TULSA AIR & SPACE MUSEUM INC

EIN: 731452965 501(c)(3) Arts, Culture & Humanities

TULSA, OK

Total Revenue
$3,452,594
Total Expenses
$1,255,107
Total Assets
$9,086,755
Net Assets
$8,802,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
OK
Principal Officer
TONYA L BLANSETT
Phone
9188349900
Tax Period
2024-01-01 to 2024-12-31

TULSA AIR & SPACE MUSEUM INC, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 64% operating margin.

Mission

HONORING THE PAST, INSPIRING THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $847,674 Revenue: $289,850

EXHIBITS: IN 2024, THERE WERE 42,647 VISITORS WHO TOURED OVER 30 EXHIBITS ON DISPLAY AT TASM. TASM'S AEROSPACE DOCENTS OFFER A GUIDED INTERACTIVE TOUR OF THE EXHIBITS DESCRIBING THE HISTORY OF THE...

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EXHIBITS: IN 2024, THERE WERE 42,647 VISITORS WHO TOURED OVER 30 EXHIBITS ON DISPLAY AT TASM. TASM'S AEROSPACE DOCENTS OFFER A GUIDED INTERACTIVE TOUR OF THE EXHIBITS DESCRIBING THE HISTORY OF THE PEOPLE AND PLANES WHICH CONTRIBUTED TO OKLAHOMA'S RICH AEROSPACE HERITAGE. EXHIBITS AVAILABLE TO VISITORS INCLUDE: MD-80 DONATED TO THE MUSEUM BY AMERICAN AIRLINES. THE TUSKEGEE LEGACY EXHIBIT DEDICATED TO THE FEATS OF THE TUSKEGEE AIRMEN. GRUMMAN F-14A TOMCAT WHICH IS PAINTED IN THE SQUADRON COLORS OF VF-41 "THE BLACK ACES." THE SPARTAN EXECUTIVE MODEL 12 COMMISSIONED BY J. PAUL GETTY INCORPORATES A TRICYCLE LANDING GEAR. THE TULSAMERICAN B-24 EXHIBIT HONORING THOSE WHO SERVED DURING WWII AND THE LAST B-24 BUILT IN TULSA.

Program 2
Expenses: $92,224

CAPITAL CAMPAIGN: IN AN EFFORT TO CONTINUE TO BE RECOGNIZED AS THE PREMIER LEARNING CENTER AND TOURIST DESTINATION FOR AVIATION AND SPACE EXPLORATION PAST, PRESENT AND FUTURE, TASM HAS DETERMINED A...

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CAPITAL CAMPAIGN: IN AN EFFORT TO CONTINUE TO BE RECOGNIZED AS THE PREMIER LEARNING CENTER AND TOURIST DESTINATION FOR AVIATION AND SPACE EXPLORATION PAST, PRESENT AND FUTURE, TASM HAS DETERMINED A NEED TO EXPAND THEIR EXISTING MUSEUM BY ADDING AN ADDITIONAL 200 X 200 SQUARE FOOT RAMP. THE EXPANSION WILL HIGHLIGHT AN OUTDOOR PARKING RAMP FOR VISITING HISTORIC AIRCRAFT STATIC DISPLAY FOR VIEWING BY VISITORS.

Program 3
Expenses: $27,655 Revenue: $147,064

PLANETARIUM: TASM IS HOME TO JAMES E. BERTELSMEYER PLANETARIUM WHICH INSPIRES CURIOSITY SEEKERS TO EXPLORE OUR UNIVERSE AND THE WONDERS OF EARTH. IN 2024, THERE WERE 27,151 VISITORS WHO TOURED THE...

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PLANETARIUM: TASM IS HOME TO JAMES E. BERTELSMEYER PLANETARIUM WHICH INSPIRES CURIOSITY SEEKERS TO EXPLORE OUR UNIVERSE AND THE WONDERS OF EARTH. IN 2024, THERE WERE 27,151 VISITORS WHO TOURED THE PLANETARIUM WHICH OFFERS AN EXCITING EDUCATIONAL EXPERIENCE BY PAIRING STUNNING HIGH-DEFINITION VISUALS WITH STATE-OF-THE-ART TECHNOLOGY IN FULL IMMERSIVE THEATER ATMOSPHERE. VISITORS HAVE THE OPPORTUNITY TO VIEW OVER 13 DIFFERENT FEATURES INCLUDING: STARS WITH NIGHT SKY TOUR, DESTINATION MARS, DAWN OF THE SPACE AGE, BLACK HOLES: THE OTHER SIDE OF INFINITY, AND MANY MORE ADVENTURES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,796,077
Program Service Revenue $436,914
Investment Income $72,621
Other Revenue $146,982
TOTAL REVENUE $3,452,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $657,133
Fundraising Expenses $101,108
Program Expenses $967,553
Other Expenses $597,974
TOTAL EXPENSES $1,255,107

Year-over-Year Comparison

2024 2023 Change
Revenue $3,452,594 $1,277,835 +1.7%
Expenses $1,255,107 $1,044,820 +0.2%
Net Income $2,197,487 $233,015 +8.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
28
Volunteers
40

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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RETIRED COLONEL DANIEL MARTICELLO CHAIRMAN 3.00
Officer Director
$0 $0 $0
TIMOTHY REATHER VICE CHAIRMA 3.00
Officer Director
$0 $0 $0
AMY MOORE SECRETARY 3.00
Officer Director
$0 $0 $0
JERI BARRIENTOS OFFICER 3.00
Officer Director
$0 $0 $0
RET BRIGADIER GENERAL SCOTT GOODWIN OFFICER 3.00
Officer Director
$0 $0 $0
RICHARD LYON OFFICER 3.00
Officer Director
$0 $0 $0
DAVID BENDEL DIRECTOR 0.25
Director
$0 $0 $0
JIM BERTELSMEYER DIRECTOR 0.25
Director
$0 $0 $0
JEFF BOATMAN DIRECTOR 0.25
Director
$0 $0 $0
BENJAMIN GORRELL JR DIRECTOR 0.25
Director
$0 $0 $0
NATHANIEL KEYLON DIRECTOR 0.25
Director
$0 $0 $0
KATHY LARSEN DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL MANSUR DIRECTOR 0.25
Director
$0 $0 $0
CLAY PEARCE DIRECTOR 0.25
Director
$0 $0 $0
DR TERESA PINKSTON DIRECTOR 0.25
Director
$0 $0 $0
STEVE SMITH DIRECTOR 0.25
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 $3,452,594 $1,255,107 $9,086,755 $2,197,487
2023 $1,277,835 $1,044,820 $6,729,831 $233,015
2022 $746,009 $1,008,053 $6,476,541 $-262,044
2021 $1,036,013 $867,884 $6,390,793 $168,129
2020 $600,731 $822,599 $6,284,421 $-221,868
2019 $916,008 $1,048,633 $6,936,654 $-132,625
2018 $967,482 $811,935 $6,758,662 $155,547
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