Aviation Heritage Foundation Inc (EIN 760738466) - 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

2002

Legal Domicile

Principal Officer

Mackensie Wittmer

Phone

9374430165

Tax Period

2024-10-01 to 2025-09-30

Aviation Heritage Foundation Inc, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $973K left a modest 4% surplus.

Mission

The Aviation Heritage Foundation, Inc. seeks to conserve, interpret, develop, and promote the historic resources of the National Aviation Heritage Alliance.

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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 $976,362

Program Service Revenue $0

Investment Income $30,319

Other Revenue $2,524

TOTAL REVENUE $1,009,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,848

Fundraising Expenses $0

Program Expenses $927,578

Other Expenses $750,257

TOTAL EXPENSES $973,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,009,205	$1,479,042	-0.3%
Expenses	$973,105	$1,450,399	-0.3%
Net Income	$36,100	$28,643	+0.3%

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

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

$109,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Col Susan Richardson	Member-at-Large	2.00	Director	$0	$0	$0
Ted Prasse	Member-at-Large	2.00	Director	$0	$0	$0
Dr Michael L Heil	Member-at-Large	2.00	Director	$0	$0	$0
Dr Vince Russo	Designated Trustee	2.00	Director	$0	$0	$0
Dr Tom Crouch	Member-at-Large	2.00	Director	$0	$0	$0
Jeff Jackson	Member-at-Large	2.00	Director	$0	$0	$0
Stephanie Keinath	Member-at-Large	2.00	Director	$0	$0	$0
Anthony Perfilio	Member-at-Large	2.00	Director	$0	$0	$0
Judge Walter Rice	Member-at-Large	2.00	Director	$0	$0	$0
Harry A Seifert Jr	Member-at-Large	2.00	Director	$0	$0	$0
Don Adams	Designated Trustee	2.00	Director	$0	$0	$0
Rob Berner	Designated Trustee	2.00	Director	$0	$0	$0
Steve Brown	Designated Trustee	2.00	Director	$0	$0	$0
Adam Carpenter	Leadership Dayton	2.00	Director	$0	$0	$0
John Faulkner	Ex-officio	2.00	Director	$0	$0	$0
Tom Finkelmeier	Designated Trustee	2.00	Director	$0	$0	$0
Amanda Wright Lane	Designated Trustee	2.00	Director	$0	$0	$0
Jim McGarry	Alternate	2.00	Director	$0	$0	$0
Logan Miller	Member-at-Large	2.00	Director	$0	$0	$0
Christine Mortine	Member-at-Large	2.00	Director	$0	$0	$0
Charley Moses	Designated Trustee	2.00	Director	$0	$0	$0
Bill Slagle	WACO Air Museum	2.00	Director	$0	$0	$0
Amy Spowart	Member-at-Large	2.00	Director	$0	$0	$0
Kendell Thompson	Ex-officio	2.00	Director	$0	$0	$0
Ed Tomme	Member-at-Large	2.00	Director	$0	$0	$0
George Dalton	Leadership Dayton	2.00	Director	$0	$0	$0
Suresh Iyer	Leadership Dayton	2.00	Director	$0	$0	$0
Inma Kusnierek	Designated Trustee	2.00	Director	$0	$0	$0
Stephen Wright	Designated Trustee	2.00	Director	$0	$0	$0
Trish Wright	Designated Trustee	2.00	Director	$0	$0	$0
Demetri Capetanopoulos	Designated Trustee	2.00	Director	$0	$0	$0
Dan Apolito	Designated Trustee	2.00	Director	$0	$0	$0
Toni Vanden Bos	Ex-officio	2.00	Director	$0	$0	$0
Ben Sears	Designated Trustee	2.00	Director	$0	$0	$0
Bill Creviston	Designated Trustee	2.00	Director	$0	$0	$0
Mackensie Wittmer	Executive Director	40.00	Officer	$109,615	$0	$109,615

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
2025	$1,009,205	$973,105	$2,408,929	$36,100
2024	$1,479,042	$1,450,399	$1,891,458	$28,643
2023	$1,010,498	$1,008,039	$1,721,063	$2,459
2022	$936,502	$940,089	$1,873,322	$-3,587
2021	$880,670	$858,508	$1,810,938	$22,162
2020	$869,464	$796,437	$1,740,781	$73,027
2019	$412,797	$464,944	$1,706,807	$-52,147
2018	$706,464	$660,891	$1,672,881	$45,573

Aviation Heritage Foundation Inc