FRONTIERS OF FLIGHT MUSEUM INC

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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

ABIGAIL ERICKSON

Phone

2143503600

Tax Period

2023-01-01 to 2023-12-31

FRONTIERS OF FLIGHT MUSEUM INC, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 9% surplus.

Mission

To use the power of Aerospace to improve society by educating, motivating, and inspiring all ages using innovative exhibits, collections, programs, and Aero-Space-STEM focused curriculum.

Program Service Accomplishments

Program 1

Expenses: $1,340,634 Revenue: $781,481

THE PURPOSES OF FRONTIERS OF FLIGHT MUSEUM, INC. ARE TO PRESERVE AND MAKE AVAILABLE TO THE GENERAL PUBLIC PRICELESS MATERIALS AND ITEMS FROM THE UNIVERSITY OF TEXAS AT DALLAS HISTORY OF AVIATION...

THE PURPOSES OF FRONTIERS OF FLIGHT MUSEUM, INC. ARE TO PRESERVE AND MAKE AVAILABLE TO THE GENERAL PUBLIC PRICELESS MATERIALS AND ITEMS FROM THE UNIVERSITY OF TEXAS AT DALLAS HISTORY OF AVIATION COLLECTION WHICH DOCUMENT THE DEVELOPMENT OF AVIATION; TO PROVIDE AN EDUCATIONAL RESOURCE FOR SCHOOL AND PUBLIC GROUPS; AND HONOR AVIATION PIONEERS.

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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 $825,822

Program Service Revenue $562,389

Investment Income $0

Other Revenue $795,592

TOTAL REVENUE $2,183,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $791,069

Fundraising Expenses $152,191

Program Expenses $1,340,634

Other Expenses $1,201,478

TOTAL EXPENSES $1,992,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,183,803	$1,733,743	+0.3%
Expenses	$1,992,547	$1,629,947	+0.2%
Net Income	$191,256	$103,796	+0.8%

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

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

$305,000

Total Directors

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL ERICKSON	CEO-FROM 7/2023	40.00	Officer	$180,000	$0	$180,000
TERESA LENLING-THRU 32023	CEO/PRESIDENT	40.00	Officer Director	$125,000	$0	$125,000
MICHAEL BROSLER	VICE CHAIR	0.40	Officer Director	$0	$0	$0
KEVIN BROOKS	Chairman	0.40	Officer Director	$0	$0	$0
ROGGE DUNN	Director	0.40	Director	$0	$0	$0
DANIEL HAMILTON	Director	0.40	Director	$0	$0	$0
Romain Trapp	Director	0.40	Director	$0	$0	$0
SUZY FULTON	Treasurer	0.40	Officer Director	$0	$0	$0
SURESH NARAYANAN	Director	34.00	Director	$0	$0	$0
STEVE KENNEKE	Director	0.40	Director	$0	$0	$0
ANDREW LAUCK	Director	0.40	Director	$0	$0	$0
ADELE MALOTT	DIRECTOR	0.40	Director	$0	$0	$0
MEREDITH WALKER	Director	0.40	Director	$0	$0	$0
KIM SMITH	Secretary	0.40	Officer Director	$0	$0	$0
RYAN MCCULLER	Director	0.40	Director	$0	$0	$0
JAMES WHITE	Director	0.40	Director	$0	$0	$0
PATRICK WALSH	Director	0.40	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	$2,183,803	$1,992,547	$6,441,527	$191,256
2022	$1,733,743	$1,629,947	$6,264,992	$103,796
2021	$1,464,599	$1,500,410	$6,059,780	$-35,811
2020	$1,256,592	$1,546,165	$6,125,107	$-289,573
2019	$2,020,303	$2,099,970	$6,597,405	$-79,667
2018	$1,890,802	$2,541,228	$6,644,866	$-650,426