WESTERN NORTH CAROLINA AIR MUSEUM (EIN 561672170) - 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

1989

Legal Domicile

Phone

8286982482

Tax Period

2024-10-01 to 2025-09-30

WESTERN NORTH CAROLINA AIR MUSEUM, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $287K in total revenue in fiscal year 2024. Revenue surged 164% from the prior year, signaling strong growth momentum. Expenses of $247K left a modest 14% surplus.

Mission

PRESERVATION OF FLYING HERITAGE

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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 $217,765

Program Service Revenue $1,277

Investment Income $138

Other Revenue $67,653

TOTAL REVENUE $286,833

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,562

Other Expenses $212,017

TOTAL EXPENSES $247,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,833	$108,470	+1.6%
Expenses	$247,017	$51,896	+3.8%
Net Income	$39,816	$56,574	-0.3%

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
WILLIAM KELDER	TREASURER	8.00	Officer Director	$0	$0	$0
JARROD JARVIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFF MOORE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN GORDON	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK CIGAL	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE BARTELS	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
AL DENN	MUSEUM CURATOR	1.00	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
2025	$286,833	$247,017	$695,112	$39,816
2024	$108,470	$51,896	$1,083,049	$56,574
2023	$452,360	$57,691	$1,034,275	$394,669
2022	$65,239	$70,958	$647,406	$-5,719
2021	$95,001	$39,634	$651,558	$55,367
2020	$34,348	$32,162	$554,191	$2,186
2019	$59,611	$40,155	$552,005	$19,456

WESTERN NORTH CAROLINA AIR MUSEUM