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.
Restoration - Continued work on the bomb bay fuselage spars and other parts of the center section of the aircraft. Also began restoration of a 1946 tug. Lastly accepted and installed new CNC machine...
Restoration - Continued work on the bomb bay fuselage spars and other parts of the center section of the aircraft. Also began restoration of a 1946 tug. Lastly accepted and installed new CNC machine which vastly increasing our inhouse manufacturing capabilities plus offers additional educational opportunities for our students.
Student Apprenticeship Program - Continued to mentor students while adding to their numbers plus educational opportunities.
Guardians of History - greatly expanded the number of artifacts for the Jim Trick Hall while increasing the number of appearances at outside events and airshows.
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.