YANKEE AIR FORCE INC (EIN 382387453) - 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

1981

Legal Domicile

Principal Officer

LES KLIMA

Phone

7344834030

Tax Period

2023-01-01 to 2023-12-31

YANKEE AIR FORCE INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 39% operating deficit.

Mission

YANKEE AIR FORCE, INC. PRESERVES AND RESTORES AIRCRAFT FOR HISTORICAL AND EDUCATIONAL PURPOSES.

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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 $892,525

Program Service Revenue $2,332,117

Investment Income $-401,867

Other Revenue $188,318

TOTAL REVENUE $3,011,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $819,029

Fundraising Expenses $32,738

Program Expenses $3,557,778

Other Expenses $3,351,847

TOTAL EXPENSES $4,170,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,011,093	$3,566,237	-0.2%
Expenses	$4,170,876	$3,975,888	+0.0%
Net Income	$-1,159,783	$-409,651	+1.8%

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

163

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

$209,446

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN WALSH	EXECUTIVE DI	40.00	Officer	$115,000	$0	$115,000
LES KLIMA	CONTROLLER/C	40.00	Officer	$94,446	$0	$94,446
ROB BOVITZ	DIRECTOR	5.00	Director	$0	$0	$0
KELLY BURRIS	DIRECTOR	5.00	Director	$0	$0	$0
DELANE BUTTACAVOLI	DIRECTOR	5.00	Director	$0	$0	$0
PETER DELOOF	DIRECTOR	5.00	Director	$0	$0	$0
ERIC FURLOTTE	DIRECTOR	5.00	Director	$0	$0	$0
JAMES HARLESS	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN HIGGINS	DIRECTOR	5.00	Director	$0	$0	$0
RANDY HOTTON	TREASURER	5.00	Officer Director	$0	$0	$0
RAYMOND HUNTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEITH MASSERANG	DIRECTOR	5.00	Director	$0	$0	$0
DAVID R STEINER	SECRETARY	5.00	Officer Director	$0	$0	$0
ELLSWORTH STOUT	DIRECTOR	5.00	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
2023	$3,244,970	$4,164,587	$14,680,752	$-919,617
2023	$3,011,093	$4,170,876	$14,438,001	$-1,159,783
2022	$3,566,237	$3,975,888	$15,389,630	$-409,651
2021	$-1,519,297	$3,141,045	$14,568,941	$-4,660,342
2020	$1,900,676	$1,792,882	$9,880,009	$107,794
2019	$3,270,877	$2,715,293	$8,610,145	$555,584
2018	$4,626,434	$2,745,591	$7,967,111	$1,880,843

YANKEE AIR FORCE INC