AIRPORT FOUNDATION MSP

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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

2025-01-01 to 2025-12-31

AIRPORT FOUNDATION MSP, founded in 1982, is a community nonprofit in the Environment sector that reported $2.1M in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ELEVATE THE TRAVEL EXPERIENCE AND SUPPORT THE AVIATION COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $668,392

TRAVELERS ASSISTANCE - THIS PROGRAM IS STAFFED BY NEARLY 600 VOLUNTEERS AND SUPERVISED BY PAID STAFF, ASSISTS TRAVELERS AT MSP INTERNATIONAL AIRPORT WITH WAY-FINDING, TOURISM INFORMATION, FLIGHT...

TRAVELERS ASSISTANCE - THIS PROGRAM IS STAFFED BY NEARLY 600 VOLUNTEERS AND SUPERVISED BY PAID STAFF, ASSISTS TRAVELERS AT MSP INTERNATIONAL AIRPORT WITH WAY-FINDING, TOURISM INFORMATION, FLIGHT INFORMATION, AND SPECIAL ASSISTANCE REQUESTS FROM LOCAL AGENCIES, AIRPORT TENANTS, AND TRAVELERS AND THEIR FAMILIES.

Program 2

Expenses: $991,633

ARTS AND CULTURE - THE ARTS AND CULTURE PROGRAM SHOWCASES ARTISTIC TALENTS AND CULTURAL HIGHLIGHTS OF THE MINNESOTA REGION BY PARTNERING WITH LOCAL ORGANIZATIONS TO PROVIDE PERFORMING ARTS, ROTATING...

Program 3

Expenses: $26,511

CONTRIBUTIONS AND BEAUTIFICATION- THE FOUNDATION CONTRIBUTES TO PROJECTS WHICH ENHANCE AND BEAUTIFY AIRPORT FACILITIES. PROJECTS HAVE INCLUDED: HOLIDAY LIGHTING, ARTWORK, LANDSCAPING, FLOWER BASKETS, THE AVIATION HISTORY CENTER, CHILDREN'S PLAY AREAS, AED'S (DIFIBRILLATORS) WELCOME SIGNAGE. GRANTS ARE MADE TO AVIATION RELATED 501 C3 ORGANIZATIONS WHICH SUPPORT CAREER PATHWAYS IN AVIATION, AVIATION HISTORY AND EDUCATION, AND COMMUNITY AVIATION EVENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,045,464

Program Service Revenue $764,947

Investment Income $5,766

Other Revenue $291,237

TOTAL REVENUE $2,107,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,710,338

Fundraising Expenses $51,089

Program Expenses $1,928,394

Other Expenses $536,440

TOTAL EXPENSES $2,246,778

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,107,414	$1,827,354	+0.2%
Expenses	$2,246,778	$2,021,326	+0.1%
Net Income	$-139,364	$-193,972	-0.3%

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

572

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

$199,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN BOIVIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS PROBST	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICH GINSBERG	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATASHA FREIMARK	TREASURER	1.00	Officer Director	$0	$0	$0
PAT HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KATY BARRETT	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BRENER	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN SCALLEN FAILOR	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY FUHRMANN	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
MAUREEN HOOLEY BAUSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE BERNHJELM	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRI MULLERY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN SUTTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANA WEBSTER	PRESIDENT & CEO	40.00	Officer	$172,542	$26,841	$199,383

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	$2,107,414	$2,246,778	$743,806	$-139,364
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