MID AMERICA TRANSPORTATION AND AVIATION MUSEUM

EIN: 421381617 501(c)(3) Arts, Culture & Humanities

SIOUX CITY, IA

Total Revenue
$68,876
Total Expenses
$164,043
Total Assets
$3,071,194
Net Assets
$3,071,002
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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

Legal Domicile
IA
Principal Officer
RICK ALTER
Phone
7122525300
Tax Period
2024-05-01 to 2025-04-30

MID AMERICA TRANSPORTATION AND AVIATION MUSEUM is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $164K exceeded revenue, resulting in a 138% operating deficit.

Mission

AVIATION AND TRANSPORTATION MUSEUM WHICH ACQUIRES REPAIRS AND DISPLAYS ARTIFACTS TO EDUCATE THE PUBLIC ABOUT SUCH HERITAGE

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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 $44,861
Program Service Revenue $6,455
Investment Income $14,945
Other Revenue $2,615
TOTAL REVENUE $68,876

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,916
Fundraising Expenses $0
Program Expenses $164,043
Other Expenses $112,127
TOTAL EXPENSES $164,043

Year-over-Year Comparison

2024 2023 Change
Revenue $68,876 $96,077 -0.3%
Expenses $164,043 $146,064 +0.1%
Net Income $-95,167 $-49,987 +0.9%
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
8
Independent Members
8
Employees
1
Volunteers
50

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK ALTER PRESIDENT 2
Officer Director
$0 $0 $0
PAM MICKELSON DIRECTOR 1
Director
$0 $0 $0
SCOTT TAYLOR DIRECTOR 1
Director
$0 $0 $0
JAMES HOPKINS TREASURER 2
Officer Director
$0 $0 $0
AARON DIEDRICH DIRECTOR 1
Director
$0 $0 $0
TIM SEAMAN SECRETARY 1
Officer Director
$0 $0 $0
SUZANNE BARTEL DIRECTOR 1
Director
$0 $0 $0
KEVIN BLOSCH EMPLOYEE 40
Highest
$48,226 $0 $48,226
STACIE HAYS DIRECTOR 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 $68,876 $164,043 $3,071,194 $-95,167
2024 $96,077 $146,064 $3,166,874 $-49,987
2023 $62,214 $144,662 $3,216,861 $-82,448
2022 $112,175 $98,025 $3,299,504 $14,150
2021 $118,698 $99,920 $3,290,159 $18,778
2020 $49,842 $114,138 $3,271,381 $-64,296
2019 $42,512 $120,578 $3,330,677 $-78,066
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