MINNESOTA AVIATION HALL OF FAME

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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

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.

Program Service Accomplishments

Program 1

Expenses: $12,799 Revenue: $0

THE MINNESOTA AVIATION HALL OF FAME (MAHOF) PRESERVES THE STORIES OF EXEMPLARY INDIVIDUALS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO AVIATION AND AEROSPACE, WITH CONNECTIONS TO MINNESOTA. MAHOF...

THE MINNESOTA AVIATION HALL OF FAME (MAHOF) PRESERVES THE STORIES OF EXEMPLARY INDIVIDUALS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO AVIATION AND AEROSPACE, WITH CONNECTIONS TO MINNESOTA. MAHOF INDUCTS 6-7 OF THESE INDIVIDUALS EVERY YEAR AT OUR YEARLY INDUCTION BANQUET. MINNESOTA AVIATION HISTORY IS PRESERVED WITH INFORMATION ON OUR WEBSITE, SOCIAL MEDIA ACCOUNTS, AND OUR PHYSICAL ARCHIVE. MAHOF ALSO RECOGNIZES INDIVIDUALS WITH A WRITING AND AN ART AWARD AT THE YEARLY INDUCTION BANQUET. MAHOF AWARDED FIVE SCHOLARSHIPS TO INDIVIDUALS LOOKING TO STUDY AVIATION. MAHOF PARTNERS WITH SEVERAL OTHER EDUCATIONAL AND HISTORICAL NON-PROFIT ORGANIZATIONS TO SUPPORT SIMILAR MISSIONS OF HISTORICAL PRESERVATION, AND EDUCATION.

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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 $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

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
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