Cadet Air Corps Museum (EIN 453114674) - 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

Brooks Hurst

Phone

8162446927

Tax Period

2024-01-01 to 2024-12-31

Cadet Air Corps Museum, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $291K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $420K exceeded revenue, resulting in a 45% operating deficit.

Mission

The Corporation endeavours to educate the public about aviation history and to honor veterans by creating and flying World War trainer aircraft

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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 $290,509

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $290,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $420,158

Other Expenses $420,393

TOTAL EXPENSES $420,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,509	$443,707	-0.3%
Expenses	$420,393	$121,708	+2.5%
Net Income	$-129,884	$321,999	-1.4%

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	Role	Reportable Comp	Other Comp	Total
Greg Herrick	Director	Director	$0	$0	$0
Doug Rosendahl	Director	Director	$0	$0	$0
Brooks Hurst	President	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	$290,509	$420,393	$772,925	$-129,884
2023	$443,707	$121,708	$902,809	$321,999
2022	$275,000	$275,000	$469,347	No data
2021	$250	$64,845	$194,347	$-64,595
2020	$130,000	$162,047	$258,812	$-32,047

Cadet Air Corps Museum