AIR FORCE HISTORICAL FOUNDATION

EIN: 630334304 501(c)(3)

MECHANICSVILLE, MD

Total Revenue
$323,327
Total Expenses
$303,563
Total Assets
$1,199,502
Net Assets
$1,163,830
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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

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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%)

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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

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Governance

Voting Members
14
Independent Members
14
Employees
3
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
7
$0
Total Directors
13
$0
Key Employees
2
$51,650
Highest Compensated
0
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
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