Lone Star Flight Museum (EIN 760213778) - 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

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

The mission of the Lone Star Flight Museum (LSFM) is to celebrate flight and achievements in Texas Aviation history and to engage our youth through science, technology, engineering, and math (STEM). Our vision is to be a dynamic and interactive educational museum reaching the youth of Texas as a recognized experience of choice. We believe aviation inspires achievement and endless possibilities.

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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

Lone Star Flight Museum