ACADEMY OF MODEL AERONAUTICS FOUNDATION INC

EIN: 461336590 501(c)(3) Arts, Culture & Humanities

MUNCIE, IN

Total Revenue
$691,237
Total Expenses
$331,131
Total Assets
$2,470,666
Net Assets
$1,971,096
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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
IN
Principal Officer
CHAD BUDREAU
Phone
7652871256
Tax Period
2023-01-01 to 2023-12-31

ACADEMY OF MODEL AERONAUTICS FOUNDATION INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $691K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $360K, a strong 52% operating margin.

Mission

TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC.

Program Service Accomplishments

Program 1
Expenses: $117,423

TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $716,609
Program Service Revenue $0
Investment Income $-25,372
Other Revenue $0
TOTAL REVENUE $691,237

Expense Breakdown

Grants Paid $117,423
Salaries & Benefits $73,142
Fundraising Expenses $0
Program Expenses $117,423
Other Expenses $140,566
TOTAL EXPENSES $331,131

Year-over-Year Comparison

2023 2022 Change
Revenue $691,237 $385,826 +0.8%
Expenses $331,131 $207,134 +0.6%
Net Income $360,106 $178,692 +1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$61,888
Total Directors
8
$61,888
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON BOTT VICE CHAIR 1.00
Officer Director
$0 $0 $0
RUSTY KENNEDY CHAIR 1.00
Officer Director
$0 $0 $0
RICH HANSON BOARD MEMBER 1.00
Director
$0 $0 $0
TIM JESKY BOARD MEMBER 1.00
Director
$0 $0 $0
BILL BARBEE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES LAYNE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE HASTON FOUNDATION DIRECTOR 40.00
Officer Director
$0 $0 $61,888
TOM DENNEY BOARD MEMBER 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
2024 No data No data No data No data
2023 $691,237 $331,131 $2,470,666 $360,106
2022 $385,826 $207,134 $1,521,774 $178,692
2021 $371,267 $179,738 $1,440,811 $191,529
2020 $557,488 $197,909 $1,211,101 $359,579
2019 $264,562 $212,289 $830,582 $52,273
2018 $253,221 $255,168 $601,627 $-1,947
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