YANKEE AIR MUSEUM FOUNDATION INC (EIN 383603828) - 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

2001

Legal Domicile

Principal Officer

LES KLIMA

Phone

7343254476

Tax Period

2024-01-01 to 2024-12-31

YANKEE AIR MUSEUM FOUNDATION INC, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 195% operating deficit.

Mission

THE YANKEE AIR MUSEUM FOUNDATION ("YAMF") IS A SUPPORTING ORGANIZATION OF YANKEE AIR FORCE, INCORPORATED, A MICHIGAN NONPROFIT CORPORATION (DBA MICHIGAN FLIGHT MUSEUM OR "MFM"). THE YAMF IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF MFM. THE YAMF MANAGES THE MFM ENDOWMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $51

Program Service Revenue $0

Investment Income $17,469

Other Revenue $0

TOTAL REVENUE $17,520

Expense Breakdown

Grants Paid $47,094

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,094

Other Expenses $4,599

TOTAL EXPENSES $51,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,520	$58,383	-0.7%
Expenses	$51,693	$52,261	0.0%
Net Income	$-34,173	$6,122	-6.6%

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

$227,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HARLESS PHD	PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY HOTTON	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID R STEINER	SECRETARY	1.00	Officer Director	$0	$0	$0
LES KLIMA	CONTROLLER/CFO	1.00	Officer	$92,664	$0	$92,664
KEVIN WALSH	EXECUTIVE DIRECTOR	1.00	Officer	$135,000	$0	$135,000

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	$17,520	$51,693	$344,055	$-34,173
2023	$58,383	$52,261	$358,791	$6,122
2022	$77,117	$29,151	$317,593	$47,966
2021	$167,805	$220,386	$461,937	$-52,581
2020	$438,590	$599,101	$400,608	$-160,511
2019	$1,564,776	$1,569,627	$572,182	$-4,851
2018	$919,344	$1,031,287	$694,043	$-111,943

YANKEE AIR MUSEUM FOUNDATION INC