AIRPORT FOUNDATION MSP (EIN 364088129) - 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

1982

Legal Domicile

Principal Officer

JANA WEBSTER

Phone

6127265235

Tax Period

2024-01-01 to 2024-12-31

AIRPORT FOUNDATION MSP, founded in 1982, is a community nonprofit in the Environment sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ELEVATE THE TRAVEL EXPERIENCE AND SUPPORT THE AVIATION 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 (2024)

Revenue Breakdown

Contributions & Grants $769,761

Program Service Revenue $708,427

Investment Income $2,367

Other Revenue $346,799

TOTAL REVENUE $1,827,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,443,932

Fundraising Expenses $43,669

Program Expenses $1,694,577

Other Expenses $577,394

TOTAL EXPENSES $2,021,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,827,354	$1,623,106	+0.1%
Expenses	$2,021,326	$1,693,792	+0.2%
Net Income	$-193,972	$-70,686	+1.7%

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

550

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

$183,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATY BARRETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN BOIVIN	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICH GINSBERG	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS PROBST	TREASURER	1.00	Officer Director	$0	$0	$0
NATASHA FREIMARK	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERRI MULLERY	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN BENNETT MCGINTY	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BRENER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL DEEF	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN SCALLEN FAILOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE FLAWS	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
NATASHA FREIMARK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY FUHRMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BUTCH HOWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAIMEE LUCKE HENDRIKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN KROELLS	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB MCNANEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS SCHULSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN J WAGNER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE WAREHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE WINSTEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
JANA WEBSTER	PRESIDENT & CEO	40.00	Officer	$163,591	$20,234	$183,825

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	$1,827,354	$2,021,326	$882,971	$-193,972
2023	$1,623,106	$1,693,792	$957,741	$-70,686
2022	$1,347,175	$1,602,700	$997,123	$-255,525
2021	$1,840,642	$1,369,942	$1,284,659	$470,700
2020	$1,324,223	$1,118,606	$950,360	$205,617
2019	$1,351,717	$1,364,186	$561,945	$-12,469
2018	$1,295,503	$1,270,937	$530,243	$24,566

AIRPORT FOUNDATION MSP