THE MIGHTY EIGHTH FOUNDATION INC (EIN 753076651) - 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

RUTH MCMULLIN

Phone

9127488888

Tax Period

2024-01-01 to 2024-12-31

THE MIGHTY EIGHTH FOUNDATION INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $285K in total revenue in fiscal year 2024. Revenue surged 488% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 41% operating margin.

Mission

SUPPORTING ORGANIZATION FOR THE NATIONAL MUSEUM OF THE MIGHTY EIGHTH AIR FORCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $39,337

Program Service Revenue $0

Investment Income $248,556

Other Revenue $-3,031

TOTAL REVENUE $284,862

Expense Breakdown

Grants Paid $110,832

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,104

Other Expenses $57,183

TOTAL EXPENSES $168,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,862	$48,412	+4.9%
Expenses	$168,015	$132,825	+0.3%
Net Income	$116,847	$-84,413	-2.4%

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

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
DOUG ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM CATHCART	BOARD MEMBER	1.00	Director	$0	$0	$0
EG SHULER JR	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR BELL JR	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH MCMULLIN	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
FREDERICK MULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ART SCHMAUDER	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY THIMME	TREASURER	1.00	Officer 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	$284,862	$168,015	$2,571,001	$116,847
2023	$48,412	$132,825	$2,472,282	$-84,413
2022	$70,727	$139,744	$2,289,979	$-69,017
2022	$70,727	$139,744	$2,289,979	$-69,017
2021	$632,459	$156,058	$2,779,636	$476,401
2020	$88,449	$179,358	$2,384,936	$-90,909
2019	$133,379	$172,748	$2,382,806	$-39,369
2018	$177,625	$210,025	$2,132,188	$-32,400

THE MIGHTY EIGHTH FOUNDATION INC