MICHIGAN FLYWHEELERS MUSEUM INC (EIN 383272177) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

PATRICK INGALLS

Phone

2696392010

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN FLYWHEELERS MUSEUM INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $279K exceeded revenue, resulting in a 16% operating deficit.

Mission

AN ORGANIZATION OF VOLUNTEERS DEDICATED TO THE RESTORATION AND PRESERVATION OF ANTIQUE GAS AND STEAM ENGINES AND TRACTORS. THIS GROUP OF VOLUNTEERS HOLDS ONE OF THE LARGEST ANNUAL ANTIQUE ENGINE AND TRACTOR SHOWS IN THE STATE OF MICHIGAN EVERY SEPTEMBER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,213

Program Service Revenue $116,143

Investment Income $6,131

Other Revenue $23,980

TOTAL REVENUE $241,467

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,640

Other Expenses $279,324

TOTAL EXPENSES $279,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,467	$219,339	+0.1%
Expenses	$279,424	$152,458	+0.8%
Net Income	$-37,957	$66,881	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
PATRICK INGALLS	PRESIDENT	N/A	Officer	$0	$0	$0
DAVID MYERS	VICE-PRESIDE	N/A	Officer	$0	$0	$0
FRED HOLZWARTH	TREASURER	N/A	Officer	$0	$0	$0
DAVE TARANTINO	SECRETARY	N/A	Officer	$0	$0	$0
RON FLAGEL	DIRECTORY	N/A	Director	$0	$0	$0
RYAN INGALLS	DIRECTOR	N/A	Director	$0	$0	$0
MIKE HOLLIS	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE MYRKLE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BURY	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$241,467	$279,424	$764,722	$-37,957
2022	$219,339	$152,458	$802,679	$66,881
2021	$200,680	$110,031	$736,735	$90,649
2020	$50,766	$64,941	$645,154	$-14,175
2019	$221,555	$121,605	$660,341	$99,950
2018	$148,173	$128,809	$560,563	$19,364

MICHIGAN FLYWHEELERS MUSEUM INC