AIRMAN HERITAGE FOUNDATION INC (EIN 542134550) - 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

2004

Legal Domicile

Principal Officer

Al Herring

Phone

2106700100

Tax Period

2023-01-01 to 2023-12-31

AIRMAN HERITAGE FOUNDATION INC, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 338% operating deficit.

Mission

The mission of the Airman Heritage Foundation is to support the USAF Airman Heritage Museum and other related Heritage Activities to include creation of a new updated state of the art facility as a training complex and education experience for all airmen past, present and future.

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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 $16,090

Program Service Revenue $0

Investment Income $8,117

Other Revenue $10,550

TOTAL REVENUE $34,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,784

Other Expenses $152,154

TOTAL EXPENSES $152,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,757	$136,868	-0.7%
Expenses	$152,154	$169,374	-0.1%
Net Income	$-117,397	$-32,506	+2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alfred Flowers	Director	10	Director	$0	$0	$0
Ricardo A Ramirez	Director	30	Director	$0	$0	$0
Keith Reed	Director	5	Director	$0	$0	$0
David Shultz	Director	20	Director	$0	$0	$0
Timmothy Dickens	Director	20.00	Director	$0	$0	$0
Danny Sanchez	Vice President	10	Officer	$0	$0	$0
Alfred Herring	President	25	Officer	$0	$0	$0
Joan Lopez	Secretary	40	Officer	$0	$0	$0
Wendell Ray Cornish	Treasurer	30	Key Emp	$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	No data	No data	No data	No data
2023	$34,757	$152,154	$542,091	$-117,397
2022	$136,868	$169,374	$660,211	$-32,506
2021	$121,527	$153,574	$707,002	$-32,047
2020	$141,513	$130,183	$735,012	$11,330
2019	$170,337	$116,224	$722,045	$54,113
2018	$166,131	$44,818	$690,057	$121,313

AIRMAN HERITAGE FOUNDATION INC