Lone Star Flight Museum

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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

1986

Legal Domicile

Principal Officer

Anna Hawley

Phone

3467082517

Tax Period

2023-01-01 to 2023-12-31

Lone Star Flight Museum, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.9M exceeded revenue, resulting in a 49% operating deficit.

Mission

Lone Star Flight Museum (LSFM) celebrates flight and achievements in Texas aviation, engages youth through STEM (science, technology, engineering, and math), and believes aviation inspires achievement and endless possibilities.

Program Service Accomplishments

Program 1

Expenses: $3,080,021 Revenue: $1,572,964

Museum Operations - The LSFM collection has more than 5,000 artifacts, 80 linear feet of archives, 2,000 photographs, 2,000 books in the research library, and 24 aircraft on display with highlighted STEM facts. The Texas Aviation Hall of Fame, which includes three U.S. presidents, embodies lessons in character and achievement.

Program 2

Expenses: $904,948 Revenue: $163,901

Flight Program - Guests have the opportunity to meet the pilots and crew chiefs and fly in one of the Museum's historic planes and have the actual experience of how Science, Technology, Engineering...

Program 3

Expenses: $711,537 Revenue: $115,172

Education - The Lone Star Flight Museum combines a comprehensive education program with an immersive aviation experience to inspire young people toward the study of STEM disciplines. LSFM offers the opportunity to understand Texas' aviation history through the evolution of science with experiential learning opportunities to excite and empower youth toward futures of promise and purpose.

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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 $2,260,061

Program Service Revenue $841,615

Investment Income $6,580

Other Revenue $861,051

TOTAL REVENUE $3,969,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,859,771

Fundraising Expenses $426,317

Program Expenses $4,696,506

Other Expenses $4,051,064

TOTAL EXPENSES $5,910,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,969,307	$3,607,984	+0.1%
Expenses	$5,910,835	$4,851,784	+0.2%
Net Income	$-1,941,528	$-1,243,800	+0.6%

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

$527,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott E Rozzell	Chair	4.00	Officer Director	$0	$0	$0
Anthony W Hall Jr	Vice Chair	2.00	Officer Director	$0	$0	$0
Marshall P Cloyd	Past Chair	2.00	Director	$0	$0	$0
Mark Ammerman	Director	2.00	Director	$0	$0	$0
Brian Antweil	Director	2.00	Director	$0	$0	$0
Steve Biegel	Director	2.00	Director	$0	$0	$0
Ted Collier	Director through 11/2023	2.00	Director	$0	$0	$0
Dan Collins	Director	2.00	Director	$0	$0	$0
Bonnie Dunbar	Director	2.00	Director	$0	$0	$0
Terence Fontaine	Director	2.00	Director	$0	$0	$0
David Heaney	Director through 11/2023	2.00	Director	$0	$0	$0
Barry Hunsaker	Director	2.00	Director	$0	$0	$0
Pat Keefer	Director	2.00	Director	$0	$0	$0
Rebecca Lutte	Director	2.00	Director	$0	$0	$0
David Novelli	Director	2.00	Director	$0	$0	$0
Pete Olson	Director	2.00	Director	$0	$0	$0
Rob Parrish	Director	2.00	Director	$0	$0	$0
Jason Ryan	Director	2.00	Director	$0	$0	$0
Charles Szalkowski	Director	2.00	Director	$0	$0	$0
Ralph Thomas	Director	2.00	Director	$0	$0	$0
Chad Thumann	Director	2.00	Director	$0	$0	$0
Robert Wagnon	Director	2.00	Director	$0	$0	$0
Brett Williams	Director	2.00	Director	$0	$0	$0
Douglas H Owens	President & CEO	40.00	Officer	$290,250	$1,535	$291,785
Anna Hawley	COO	40.00	Officer	$145,000	$1,214	$146,214
Dallas W Bean	Controller, Sec/Treasurer	40.00	Officer	$82,123	$7,124	$89,247

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	$3,969,307	$5,910,835	$37,251,395	$-1,941,528
2022	$3,607,984	$4,851,784	$39,030,155	$-1,243,800
2021	$4,057,590	$4,772,457	$40,810,370	$-714,867
2020	$11,942,162	$4,614,494	$40,524,094	$7,327,668
2019	$3,551,923	$5,791,337	$41,932,202	$-2,239,414
2018	$3,364,258	$6,296,591	$45,024,668	$-2,932,333