SOUTH DAKOTA AIR AND SPACE FOUNDAT… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

ROBERT C LIEBMAN

Phone

6053855189

Tax Period

2021-01-01 to 2021-12-31

SOUTH DAKOTA AIR AND SPACE FOUNDATION INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2021. Revenue surged 335% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 22% operating margin.

Mission

THE FOUNDATION SUPPORTS THE SOUTH DAKOTA AIR & SPACE MUSEUM AND THE AIR FORCE HERITAGE & MUSEUMS PROGRAM, AS DIRECTED BY AFI84-103.

Program Service Accomplishments

Program 1

Expenses: $126,710 Revenue: $111,696

THE ORGANIZATION OPERATES A GIFT SHOP FOR ELLSWORTH AIR FORCE BASE IN ORDER TO RAISE FUNDS TO PRESERVE AVIATION HISTORY OF SD AND TO PROVIDE EDUCATIONAL PROGRAMS TO THE PUBLIC. ATTENDANCE IS...

THE ORGANIZATION OPERATES A GIFT SHOP FOR ELLSWORTH AIR FORCE BASE IN ORDER TO RAISE FUNDS TO PRESERVE AVIATION HISTORY OF SD AND TO PROVIDE EDUCATIONAL PROGRAMS TO THE PUBLIC. ATTENDANCE IS APPROXIMATELY 108,000 ANNUALLY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $148,075

Program Service Revenue $175

Investment Income $6,037

Other Revenue $55,013

TOTAL REVENUE $209,300

Expense Breakdown

Grants Paid $45

Salaries & Benefits $73,816

Fundraising Expenses $0

Program Expenses $126,710

Other Expenses $89,908

TOTAL EXPENSES $163,769

Year-over-Year Comparison

	2021	2020	Change
Revenue	$209,300	$48,160	+3.3%
Expenses	$163,769	$110,743	+0.5%
Net Income	$45,531	$-62,583	-1.7%

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

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

$43,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER WALKER	RETAIL MANAG	40.00	Officer	$43,920	$0	$43,920
ROBERT C LIEBMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN OTT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GREG MINER	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
CARL ENGWALL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MOLLISON	DIRECTOR	1.00	Director	$0	$0	$0
BOB SCHILLING	DIRECTOR	1.00	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	$209,300	$163,769	$127,634	$45,531
2019	$144,309	$213,008	$144,463	$-68,699
2018	$170,570	$203,583	$218,861	$-33,013

SOUTH DAKOTA AIR AND SPACE FOUNDATION INC