FORT WAYNE AIR SHOW INC (EIN 454229251) - 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

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

TO RECEIVE AND ADMINISTER FUNDS AND ARTICLES TO ACHIEVE THE FOLLOWING GOALS: A. TO PROVIDE WORLD CLASS AIR SHOW EVENTS FOR NORTHEAST INDIANA WITH ZERO MISHAPS/INJURIES. B. TO ENHANCE THE PUBLIC'S UNDERSTANDING OF MILITARY AIR POWER, AVIATION HERITAGE, AND HOW ALL SERVICES WORK TOGETHER TO ACCOMPLISH THE MISSION. C. TO CREATE AN ATMOSPHERE OF AWE AND EXCITEMENT WHILE PROVIDING THE HIGHEST POSSIBLE LEVEL OF CONVENIENCE FOR PERFORMERS AND GUESTS (PARKING, RESTROOMS, CONCESSIONS, SEATING OPTIONS, HOSPITALITY). D. TO BOOST MILITARY RECRUITING FOR ALL PARTICIPATING SERVICES. E. TO COLLECT ENOUGH SPONSORSHIPS AND DONATIONS TO COVER ALL AIR SHOW EXPENSES.

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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 (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

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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
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

FORT WAYNE AIR SHOW INC