North Carolina Aviation Museum & H… - 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

Legal Domicile

Principal Officer

WAYNE BROOME

Phone

3366250170

Tax Period

2024-05-01 to 2025-04-30

North Carolina Aviation Museum & Hall of Fame Inc is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 3589% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 96% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED FOR NURTURING AND STIMULATING INTEREST IN AVIATION PAST, PRESENT AND FUTURE BY PRESERVING, RESTORING, AND DISPLAYING AIRCRAFT OF HISTORIC SIGNIFICANCE.

Program Service Accomplishments

Program 1

Expenses: $91,498

THE ORGANIZATION WAS ESTABLISHED FOR NURTURING AND STIMULATING INTEREST IN AVIATION PAST, PRESENT, AND FUTURE BY PRESERVING, RESTORING, AND DISPLAYING AIRCRAFT OF HISTORIC SIGNIFICANCE.

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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 $2,029,183

Program Service Revenue $0

Investment Income $16,476

Other Revenue $37,877

TOTAL REVENUE $2,083,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,912

Fundraising Expenses $0

Program Expenses $91,498

Other Expenses $67,586

TOTAL EXPENSES $91,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,083,536	$56,477	+35.9%
Expenses	$91,498	$84,854	+0.1%
Net Income	$1,992,038	$-28,377	-71.2%

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

N/A

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
BOBBI BRIDGE	MEMBER	5.00	Director	$0	$0	$0
WAYNE JACOBS	MEMBER	5.00	Director	$0	$0	$0
JOHN GODFREY	TREASURER	5.00	Officer Director	$0	$0	$0
MICKEY BOWLYN	MEMBER	5.00	Director	$0	$0	$0
MIKE COCKERHAM	MEMBER	5.00	Director	$0	$0	$0
MIKE PATRIM	MEMBER	5.00	Director	$0	$0	$0
LARRY KIRBY	MEMBER	5.00	Director	$0	$0	$0
WAYNE BROOME	PRESIDENT	5.00	Officer	$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	$2,083,536	$91,498	$2,272,256	$1,992,038
2022	$216,877	$79,111	$273,359	$137,766

North Carolina Aviation Museum & Hall of Fame Inc