DAEDALIAN FOUNDATION (EIN 741365823) - 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

1959

Legal Domicile

Principal Officer

KRYSTAL HERNANDEZ

Phone

2109452111

Tax Period

2024-01-01 to 2024-12-31

DAEDALIAN FOUNDATION, founded in 1959, is a small nonprofit in the Arts, Culture & Humanities sector that reported $418K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $710K exceeded revenue, resulting in a 70% operating deficit.

Mission

THE FOUNDATION'S MISSION IS THREEFOLD: TO INSPIRE YOUNG AMERICANS TO PURSUE CAREERS AS MILITARY AVIATORS VIA SCHOLARSHIPS, FLYING INSTRUCTION AND OTHER EDUCATIONAL OPPORTUNITIES; TO PERPETUATE THE SPIRIT OF PATRIOTISM, LOVE OF COUNTRY AND THE HIGH IDEALS OF SELF-SACRIFICE EXEMPLIFIED BY THE AMERICAN PILOTS OF WORLD WAR I; AND TO RAISE AND INVEST FUNDS TO ADVANCE THE GOALS OF THE FOUNDATION'S MISSION. AT YEAR END THE FOUNDATION HAD 8,980 MEMBERS.

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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 $234,046

Program Service Revenue $0

Investment Income $172,891

Other Revenue $10,840

TOTAL REVENUE $417,777

Expense Breakdown

Grants Paid $322,660

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $515,795

Other Expenses $387,373

TOTAL EXPENSES $710,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$417,777	$699,241	-0.4%
Expenses	$710,033	$1,004,888	-0.3%
Net Income	$-292,256	$-305,647	0.0%

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

N/A

Volunteers

200

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

$132,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIG GEN CHAD MANSKE USAF RET	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LT COL KATHRYN STAIGER	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
LT COL MIKE BUCK USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
COL EDWARD J SHEERAN USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
LT COL MICHAEL A BUCK USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
COL FRANCIS L KAPP USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
MAJOR JULIAN GLUCK USAF	TRUSTEE	1.00	Director	$0	$0	$0
LT COL OLGA CUSTODIO USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
KRYSTAL HERNANDEZ	EXECUTIVE DI	10.00	Officer	$0	$0	$0
MAUREEN DEFELICE	EXECUTIVE DI	10.00	Officer	$0	$0	$132,388
MR PHILLIP ZABRISKIE	TRUSTEE	1.00	Director	$0	$0	$0
COL DANIEL MEYERS USA RET	TRUSTEE	1.00	Director	$0	$0	$0
LT COL CHARLES BAUMANN USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
LT COL BILL ERCOLINE USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
LT COL DANIEL MULLINIX USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
COL JOHN DIPIERO USAF RET	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE PEARCE	ADVISOR	1.00	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	$417,777	$710,033	$4,019,804	$-292,256
2023	$699,241	$1,004,888	$4,022,655	$-305,647
2022	$614,536	$792,042	$3,877,350	$-177,506
2021	$1,056,404	$540,553	$4,789,996	$515,851
2020	$433,786	$367,530	$4,488,680	$66,256
2019	$611,607	$329,583	$4,280,425	$282,024
2018	$349,300	$364,941	$3,684,206	$-15,641

DAEDALIAN FOUNDATION