NATIONAL WASP WWII MUSEUM INC

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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

2003

Legal Domicile

Principal Officer

STEVEN MAY

Phone

3252350099

Tax Period

2024-01-01 to 2024-12-31

NATIONAL WASP WWII MUSEUM INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $455K, a strong 20% operating margin.

Mission

THE MUSEUM SEEKS TO EDUCATE AND INSPIRE ALL GENERATIONS WITH THE STORY OF THE WOMEN AIRFORCE SERVICE PILOTS (WASP) OF WORLD WAR II, THE FIRST WOMEN TO FLY U.S. MILITARY AIRCRAFTS, CHANGING THE ROLE OF WOMEN IN AVIATION.

Program Service Accomplishments

Program 1

Expenses: $875,117

THE MUSEUM, LOCATED AT AVENGER FIELD IN SWEETWATER, TEXAS, MAINTAINS THE MUSEUM WHICH HOSTS A HOMECOMING EACH YEAR FOR THE WASP AND GENERAL PUBLIC, RECOGNIZES WOMEN IN AVIATION DAY AND PRODUCES...

THE MUSEUM, LOCATED AT AVENGER FIELD IN SWEETWATER, TEXAS, MAINTAINS THE MUSEUM WHICH HOSTS A HOMECOMING EACH YEAR FOR THE WASP AND GENERAL PUBLIC, RECOGNIZES WOMEN IN AVIATION DAY AND PRODUCES SEMINARS AND CAMPS. THESE ACTIVITIES SUPPORT THE MUSEUM'S PURPOSE OF EDUCATING AND INSPIRING ALL GENERATIONS.

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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 $2,209,749

Program Service Revenue $0

Investment Income $21,451

Other Revenue $21,852

TOTAL REVENUE $2,253,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,932

Fundraising Expenses $671,767

Program Expenses $875,117

Other Expenses $1,219,532

TOTAL EXPENSES $1,798,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,253,052	$2,474,424	-0.1%
Expenses	$1,798,235	$1,958,406	-0.1%
Net Income	$454,817	$516,018	-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

Volunteers

175

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

$81,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI PALLISTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARSH	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
PETER FOX	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA SPEARS	DIRECTOR	1.00	Director	$0	$0	$0
THERESA CLAIBORNE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LUDLUM	PRESIDENT	4.00	Officer Director	$0	$0	$0
KATHLEEN FOWLER	1ST VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DEBBIE ANTHONY	2ND VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
STEVEN MAY	TREASURER	4.00	Officer Director	$0	$0	$0
TERRI PETTY	SECRETARY	4.00	Officer Director	$0	$0	$0
LISA TAYLOR	EXECUTIVE DIRECTOR	40.00	Officer	$81,100	$0	$81,100

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	$2,253,052	$1,798,235	$7,677,400	$454,817
2023	$2,474,424	$1,958,406	$7,308,249	$516,018
2022	$2,533,655	$2,067,980	$6,966,258	$465,675
2021	$2,354,607	$1,792,665	$6,526,024	$561,942
2020	$2,103,811	$1,297,026	$5,344,033	$806,785
2019	$1,504,067	$1,178,946	$4,203,252	$325,121
2018	$1,611,907	$1,178,282	$3,853,731	$433,625