MINNESOTA AIR NATIONAL GUARD

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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

Principal Officer

TERRY MORRIS

Phone

6127132523

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA AIR NATIONAL GUARD is a small nonprofit in the Arts, Culture & Humanities sector that reported $142K in total revenue in fiscal year 2025. Revenue surged 241% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 83% operating margin.

Mission

THE MINNESOTA AIR NATIONAL GUARD HISTORICAL FOUNDATION MISSION IS TO OPERATE THE MINNESOTA AIR GUARD MUSEUM AS A MEANS TO PRESERVE AND PROMOTE THE LEGACY OF MINNESOTAS AIR NATIONAL GUARD AND AVIATION IN

Program Service Accomplishments

Program 1

Expenses: $3,849 Revenue: $4,885

THE FOUNDATION OPERATES THE MINNESOTA AIR GUARD MUSEUM AND SUPPORTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $124,692

Program Service Revenue $4,851

Investment Income $9,778

Other Revenue $2,659

TOTAL REVENUE $141,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,849

Other Expenses $24,817

TOTAL EXPENSES $24,817

Year-over-Year Comparison

	2025	2024	Change
Revenue	$141,980	$41,634	+2.4%
Expenses	$24,817	N/A	N/A
Net Income	$117,163	$41,634	+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

N/A

Volunteers

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
GREG HAASE	CHAIRMAN	5	Officer Director	$0	$0	$0
KAREN WOLF	VICE CHAIRMAN	5	Officer Director	$0	$0	$0
JOSH SCHAFFER	SECRETARY	5	Officer Director	$0	$0	$0
TERRY MORRIS	TREASURER	5	Officer Director	$0	$0	$0
MICHAEL DREWS	DIRECTOR	20	Officer Director	$0	$0	$0
ANJA DRESCHER	BOARD MEMBER	5	Director	$0	$0	$0
RICK DOW	BOARD MEMBER	1	Director	$0	$0	$0
MARK SCHUTTA	BOARD MEMBER	1	Director	$0	$0	$0
DEON FORD	BOARD MEMBER	1	Director	$0	$0	$0
JAMES ZWIEFEL	BOARD MEMBER	1	Director	$0	$0	$0
LOWELL UELAND	BOARD MEMBER	1	Director	$0	$0	$0
KEVIN BECK	BOARD MEMBER	1	Director	$0	$0	$0
MICHAEL PIONTE	BOARD MEMBER	1	Director	$0	$0	$0
JULIE ESZLINGE	BOARD MEMBER	1	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	$141,980	$24,817	$819,984	$117,163
2024	$41,634	$18,261	$702,822	$23,373
2023	$65,454	$72,980	$679,449	$-7,526
2022	$189,922	$43,929	$686,975	$145,993
2021	$82,324	$69,853	$540,982	$12,471
2020	$109,122	$104,420	$528,511	$4,702
2019	$103,620	$49,011	$523,809	$54,609