AMERICAN AIRPOWER HERITAGE MUSEUM INC (EIN 742553763) - 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

1989

Legal Domicile

Principal Officer

LANCE LINGUIST

Phone

4325631000

Tax Period

2023-01-01 to 2023-12-31

AMERICAN AIRPOWER HERITAGE MUSEUM INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 55% operating deficit.

Mission

PUBLIC EDUCATION & ENJOYMENT

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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 $1,319,572

Program Service Revenue $415,171

Investment Income $92

Other Revenue $41,457

TOTAL REVENUE $1,776,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,599,330

Other Expenses $2,745,360

TOTAL EXPENSES $2,745,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,776,292	$2,561,793	-0.3%
Expenses	$2,745,360	$4,120,791	-0.3%
Net Income	$-969,068	$-1,558,998	-0.4%

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

N/A

Volunteers

100

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
VICTOR N AGATHER	CHAIRMAN	5.00	Director	$0	$0	$0
RANDY WILSON	VICE CHAIR	5.00	Director	$0	$0	$0
JIM KEYES	BOARD MEMBER	5.00	Director	$0	$0	$0
LARRY LEY	BOARD MEMBER	5.00	Director	$0	$0	$0
DENNIS FENNESSEY	BOARD MEMBER	5.00	Director	$0	$0	$0
FRED TELLING	BOARD MEMBER	5.00	Director	$0	$0	$0
RODNEY BURCHFIELD	BOARD MEMBER	5.00	Director	$0	$0	$0
CHARLES LIPSOMB	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	$1,776,292	$2,745,360	$11,592,423	$-969,068
2022	$2,561,793	$4,120,791	$12,385,396	$-1,558,998
2021	$12,462,262	$10,309,220	$14,350,324	$2,153,042
2020	$2,122,641	$6,993,574	$4,058,182	$-4,870,933
2019	$402,799	$383,195	$5,730,711	$19,604
2018	$4,300,466	$349,506	$5,558,584	$3,950,960

AMERICAN AIRPOWER HERITAGE MUSEUM INC