THE INTERNATIONAL GROUP FOR HISTORIC AIRCRAFT RECOVERY (EIN 510282621) - 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

1985

Legal Domicile

Principal Officer

RICHARD GILLESPIE

Phone

6104671937

Tax Period

2023-07-01 to 2024-06-30

THE INTERNATIONAL GROUP FOR HISTORIC AIRCRAFT RECOVERY, founded in 1985, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $232K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE RESPONSIBLE AVIATION ARCHAEOLOGY AND HISTORIC PRESERVATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $188,266

Program Service Revenue $13,685

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,736

Fundraising Expenses $226

Program Expenses $90,418

Other Expenses $219,307

TOTAL EXPENSES $232,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,951	$251,382	-0.2%
Expenses	$232,043	$259,425	-0.1%
Net Income	$-30,092	$-8,043	+2.7%

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

N/A

Volunteers

200

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
WILLIAM CARTER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD GILLESPIE	EXEC. DIRECT	60.00	Officer Director	$0	$0	$0
ERNIE LEROY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW MCKENNA	DIRECTOR	2.00	Director	$0	$0	$0
MARK SMITH	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA THRASHER	PRESIDENT/TR	60.00	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
2025	No data	No data	No data	No data
2024	$201,951	$232,043	$384,252	$-30,092
2023	$251,382	$259,425	$396,546	$-8,043
2022	$155,156	$308,279	$408,068	$-153,123
2021	$135,163	$181,660	$322,970	$-46,497
2020	$238,733	$187,076	$369,960	$51,657
2019	$251,095	$179,090	$261,978	$72,005

THE INTERNATIONAL GROUP FOR HISTORIC AIRCRAFT RECOVERY