VALIANT AIR COMMAND INC (EIN 591773787) - 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

1977

Legal Domicile

Principal Officer

IRVING BOB BOSWELL

Phone

3212681941

Tax Period

2024-01-01 to 2024-12-31

VALIANT AIR COMMAND INC, founded in 1977, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $749K, a strong 47% operating margin.

Mission

MAKE GENERAL PUBLIC AWARE OF MILITARY AND CIVILIAN HERITAGE THROUGH AIR SHOWS, MUSEUM, AND RESTORATION OF VINTAGE AIRCRAFT.

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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 $832,338

Program Service Revenue $107,508

Investment Income $7,903

Other Revenue $631,707

TOTAL REVENUE $1,579,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,200

Fundraising Expenses $0

Program Expenses $771,727

Other Expenses $757,009

TOTAL EXPENSES $830,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,579,456	$1,111,603	+0.4%
Expenses	$830,209	$866,824	0.0%
Net Income	$749,247	$244,779	+2.1%

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

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
IRVING BOB BOSWELL	DIRECTOR	N/A	Officer Director	$0	$0	$0
MARVIN JUHL	EXECUTIVE OF	N/A	Director	$0	$0	$0
LEIGH LEWIS	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER MOORE	DIRECTOR	N/A	Director	$0	$0	$0
STEVE ROMINE	DIRECTOR	N/A	Director	$0	$0	$0
TERRY RUSH	DIRECTOR	N/A	Director	$0	$0	$0
TRACY SCHOENEWOLF-BOHRMANN	FINANCE OFFI	N/A	Director	$0	$0	$0
DAVID SHORE	DIRECTOR	N/A	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	$1,579,456	$830,209	$3,592,829	$749,247
2023	$1,111,603	$866,824	$2,881,824	$244,779
2022	$820,376	$844,791	$2,663,244	$-24,415
2021	$898,999	$843,754	$2,774,756	$55,245
2020	$1,078,287	$562,428	$2,446,454	$515,859
2019	$902,131	$946,829	$1,888,172	$-44,698
2018	$818,209	$1,086,219	$1,956,992	$-268,010

VALIANT AIR COMMAND INC