FORT WAYNE AIR SHOW INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

GRAIG STETTNER

Phone

2604505490

Tax Period

2022-01-01 to 2022-12-31

FORT WAYNE AIR SHOW INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2022. Revenue surged 296% from the prior year, signaling strong growth momentum. Expenses of $562K left a modest 4% surplus.

Mission

THE FORT WAYNE AIR SHOW, INC. (FWAS) WAS CREATED AS A NON-PROFIT COMMUNITY PARTNER TO THE 122ND FIGHTER WING BASE IN FORT WAYNE, INDIANA TO HELP PRODUCE AND SUPPORT THE COMMUNITY'S FIRST FULL-FLEDGED AIR SHOW AND TO FORM A BASE FOR POSSIBLE FUTURE AIR SHOWS. THE 2012 AND FUTURE FORT WAYNE AIR SHOWS ARE ENVISIONED TO HAVE THREE-FOLD PURPOSE: FIRST, TO DEMONSTRATE THE MAJESTY AND POWER OF MILITARY AND GENERAL AVIATION TO THE CITIZENS OF NORTHERN INDIANA; SECOND, TO SHOW COMMUNITY SUPPORT OF THE MILITARY PRESENCE IN FORT WAYNE; AND FINALLY, TO INVITE THE PUBLIC ONTO THE GROUND OF THE 122ND AIR NATIONAL GUARD BASE, SO THAT THEY MAY APPRECIATE THE BREADTH AND SCOPE OF ITS ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $560,709 Revenue: $344,185

THE 2022 AIR SHOW WAS OUR FOURTH, AND MOST SUCCESSFUL, AIR SHOW TO DATE. WITH NEARLY PERFECT WEATHER, ATTENDANCE LIKELY APPROACHED 80,000 OVER THE TWO-DAY, FREE-TO-THE-PUBLIC EVENT. REVENUE FROM...

THE 2022 AIR SHOW WAS OUR FOURTH, AND MOST SUCCESSFUL, AIR SHOW TO DATE. WITH NEARLY PERFECT WEATHER, ATTENDANCE LIKELY APPROACHED 80,000 OVER THE TWO-DAY, FREE-TO-THE-PUBLIC EVENT. REVENUE FROM CONCESSIONS AND OTHER SOURCES ALLOWED THE AIR SHOW TO BUILD A SMALL SEED FUND IN ANTICIPATION OF A 2025 AIR SHOW.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $242,451

Program Service Revenue $344,185

Investment Income $0

Other Revenue $0

TOTAL REVENUE $586,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $560,709

Other Expenses $561,874

TOTAL EXPENSES $561,874

Year-over-Year Comparison

	2022	2021	Change
Revenue	$586,636	$148,262	+3.0%
Expenses	$561,874	$70,558	+7.0%
Net Income	$24,762	$77,704	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MIKE GOULOFF	PRESIDENT	2.00	Officer Director	$0	$0	$0
GRAIG STETTNER	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN PODLASKI	SECRETARY	0.50	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
2024	No data	No data	No data	No data
2022	$586,636	$561,874	$120,321	$24,762
2019	$516,709	$541,212	$47,289	$-24,503