CANTON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MILITARY AVIATION PRESERVATION SOCIETY, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $857K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $185K, a strong 22% operating margin.
MAINTAIN A MILITARY AVIATION MUSEUM FOR THE PURPOSES OF ACTIVELY PRESERVING THE HISTORIC AIRCRAFT, RAISING COMMUNITY AWARENESS OF AND EDUCATING THE PUBLIC ON THE HISTORY OF MILITARY AVIATION
RESTORATION AND PRESERVATION OF MILITARY AIRCRAFT AND MAINTENANCE OF AN AIRCRAFT MUSEUM FACILITY FOR THE PURPOSE OF DISPLAYING HISTORICALLY SIGNIFICANT MEMORIALS AND AIRCRAFT DISPLAYS. THE MUSEUM IS...
RESTORATION AND PRESERVATION OF MILITARY AIRCRAFT AND MAINTENANCE OF AN AIRCRAFT MUSEUM FACILITY FOR THE PURPOSE OF DISPLAYING HISTORICALLY SIGNIFICANT MEMORIALS AND AIRCRAFT DISPLAYS. THE MUSEUM IS OPEN TO THE PUBLIC. RESTORATION LABOR, MUSEUM GUIDES, FACILITY MAINTENANCE AND GIFT SHOP ATTENDANTS ARE MADE UP OF APPROXIMATELY 120 VOLUNTEERS WHO PROVIDED SERVICE HOURS OF 445,064 DURING 2023 AT NO COST TO THE ORGANIZATION. 2ND FLOOR KITCHEN&BANQUET HALL,RESTROOM RENOVATIONS WITH HVAC & OBSERVATION WINDOWS AND CLASSROOM RENOVATIONS/EQUIPMENT WERE COMPLETED OVER 2018-2020. 2ND FLOOR RENOVATIONS WITH BAR/DINING AREA COMPLETED IN 2021. WORK BEGUN IN 2023 FOR DISPLAY OF A SIGNFICANT DONATION OF ARTIFACTS FROM THE BOB HOPE FOUNDATION. FLIGHT SIMULATORS REPLACED IN THE TRAINING ROOM WITH MAPS FUNDS. THE CURATOR FUND WAS ACTIVE IN UPGRADING DISPLAY CASES, GRAPHICS DISPLAYS, INCLUDING TABLES AND CHAIRS FOR THE BANQUET HALL AND ADDITIONAL ENHANCEMENTS TO THE KOREAN/VIETNAM DISPLAY WITH LINDH FAMILY FOUNDATION FUNDS. ROOF RENOVATIONS IN RESTORATION BUILDING AND THE MAIN HANGAR PROJECT BEGAN IN 2020 IS NOW COMPLETED IN 2023. POWER STATION REPLACEMENT WITH TRANSFORMERS SUBSTATION, MOTOR POOL AND SHED PROJECTS ARE TO BE COMPLETED IN 2024.
AIRCRAFT RESTORATION, TOOLING, LIBRARY AND MEMORIAL DISPLAYS FOR DESIGNATED MUSEUM RESTORATIONS ESTABLISHED FOR A MULTIPURPOSE EDUCATIONAL FACILITY INCLUDING HANDS ON AVIATION RELATED PRESENTATIONS...
AIRCRAFT RESTORATION, TOOLING, LIBRARY AND MEMORIAL DISPLAYS FOR DESIGNATED MUSEUM RESTORATIONS ESTABLISHED FOR A MULTIPURPOSE EDUCATIONAL FACILITY INCLUDING HANDS ON AVIATION RELATED PRESENTATIONS AND AUDIO VISUAL PROGRAMS. SEVERAL NEW DISPLAYS WERE COMPLETED AND UPDATED TO WITH THE USE OF GRANTS FROM THE SUPPORTING ORGANIZATIONS. FIVE NEW AIRCRAFT INCLUDING OV-1, PITTS SPECIAL,F102, F86A AND C47 ARE NEW ADDITIONS TO THE RESTORATION COLLECTION DURING 2019/2020 AND RESTORATIONS ARE CURRENTLY UNDERWAY. IN 2021, AN F7U NAVAL AIRCRAFT WAS ACQUIRED AND RESOTRATIONS ARE UNDERWAY. A NEW RESTORATION PROJECT ACQUIRED IN 2023 FOR THE MUSEUM COLLECTION C130 HERCULES AIRCRAFT FROM GOVERNMENT SURPLUS. MAPS PARTICIPATES IN SEVERAL COMMUNITY EVENTS SUCH AS PARADES, PICNICS, AIRSHOWS, SCOUTING, VETERANS PROGRAMS AND OHIO NATIONAL GUARD FOOD DRIVES. .
EDUCATING THE PUBLIC ON THE HISTORY OF MILITARY AVIATION AND ITS IMPACT ON SOCIETY. THIS IS ACCOMPLISHED THROUGH THE OPERATIONS OF THE AVIATION MUSEUM FOR THE GENERAL PUBLIC ALONG WITH SPECIFIC...
EDUCATING THE PUBLIC ON THE HISTORY OF MILITARY AVIATION AND ITS IMPACT ON SOCIETY. THIS IS ACCOMPLISHED THROUGH THE OPERATIONS OF THE AVIATION MUSEUM FOR THE GENERAL PUBLIC ALONG WITH SPECIFIC PROGRAMS FOR GROUPS SUCH AS HIGH SCHOOL US HISTORY CLASSES, BOY SCOUTS, AND OTHER SUCH YOUNG PEOPLES' ORGANIZATIONS. SEVERAL VETERANS PROGRAMS AND SPECIAL CELEBRATIONS ARE ALSO HELD EACH YEAR. MAPS CHARTERS A CUB SCOUT GROUP AND SPONSORS SPECIAL GROUP EVENTS FOR THE ALL AGE SCOUTS. MEMBERSHIP INCLUDES 231 LIFETIME MEMBERSHIPS. EDUCATION PROGRAMS ARE SUPPORTED WITH GRANT FUNDS LOUISE TIMKEN FOUNDATION, AKRON COMMUNITY FOUNDATION. MAPS OFFERS OPPORTUNITIES FOR STUDENTS WITH INTERNSHIPS AND FIELD TRIPS FOR SCHOOL GROUPS TO TOUR THE MUSEUM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $857,232 | $768,851 | +0.1% |
| Expenses | $672,133 | $560,442 | +0.2% |
| Net Income | $185,099 | $208,409 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIM KOVESCI | EXECUTIVE DI | 40.00 |
Director
|
$52,000 | $0 | $52,000 |
| REED KIMBALL | DIRECTOR ED | 5.00 |
Officer
|
$32,000 | $0 | $32,000 |
| DENNIS BACHTEL | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| BILL CODY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HOLLIS | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JIM JACKSON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| VALERIE KINNEY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| KEN RAMSAY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ROGER HERBST | TREASURER | 10.00 |
Officer
|
$0 | $0 | $0 |
| ROBERT SCHWARTZ | CHAIRMAN | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $857,232 | $672,133 | $2,792,471 | $185,099 |
| 2022 | $768,851 | $560,442 | $2,561,757 | $208,409 |
| 2021 | $595,284 | $477,392 | $2,251,919 | $117,892 |
| 2020 | $591,940 | $491,089 | $2,116,794 | $100,851 |
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