THE COMMEMORATIVE AIR FORCE (EIN 741484491) - 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

1961

Legal Domicile

Principal Officer

LANCE LINGUIST

Phone

8777677175

Tax Period

2023-01-01 to 2023-12-31

THE COMMEMORATIVE AIR FORCE, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $22.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $24.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ACQUIRE, RESTORE, MAINTAIN AND OPERATE A COLLECTION OF WORLD WAR II AIRCRAFT FOR THE EDUCATION AND ENJOYMENT OF THE PRESENT AND FUTURE GENERATIONS.

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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 $7,865,225

Program Service Revenue $12,224,071

Investment Income $635,138

Other Revenue $1,249,980

TOTAL REVENUE $21,974,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,314,771

Fundraising Expenses $761,332

Program Expenses $15,512,973

Other Expenses $20,801,369

TOTAL EXPENSES $24,877,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,974,414	$23,949,716	-0.1%
Expenses	$24,877,472	$24,405,112	+0.0%
Net Income	$-2,903,058	$-455,396	+5.4%

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

9000

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

$699,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEILS AGATHER	GENERAL STAFF	5.00	Director	$0	$0	$0
LC BUDDY COOKSEY	GENERAL STAFF	5.00	Director	$0	$0	$0
PHILIP BEEGLE III	GENERAL STAFF	5.00	Director	$0	$0	$0
JORDAN BROWN	GENERAL STAFF	5.00	Director	$0	$0	$0
BOB STENEVIK	GENERAL STAFF	5.00	Director	$0	$0	$0
DENNIS WALKER	GENERAL STAFF	5.00	Director	$0	$0	$0
GORDON WEBB	CHIEF OF STAFF	5.00	Director	$0	$0	$0
DENNIS SCHELL	GENERAL STAFF	5.00	Director	$0	$0	$0
KATHY MIZELL	GENERAL STAFF	5.00	Director	$0	$0	$0
ERIC ZIPKIN	GENERAL STAFF	5.00	Director	$0	$0	$0
JOHN CYRIER	GENERAL STAFF	5.00	Director	$0	$0	$0
TROY FITTING	GENERAL STAFF	5.00	Director	$0	$0	$0
GENA LINEBARGER	GENERAL STAFF	5.00	Director	$0	$0	$0
HENRY COATES	PRESIDENT	40.00	Officer	$292,706	$9,600	$302,306
GERALD D OLIVER	COO	40.00	Officer	$156,305	$4,855	$161,160
LANCE LINGUIST	SECRETARY/TREASURER	40.00	Officer	$230,156	$6,221	$236,377
ROZELYN BECK	VP DEVELOPMENT	40.00	Highest	$127,439	$14,847	$142,286
JIM LASCHE JR	VP SAFETY	40.00	Highest	$114,665	$16,543	$131,208
CRAIG TUMINARO	VP MEMBERSHIP	40.00	Highest	$121,543	$6,005	$127,548
LEAH BLOCK	VP MARKETING	40.00	Highest	$103,401	$3,158	$106,559

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	No data	No data	No data	No data
2023	$21,974,414	$24,877,472	$39,577,599	$-2,903,058
2022	$23,949,716	$24,405,112	$38,778,759	$-455,396
2021	$23,919,156	$22,716,138	$31,700,187	$1,203,018
2020	$22,821,789	$18,281,247	$32,457,322	$4,540,542
2019	$20,943,613	$23,122,792	$25,978,549	$-2,179,179
2018	$17,745,181	$23,753,156	$25,738,037	$-6,007,975

THE COMMEMORATIVE AIR FORCE