MINNESOTA AVIATION HALL OF FAME

EIN: 411670378 501(c)(3) Arts, Culture & Humanities

BURNSVILLE, MN

Total Revenue
$288,464
Total Expenses
$16,419
Total Assets
$348,704
Net Assets
$348,704
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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
1990
Legal Domicile
MN
Phone
9524123938
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA AVIATION HALL OF FAME, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $288K in total revenue in fiscal year 2024. Revenue surged 338% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 94% operating margin.

Mission

PRESERVING LEGACIES OF MINNESOTA AVIATORS AND INSPIRING THE NEXT GENERATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $298,474
Program Service Revenue $0
Investment Income $646
Other Revenue $-10,656
TOTAL REVENUE $288,464

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,799
Other Expenses $8,919
TOTAL EXPENSES $16,419

Year-over-Year Comparison

2024 2023 Change
Revenue $288,464 $65,898 +3.4%
Expenses $16,419 $47,514 -0.7%
Net Income $272,045 $18,384 +13.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
35

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON MONTANYE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CHERISE ROHLFING VICE CHAIR 1.00
Officer Director
$0 $0 $0
CAROL CANSDALE SECRETARY 1.00
Officer Director
$0 $0 $0
AMELIA HALSTED TREASURER 1.00
Officer Director
$0 $0 $0
NOEL ALLARD DIRECTOR 1.00
Director
$0 $0 $0
MARY ALVERSON DIRECTOR 1.00
Director
$0 $0 $0
RANDY CORFMAN DIRECTOR 1.00
Director
$0 $0 $0
JANELLE GATES DIRECTOR 1.00
Director
$0 $0 $0
JIM HANSON DIRECTOR 1.00
Director
$0 $0 $0
TIM HENNAGIR DIRECTOR 1.00
Director
$0 $0 $0
BARB WILEY LINDQUIST DIRECTOR 1.00
Director
$0 $0 $0
THOMAS LYMBURN DIRECTOR 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
2024 $288,464 $16,419 $348,704 $272,045
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