INTERNATIONAL COUNCIL OF AIR SHOWS FOUNDATION (EIN 382885409) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

ROBERTA THOMPSON

Phone

7037798510

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL COUNCIL OF AIR SHOWS FOUNDATION is a small nonprofit that reported $214K in total revenue in fiscal year 2021. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $318K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO RECOGNIZE AND PRESERVE THE LEGACY OF THE AERIAL PERFORMER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $94,048

Program Service Revenue $0

Investment Income $3,779

Other Revenue $0

TOTAL REVENUE $97,827

Expense Breakdown

Grants Paid $6,500

Salaries & Benefits $0

Fundraising Expenses $482

Program Expenses $14,297

Other Expenses $26,543

TOTAL EXPENSES $33,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,827	$84,610	+0.2%
Expenses	$33,043	$83,896	-0.6%
Net Income	$64,784	$714	+89.7%

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

N/A

Volunteers

N/A

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
KEVIN WALSH	CHAIRMAN	1.75	Officer Director	$0	$0	$0
MICHAEL GOULIAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BOBBI THOMPSON	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
COLIN STEPHENSON	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ERIC DOYLE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
MARTHA MARTIN	MEMBER AT LARGE	1.00	Director	$0	$0	$0
BRENDA KERFOOT	MEMBER AT LARGE	1.00	Director	$0	$0	$0
NATHAN HAMMOND	EX-OFFICIO	1.00	Director	$0	$0	$0
JOHN CUDAHY	EX-OFFICIO	1.00	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	No data	No data	No data	No data
2024	$97,827	$33,043	$164,501	$64,784
2023	$84,610	$83,896	$100,277	$714
2022	$214,479	$318,424	$112,458	$-103,945

INTERNATIONAL COUNCIL OF AIR SHOWS FOUNDATION