THE GLENN L MARTIN MARYLAND AVIATI… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

Mary Boyle

Phone

4106826122

Tax Period

2024-01-01 to 2024-12-31

THE GLENN L MARTIN MARYLAND AVIATION MUSEUM INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $136K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $165K exceeded revenue, resulting in a 21% operating deficit.

Mission

OPERATION OF A PUBLIC AVIATION MUSEUM

Program Service Accomplishments

Program 1

Expenses: $137,863 Revenue: $25,172

MAINTAINING THE STORAGE AND MUSEUM AREAS, PROVIDING EDUCATIONAL PROGRAMS AND TOURS ALLOWS THE PUBLIC TO LEARN MORE ABOUT THE RICH MARYLAND HISTORY OF AVIATION. RESTORATIONS ARE NECESSARY TO PRESERVE MANY OF THE HISTORICAL ARTIFACTS. THE MUSEUM HAS BEEN ABLE TO STORE AND DISPLAY TO THE PUBLIC RELEVANT ARTIFACTS RELATED TO FLIGHT SINCE THE INCEPTION OF THE GLENN L. MARTIN COMPANY. THE MUSEUM HAS RECEIVED GENEROUS SUPPORT THROUGH FACILITY SPACE FURNISHED AT NO CHARGE FOR MUSEUM DISPLAYS AND STORAGE OF ARTIFACTS. DURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION RECEIVED $435,235 AND $555,064 OF IN-KIND FACILITY AND VOLUNTEER LABOR, RESPECTIVELY, NOT REPORTED ON THE 990.

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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 $100,362

Program Service Revenue $24,691

Investment Income $7,516

Other Revenue $3,760

TOTAL REVENUE $136,329

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $69,396

Fundraising Expenses $12,261

Program Expenses $137,863

Other Expenses $94,833

TOTAL EXPENSES $165,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,329	$146,538	-0.1%
Expenses	$165,229	$180,131	-0.1%
Net Income	$-28,900	$-33,593	-0.1%

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

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

$69,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gustavus Mcleod	Executive Dir.	55.00	Officer	$69,396	$0	$69,396
James Jurkowski	Chairman	16.00	Officer Director	$0	$0	$0
John Bartkowiak	Director	4.00	Director	$0	$0	$0
Phyllis Fullem	Director	14.00	Director	$0	$0	$0
Jason Mueller	Director	4.00	Director	$0	$0	$0
John Einhaus	Director	24.00	Director	$0	$0	$0
Jerry Hinshaw	Director	4.00	Director	$0	$0	$0
Stanley Piet	Director	30.00	Director	$0	$0	$0
Reginald Booker	Director	4.00	Director	$0	$0	$0
Thomas Jones	Director	2.00	Director	$0	$0	$0
Lt Col Jeffrey Woolford	Director	4.00	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	$136,329	$165,229	$991,811	$-28,900
2023	$146,538	$180,131	$714,417	$-33,593
2022	$120,822	$160,267	$693,901	$-39,445
2021	$139,551	$66,210	$800,971	$73,341
2020	$955,237	$910,034	$721,612	$45,203

THE GLENN L MARTIN MARYLAND AVIATION MUSEUM INC