DAKOTA TERRITORY AIR MUSEUM (EIN 363463201) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

DONALD LARSON

Phone

7018528500

Tax Period

2023-01-01 to 2023-12-31

DAKOTA TERRITORY AIR MUSEUM, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 584% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 87% operating margin.

Mission

TO PRESERVE HISTORICAL AIRCRAFT FROM THROUGHOUT HISTORY AND EDUCATE THE PUBLIC REGARDING AVIATION IMPACT ON THE COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,300,393

Program Service Revenue $0

Investment Income $85,176

Other Revenue $10,576

TOTAL REVENUE $2,396,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,647

Fundraising Expenses $0

Program Expenses $215,885

Other Expenses $215,885

TOTAL EXPENSES $307,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,396,145	$350,101	+5.8%
Expenses	$307,532	$421,270	-0.3%
Net Income	$2,088,613	$-71,169	-30.3%

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

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
DON LARSON	TREASURER	20.00	Officer Director	$0	$0	$0
RICH LARCOMBE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WARREN PIETSCH	DIRECTOR	5.00	Director	$0	$0	$0
MIKE CHILSON	DIRECTOR	5.00	Director	$0	$0	$0
LEE KELLER	DIRECTOR	4.00	Director	$0	$0	$0
AUSTIN GREENHECK	DIRECTOR	4.00	Director	$0	$0	$0
ROD LOKEN	DIRECTOR	4.00	Director	$0	$0	$0
DUANE HAUGSTAD	DIRECTOR	4.00	Director	$0	$0	$0
GARY JOHNSON	DIRECTOR	4.00	Director	$0	$0	$0
BRIAN STURM	DIRECTOR	4.00	Director	$0	$0	$0
SAMANTHA BLESSUM	DIRECTOR	4.00	Director	$0	$0	$0
JONATHON RUED	SECRETARY	4.00	Officer Director	$0	$0	$0
LARRY LINRUD	PRESIDENT	4.00	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	No data	No data	No data	No data
2023	$2,396,145	$307,532	$5,779,802	$2,088,613
2022	$350,101	$421,270	$3,690,956	$-71,169
2021	$358,302	$385,311	$3,761,090	$-27,009
2020	$452,309	$385,099	$3,788,755	$67,210

DAKOTA TERRITORY AIR MUSEUM