AIR FORCE HISTORICAL FOUNDATION

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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

Principal Officer

DIK A DASO

Phone

3017361959

Tax Period

2023-06-01 to 2024-05-31

AIR FORCE HISTORICAL FOUNDATION is a small nonprofit that reported $323K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $304K left a modest 6% surplus.

Mission

AVIATION EDUCATION

Program Service Accomplishments

Program 1

Expenses: $253,259 Revenue: $75,212

PRINTING AND PUBLICATION OF THE "JOURNAL OF THE AIR FORCE HISTORICAL FOUNDATION" (OFFICIAL PUBLICATION OF THE FOUNDATION) AND SPONSORSHIP OF BOOKS AND OTHER EDUCATIONAL, CULTURAL AND LITERARY...

PRINTING AND PUBLICATION OF THE "JOURNAL OF THE AIR FORCE HISTORICAL FOUNDATION" (OFFICIAL PUBLICATION OF THE FOUNDATION) AND SPONSORSHIP OF BOOKS AND OTHER EDUCATIONAL, CULTURAL AND LITERARY PROGRAMS TO PROMOTE THE PRESERVATION AND APPRECIATION OF THE HISTORY OF THE UNITED STATE AIR FORCE AND ITS PREDECESSORS. THE FOUNDATION SEEKS TO INFORM AND INSPIRE THE GENERAL PUBLIC, PARTICULARLY THOSE WITH AND INTEREST IN NATIONAL SECURITY, ABOUT THE DYNAMIC HERITAGE OF AIR AND SPACE POWER AND ITS RELEVANCE TO COMTEMPORARY AND FUTURE ISSUES.

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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 $144,081

Program Service Revenue $75,212

Investment Income $96,865

Other Revenue $7,169

TOTAL REVENUE $323,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,485

Fundraising Expenses $0

Program Expenses $253,259

Other Expenses $157,078

TOTAL EXPENSES $303,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,327	$188,834	+0.7%
Expenses	$303,563	$328,086	-0.1%
Net Income	$19,764	$-139,252	-1.1%

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

$51,650

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIK A DASO	EXECUTIVE DIRECTOR	20.0	Key Emp	$51,650	$0	$51,650
MAJ GEN JOHN L BARRY USAF RET	CHAIRMAN	5.0	Officer Director	$0	$0	$0
JONNA DOOLITTLE HOPPES	PRESIDENT	5.0	Officer Director	$0	$0	$0
BRIG GEN PATRICK C MALACKOWSKI RET	FIRST VP & DIRECTOR	1.0	Officer Director	$0	$0	$0
LT GEN TIMOTHY FAY USAF RET	SECOND VP & DIRECTOR	1.0	Officer Director	$0	$0	$0
COL STU PETTIS USAF RET	VICE CHAIR FOR SPACE	1.0	Officer Director	$0	$0	$0
DR FRANK A BLAZICH JR	SECRETARY & DIRECTOR	2.0	Officer Director	$0	$0	$0
COL EILEEN BJORKMAN USAF RET	TREASURER & DIRECTOR	2.0	Officer Director	$0	$0	$0
CAPT JENNIFER A FROWN USAF	DIRECTOR	1.0	Director	$0	$0	$0
LT COL JOHN FARQUHAR USAF RET	DIRECTOR	1.0	Director	$0	$0	$0
MAJ GEN WALTER GIVHAN USAF RET	DIRECTOR	1.0	Director	$0	$0	$0
LT COL JOHN TERINO USAF RET	DIRECTOR	1.0	Director	$0	$0	$0
BRIG GEN PAUL TIBBETS USAF RET	DIRECTOR	1.0	Director	$0	$0	$0
COL DARREL WHITCOMB USAF RET	DIRECTOR	1.0	Director	$0	$0	$0
COL PHILLIP S MEILINGER USAF RET	DIRECTOR	1.0	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
2025	No data	No data	No data	No data
2024	$323,327	$303,563	$1,199,502	$19,764
2023	$188,834	$328,086	$1,077,740	$-139,252
2022	$187,018	$226,931	$1,320,167	$-39,913
2021	$155,650	$183,610	$1,524,414	$-27,960
2020	$153,770	$196,412	$1,268,366	$-42,642
2019	$121,178	$189,927	$1,245,202	$-68,749