NEW HUDSON, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WARBIRDS OF GLORY MUSEUM, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $280K in total revenue in fiscal year 2025. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 41% operating margin.
The Warbirds of Glory Museum was formed to restore and fly period aircraft and offering a unique educational opportunity to understand the Second World War experience while mentoring youth in mechanical skills aircraft restoration and American values. In 2022 the Museum procured a larger facility in New Hudson MI and after extensive renovations of that site moved operations from Brighton MI to the new building. Even though the renovation and move took up much of the Museums time and treasure work did continue on its three main programs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $280,167 | $140,067 | +1.0% |
| Expenses | $164,273 | $139,963 | +0.2% |
| Net Income | $115,894 | $104 | +1113.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Patrick Mihalek | President | 40.00 |
Officer
|
$59,000 | $0 | $59,000 |
| Allen Tucker | Board Chairman | 10.00 |
Officer
|
$0 | $0 | $0 |
| Gordon Steele | Board Vice-Chairman | 5.00 |
Officer
|
$0 | $0 | $0 |
| Lance Lewis | Board Secretary | 3.00 |
Officer
|
$0 | $0 | $0 |
| Leah Kurcharek | Trustee | 5.00 |
Director
|
$0 | $0 | $0 |
| John Shallman | Trustee | 3.00 |
Director
|
$0 | $0 | $0 |
| Ron Asman | Trustee | 3.00 |
Director
|
$0 | $0 | $0 |
| Nancy Trick | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Sean Farrelly | Vice-President | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $280,167 | $164,273 | $913,531 | $115,894 |
| 2024 | $140,067 | $139,963 | $808,573 | $104 |
| 2023 | $154,634 | $132,205 | $814,021 | $22,429 |
| 2022 | $552,932 | $127,010 | $797,367 | $425,922 |
Compare WARBIRDS OF GLORY MUSEUM with other nonprofits in Michigan and across the country.