MID AMERICA FLIGHT MUSEUM NON PROFIT CORPORATION (EIN 463761593) - 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

2014

Legal Domicile

Principal Officer

WILLIAM SCOTT GLOVER

Tax Period

2024-01-01 to 2024-12-31

MID AMERICA FLIGHT MUSEUM NON PROFIT CORPORATION, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $846K, a strong 55% operating margin.

Mission

MID AMERICA FLIGHT MUSEUM EXISTS TO HONOR VETERANS, MENTOR KIDS, AND PROVIDE OPPORTUNITY FOR COMMUNITY INVOLVEMENT THROUGH THE PRESERVATION OF AVIATION HISTORY. THE MUSEUM WILL BE A WORKING MUSEUM WITH MULTIPLE AIRPLANES ON DISPLAY AND IN USE IN AN EFFORT TO FULFILL THIS MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,516,265

Program Service Revenue $0

Investment Income $2

Other Revenue $9,000

TOTAL REVENUE $1,525,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,730

Fundraising Expenses $3,665

Program Expenses $613,294

Other Expenses $541,035

TOTAL EXPENSES $679,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,525,267	$3,880,924	-0.6%
Expenses	$679,765	$788,175	-0.1%
Net Income	$845,502	$3,092,749	-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

N/A

Employees

N/A

Volunteers

N/A

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
JOHN CORTELYOU	DIRECTOR	N/A	Director	$0	$0	$0
R BRIAN DYKE	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM SCOTT GLOVER	PRESIDENT	N/A	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	$1,525,267	$679,765	$22,378,367	$845,502
2023	$3,880,924	$788,175	$18,331,365	$3,092,749
2022	$1,742,920	$515,344	$13,562,864	$1,227,576
2021	$806,317	$708,722	$12,335,288	$97,595
2020	$897,866	$384,107	$12,237,693	$513,759
2019	$407,442	$346,184	$1,473,934	$61,258

MID AMERICA FLIGHT MUSEUM NON PROFIT CORPORATION