AMERICAN AIRPOWER HERITAGE FOUNDAT… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

LANCE LINGUIST

Phone

8777677175

Tax Period

2023-01-01 to 2023-12-31

AMERICAN AIRPOWER HERITAGE FOUNDATION I, founded in 1983, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2023. Revenue surged 296% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.5M, a strong 81% operating margin.

Mission

TO ASSIST THE COMMEMORATIVE AIR FORCE, INC. (CAF), THE AMERICAN AIRPOWER HERITAGE FLYING MUSEUM, INC. (AAHFM), AND THE AMERICAN AIRPOWER HERITAGE MUSEUM, INC. (AAHM) IN THE PRESERVATION, OPERATION, AND EXHIBITION OF WORLD WAR II AIRCRAFT AND RELATED PARAPHENALIA.

Program Service Accomplishments

Program 1

Expenses: $969,740 Revenue: $1,020,454

TO FOSTER AND PERPETUATE THE COMMEMORATIVE AIR FORCE AND THEAMERICAN AIRPOWER HERITAGE MUSEUM AND THEIR GOALS AND OBJECTIVESBY ACCEPTING CONTRIBUTIONS AND GIFTS AND ANY OTHER ACTIVITIESWHICH SHALL...

TO FOSTER AND PERPETUATE THE COMMEMORATIVE AIR FORCE AND THEAMERICAN AIRPOWER HERITAGE MUSEUM AND THEIR GOALS AND OBJECTIVESBY ACCEPTING CONTRIBUTIONS AND GIFTS AND ANY OTHER ACTIVITIESWHICH SHALL GENERATE FUNDS FOR THE CONTINUING EXISTENCE OF THECOMMEMORATIVE AIR FORCE AND THE AMERICAN AIRPOWER HERITAGE MUSEUM.

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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 $7,238,805

Program Service Revenue $691,149

Investment Income $1,093,917

Other Revenue $329,305

TOTAL REVENUE $9,353,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $969,740

Other Expenses $1,822,788

TOTAL EXPENSES $1,822,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,353,176	$2,360,934	+3.0%
Expenses	$1,822,788	$1,904,715	0.0%
Net Income	$7,530,388	$456,219	+15.5%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COL VICTOR N AGATHER	CHAIRMAN	5.00	Director	$0	$0	$0
MARK NOVAK	BOARD MEMBER	5.00	Director	$0	$0	$0
DENNIS SCHELL	BOARD MEMBER	5.00	Director	$0	$0	$0
GERALD OLIVER	BOARD MEMBER	5.00	Director	$0	$0	$0
RANDY WILSON	BOARD MEMBER	5.00	Director	$0	$0	$0
HENRY COATES	PRESIDENT	5.00	Officer	$0	$0	$0
LANCE LINGUIST	SECRETARY/TREASURER	5.00	Officer	$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	No data	No data	No data	No data
2023	$9,353,176	$1,822,788	$18,884,948	$7,530,388
2022	$2,360,934	$1,904,715	$11,385,727	$456,219
2021	$2,718,234	$1,505,608	$10,777,047	$1,212,626
2020	$2,090,928	$1,586,507	$9,612,423	$504,421
2019	$1,663,593	$2,139,245	$9,233,339	$-475,652
2018	$2,559,710	$3,190,575	$8,517,812	$-630,865

AMERICAN AIRPOWER HERITAGE FOUNDATION I