MILITARY AVIATION PRESERVATION SOCIETY (EIN 341651715) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

ROBERT SCHWARTZ

Phone

3308966332

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $416,288

Program Service Revenue $295,158

Investment Income $23,784

Other Revenue $122,002

TOTAL REVENUE $857,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,947

Fundraising Expenses $16,406

Program Expenses $553,137

Other Expenses $514,186

TOTAL EXPENSES $672,133

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

825

Employees

Volunteers

120

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

$32,000

Total Directors

$52,000

Key Employees

Highest Compensated

reported

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

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	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

MILITARY AVIATION PRESERVATION SOCIETY