICK NOBLE Chairman 2.00
Director
$0 $0 $0
WILLIAM PAGE MD Director 2.00
Director
$0 $0 $0
DAVID THOMPSON DDS Director 2.00
Director
$0 $0 $0
ROD VANDENBOS Director 2.00
Director
$0 $0 $0
JOHN PARKER Director 2.00
Director
$0 $0 $0
CARL SCHOLL Director 2.00
Director
$0 $0 $0
ANDY JESSUP Director 2.00
Director
$0 $0 $0
VICTOR WOLF Director 2.00
Director
$0 $0 $0
ROBERT GILLILAND Director 2.00
Director
$0 $0 $0
TODD HOOKS Director 2.00
Director
$0 $0 $0
KAREN MILES Director 2.00
Director
$0 $0 $0
LINDA EVANS Director 2.00
Director
$0 $0 $0
TIM GOULET Director 2.00
Director
$0 $0 $0
RICHARD SHALHOUB Chairman 2.00
Officer Director
$0 $0 $0
GREG FEEST Director 2.00
Director
$0 $0 $0
JEANNIE LEAVITT Director 2.00
Director
$0 $0 $0
CRAIG LEAVITT Director 2.00
Director
$0 $0 $0
TODD MARKER Director 2.00
Director
$0 $0 $0
GLENN MILLER Director 2.00
Director
$0 $0 $0
CAROL TALLICHET Director 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 $5,949,556 $4,726,862 $28,829,135 $1,222,694
2024 $5,906,509 $4,654,934 $25,962,550 $1,251,575
2023 $8,555,974 $4,423,219 $24,632,485 $4,132,755
2022 $5,160,584 $4,006,543 $20,548,882 $1,154,041
2021 $4,065,534 $2,748,596 $19,941,551 $1,316,938
2020 $2,855,881 $2,755,164 $17,945,060 $100,717
2019 $3,840,958 $3,035,214 $17,423,781 $805,744
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