FRIENDS OF NAS OTTUMWA BLACK (EIN 452726184) - Form 990 Financial Analysis & Trantor Score

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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

STEPHEN BLACK

Phone

5154461278

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF NAS OTTUMWA BLACK, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 30% operating margin.

Mission

NON-PROFIT ORGANIZATION WHOSE MISSION IS TO DEVELOP A NAVAL AVIATION & SPACE MUSEUM IN THE ORIGINAL ADMINISTRATOIN BUILDING AT THE FORMER NAVAL AIR STATION (NAS) OTTUMWA, IOWA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $52,303

Program Service Revenue $0

Investment Income $26

Other Revenue $0

TOTAL REVENUE $52,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,507

Other Expenses $36,507

TOTAL EXPENSES $36,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,329	$78,826	-0.3%
Expenses	$36,507	$17,703	+1.1%
Net Income	$15,822	$61,123	-0.7%

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
DEBRA BLACK	SECRETARY/ T	N/A	Director	$0	$0	$0
LARRY COFER	BOARD MEMBER	N/A	Director	$0	$0	$0
LES GASKILL	VICE PRESIDE	N/A	Director	$0	$0	$0
DR TERI LANCASTER	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM LIENHAUSER	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM PARRISH	BOARD MEMBER	N/A	Director	$0	$0	$0
LUKE PIEPER	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE RUNNELLS	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN BLACK	PRESIDENT	N/A	Officer	$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	No data	No data	No data	No data
2023	$52,329	$36,507	$365,520	$15,822
2022	$78,826	$17,703	$349,698	$61,123
2021	$82,239	$12,476	$288,575	$69,763
2020	$46,768	$8,690	$218,812	$38,078
2019	$61,393	$17,020	$180,734	$44,373
2018	$117,135	$8,848	$136,361	$108,287

FRIENDS OF NAS OTTUMWA BLACK