NATIONAL STEARMAN FOUNDATION INC (EIN 371372053) - 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

1998

Legal Domicile

Principal Officer

Stu Olmsted

Phone

3093436409

Tax Period

2025-01-01 to 2025-12-31

NATIONAL STEARMAN FOUNDATION INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $104K in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 51% operating margin.

Mission

TO PRESERVE AND DISPLAY HISTORICAL STEARMAN AIRCRAFTAND EDUCATE THE PUBLIC ABOUT THEIR ROLE IN DEFENDING OUR COUNTRY. IN ADDITION THE ORGANIZATION PROVIDES A BUILDING FOR THE ANNUAL NATIONAL STEARMAN FLY-IN.

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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 $91,584

Program Service Revenue $0

Investment Income $12,138

Other Revenue $369

TOTAL REVENUE $104,091

Expense Breakdown

Grants Paid $1,036

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,444

Other Expenses $50,390

TOTAL EXPENSES $51,426

Year-over-Year Comparison

	2025	2024	Change
Revenue	$104,091	$73,854	+0.4%
Expenses	$51,426	$57,664	-0.1%
Net Income	$52,665	$16,190	+2.3%

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

N/A

Volunteers

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
PHILIP WOLFORD	PRESIDENT	4.00	Officer Director	$0	$0	$0
JEANNE CONLON	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
BEN MCMAHAN	SECRETARY-TREASURER	6.00	Officer Director	$0	$0	$0
DAVID CHRISTENSEN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TYE HAMMERLE	DIRECTOR	1.00	Director	$0	$0	$0
STU OLMSTED	DIRECTOR	2.00	Director	$0	$0	$0
TRENT COX	DIRECTOR	1.00	Director	$0	$0	$0
HARREL TIMMONS	DIRECTOR EMERITUS	2.00	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
2025	$104,091	$51,426	$1,420,016	$52,665
2024	No data	No data	No data	No data
2023	$252,502	$41,931	$1,338,060	$210,571
2022	$116,437	$24,853	$1,114,962	$91,584
2021	$504,468	$12,299	$1,043,737	$492,169
2020	$191,767	$5,322	$535,623	$186,445

NATIONAL STEARMAN FOUNDATION INC