THE KALAMAZOO AVIATION HISTORY MUSEUM

EIN: 382144402 501(c)(3)

PORTAGE, MI

Total Revenue
$6,902,761
Total Expenses
$6,739,921
Total Assets
$18,270,580
Net Assets
$16,909,610
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MI
Principal Officer
TROY A THRASH
Phone
2693826555
Tax Period
2023-01-01 to 2023-12-31

THE KALAMAZOO AVIATION HISTORY MUSEUM, founded in 1977, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $16.9M represent 29 months of operating reserves.

Mission

IGNITE CURIOSITY, CELEBRATE INNOVATION, AND CONNECT HISOTRY AND SCIENCE THROUGH PAST, PRESENT, AND FUTURE DREAMS OF FLIGHT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,131,044
Program Service Revenue $2,236,964
Investment Income $46,256
Other Revenue $488,497
TOTAL REVENUE $6,902,761

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,163,376
Fundraising Expenses $277,945
Program Expenses $5,149,324
Other Expenses $3,576,545
TOTAL EXPENSES $6,739,921

Year-over-Year Comparison

2023 2022 Change
Revenue $6,902,761 $5,668,255 +0.2%
Expenses $6,739,921 $5,897,592 +0.1%
Net Income $162,840 $-229,337 -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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Governance

Voting Members
14
Independent Members
14
Employees
132
Volunteers
150

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
6
$330,299
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY CULP CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DONALD R PARFET VICE-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JANICE M BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
CLIFF MULDER TREASURER 1.00
Officer Director
$0 $0 $0
DAVID J CAMPBELL TRUSTEE 1.00
Director
$0 $0 $0
RANDALL W EBERTS TRUSTEE 1.00
Director
$0 $0 $0
JUDY K JOLLIFFE TRUSTEE 1.00
Director
$0 $0 $0
HEATHER OESTRIKE TRUSTEE 1.00
Director
$0 $0 $0
PRESTON PARISH TRUSTEE 1.00
Director
$0 $0 $0
KELLY PARRISH TRUSTEE 1.00
Director
$0 $0 $0
JAMIE PLEUNE TRUSTEE 1.00
Director
$0 $0 $0
MARC A SCHUPAN TRUSTEE 1.00
Director
$0 $0 $0
CLARENCE LLOYD TRUSTEE 1.00
Director
$0 $0 $0
RITA RAICHOUDHURI TRUSTEE 1.00
Director
$0 $0 $0
TROY A THRASH PRESIDENT/CEO 40.00
Officer
$230,944 $18,629 $249,573
DAVID ULLREY DIRECTOR OF FINANCE 40.00
Officer
$80,726 $0 $80,726
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 $6,902,761 $6,739,921 $18,270,580 $162,840
2022 $5,668,255 $5,897,592 $18,548,506 $-229,337
2021 $5,451,685 $5,079,864 $17,581,493 $371,821
2020 $4,379,956 $4,669,179 $17,058,166 $-289,223
2019 $5,000,936 $5,136,130 $17,409,478 $-135,194
2018 $4,183,564 $5,107,430 $17,503,285 $-923,866
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