WAUKEGAN REGIONAL AIRSHOW (EIN 743169662) - 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

2006

Legal Domicile

Principal Officer

SKIP GOSS

Phone

8479759515

Tax Period

2023-01-01 to 2023-12-31

WAUKEGAN REGIONAL AIRSHOW, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 957% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 8% surplus.

Mission

TO SHARE THE AVIATION EXPERIENCE WITH PEOPLE OF ALL AGES BY SHOWCASING PREMIER AVIATION EXHIBITS OF HISTORY, RESTORATION, PRESERVATION, EDUCATION, AND TO INSPIRE THE PASSION OF FLIGHT WITH ALL AGES.

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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 $84,100

Program Service Revenue $127,870

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,970

Expense Breakdown

Grants Paid $4,250

Salaries & Benefits $0

Fundraising Expenses $5,854

Program Expenses $151,124

Other Expenses $190,319

TOTAL EXPENSES $194,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,970	$20,050	+9.6%
Expenses	$194,569	$7,956	+23.5%
Net Income	$17,401	$12,094	+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

108

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
THOMAS COOGAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
PEYTON METZEL	SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTEN CARSELLO	MARKETING DIRECTOR	2.00	Officer Director	$0	$0	$0
PAUL WOOD	DIRECTOR	2.00	Director	$0	$0	$0
MARGIE FREEMAN	DIRECTOR	2.00	Director	$0	$0	$0
TOM KITTLER	DIRECTOR	2.00	Director	$0	$0	$0
SKIP GOSS	PRESIDENT	4.00	Officer Director	$0	$0	$0
KERRY TRUNKETT	DIRECTOR	2.00	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
2023	$211,970	$194,569	$105,782	$17,401

WAUKEGAN REGIONAL AIRSHOW