WORLD HERITAGE AIR MUSEUM

EIN: 452502801 501(c)(3)

BLOOMFIELD HILLS, MI

Total Revenue
$11
Total Expenses
$20,934
Total Assets
$503,838
Net Assets
$503,838
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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
MI
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

WE RESTORE COLD WAR ERA MILITARY JET AIRCRAFT FOR EXHIBITION.

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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 (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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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