HOUSTON AERONAUTICAL HERITAGE SOCIETY INC (EIN 760612294) - 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

1998

Legal Domicile

Principal Officer

KAREN NICOLAOU

Phone

7134541940

Tax Period

2024-01-01 to 2024-12-31

HOUSTON AERONAUTICAL HERITAGE SOCIETY INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $325K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

RESEARCH, PROMOTE, AND PRESERVE THE AERONAUTICAL HERITAGE OF HOUSTON AND SOUTHEAST.

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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 $38,559

Program Service Revenue $46,362

Investment Income $0

Other Revenue $239,851

TOTAL REVENUE $324,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,069

Fundraising Expenses $0

Program Expenses $308,283

Other Expenses $291,016

TOTAL EXPENSES $315,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,772	$357,166	-0.1%
Expenses	$315,085	$355,322	-0.1%
Net Income	$9,687	$1,844	+4.3%

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

Total Directors

$18,438

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN NICOLAOU	PRESIDENT AND DIRECTOR	2.00	Officer Director	$0	$0	$0
BERNARD MORRIS	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE HAINES	DIRECTOR	20.00	Director	$18,438	$0	$18,438
BLAIR MCFARLAIN	SECRETARY AND DIRECTOR	3.00	Officer Director	$0	$0	$0
MAJORIE EVANS	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	$324,772	$315,085	$110,412	$9,687
2023	$357,166	$355,322	$110,793	$1,844
2022	$207,117	$321,487	$93,809	$-114,370
2021	$335,117	$212,081	$208,878	$123,036
2020	$160,594	$212,508	$122,445	$-51,914
2019	$287,737	$262,264	$150,989	$25,473
2018	$221,928	$217,495	$124,567	$4,433

HOUSTON AERONAUTICAL HERITAGE SOCIETY INC