TEXAS AIR AND SPACE MUSEUMINC

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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

1988

Legal Domicile

Principal Officer

RON FERNUIK

Phone

8063359159

Tax Period

2023-01-01 to 2023-12-31

TEXAS AIR AND SPACE MUSEUMINC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $89K left a modest 14% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO EDUCATE YOUTH ABOUT AVIATION HISTORY AND TECHNOLOGY AND TO PRESERVE AND DISPLAY FOR THE PUBLIC AVIATION ARTIFACTS AND HISTORY.

Program Service Accomplishments

Program 1

Expenses: $84,476 Revenue: $17,801

TEXAS AIR & SPACE MUSEUM'S (TASM) MISSION IS TO ESTABLISH AND MAINTAIN A PREMIER AVIATION MUSEUM TO HONOR THE SERVICEMEN, SERVICEWOMEN, AVIATORS AND ASTRONAUTS OF NORTHWEST TEXAS AND TO PROVIDE THE YOUTH OF THIS FIVE STATE AREA AN OPPORTUNITY TO SEE AND TOUCH THE TECHNOLOGY OF TOMORROW'S WORLD. TASM'S FUTURE PLANS INCLUDE AIR SHOWS, AVIATION EVENTS, LOCALLY SUPPORTED GATHERINGS, EVENTS WITH BOY AND GIRL SCOUTS, BIG BROTHERS/BIG SISTERS, CIVIL AIR PATROL, COMMEMORATIVE AIR FORCE, BOYS RANCH AND GIRLS TOWN, TO NAME BUT A FEW.

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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 $82,870

Program Service Revenue $17,801

Investment Income $2,134

Other Revenue $0

TOTAL REVENUE $102,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,476

Other Expenses $88,765

TOTAL EXPENSES $88,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,805	$304,490	-0.7%
Expenses	$88,765	$70,584	+0.3%
Net Income	$14,040	$233,906	-0.9%

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

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
RON FERNUIK	PRESIDENT	40.00	Officer Director	$0	$0	$0
TRAVIS LAMANCE	VICE PRESIDE	30.00	Officer Director	$0	$0	$0
ROBIN LAMANCE	SECRETARY	20.00	Officer Director	$0	$0	$0
BOB DEMPSEY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE PAUL	DIRECTOR	1.00	Director	$0	$0	$0
CECIL HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
KENRICK BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
ANN SCAMAHORN	DIRECTOR	1.00	Director	$0	$0	$0
RICK GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
JERRY FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK ACCURSU	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MOORE	DIRECTOR	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	No data	No data	No data	No data
2023	$102,805	$88,765	$6,316,512	$14,040
2022	$304,490	$70,584	$6,302,472	$233,906
2021	$210,090	$61,511	$6,068,566	$148,579
2020	$112,251	$64,935	$5,919,987	$47,316
2019	$204,849	$54,707	$5,872,671	$150,142
2018	$496,611	$51,559	$4,038,767	$445,052