WORLD HERITAGE AIR MUSEUM

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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

2011

Legal Domicile

Principal Officer

THOMAS PROCTOR

Phone

5862159590

Tax Period

2021-01-01 to 2021-12-31

WORLD HERITAGE AIR MUSEUM, founded in 2011, is a micro nonprofit that reported $11 in total revenue in fiscal year 2021. Expenses of $21K exceeded revenue, resulting in a 190209% operating deficit.

Mission

THE MISSION OF WORLD HERITAGE AIR MUSEUM IS TO RESCUE MILITARY JET AIRCRAFT FROM THE EARLY DAYS OF JET AVIATION, RETURN THEM TO FLIGHT STATUS, AND USE THEM TO ENCOURAGE THE YOUTH OF AMERICA TO DREAM, WONDER, AND SOAR.

Program Service Accomplishments

Program 1

PROMOTING THE HISTORY OF AIRCRAFTS THROUGH EDUCATION AND PUBLIC DISPLAY.

Program 2

N/A

Program 3

N/A

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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 (2021)

Revenue Breakdown

Contributions & Grants $11

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $20,934

TOTAL EXPENSES $20,934

Year-over-Year Comparison

	2021	2020	Change
Revenue	$11	$-370,297	-1.0%
Expenses	$20,934	$266,220	-0.9%
Net Income	$-20,923	$-636,517	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS PROCTOR	PRESIDENT	1.00	Officer 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
2021	$11	$20,934	$503,838	$-20,923
2020	$-370,297	$266,220	$525,173	$-636,517
2019	$-63,559	$500,432	$1,267,529	$-563,991
2018	$348,578	$1,043,487	$1,831,976	$-694,909