FLIGHT TEST HISTORICAL FOUNDATION (EIN 770003353) - 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

1983

Legal Domicile

Principal Officer

Art Thompson

Phone

6612581658

Tax Period

2023-10-01 to 2024-09-30

FLIGHT TEST HISTORICAL FOUNDATION, founded in 1983, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $163K, a strong 27% operating margin.

Mission

The mission of the Flight Test Historical Foundation is to raise funds to support the development of the Air Force Flight Test Center (AFFTC) Museum at Edwards AFB, California and the museum's Blackbird Airpark Annex at USAF Plant 42 in nearby Palmdale.

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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 $431,937

Program Service Revenue $0

Investment Income $11

Other Revenue $175,947

TOTAL REVENUE $607,895

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $139,845

Fundraising Expenses $49,226

Program Expenses $314,557

Other Expenses $298,612

TOTAL EXPENSES $444,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$607,895	$513,201	+0.2%
Expenses	$444,457	$294,070	+0.5%
Net Income	$163,438	$219,131	-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

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

$67,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Brown	General Manager	40.00	Officer	$67,269	$0	$67,269
Art Thompson	Chairman	2.00	Officer Director	$0	$0	$0
Wanda Killian	Treasurer	4.00	Officer Director	$0	$0	$0
Rex Moen	Parliamentarian	2.00	Officer Director	$0	$0	$0
Angella Raisian	Corr Secretary	2.00	Officer Director	$0	$0	$0
Christina Preston	Rec Secretary	2.00	Officer Director	$0	$0	$0
Edward L Burnett	2nd Vice Chair	2.00	Officer Director	$0	$0	$0
Lisa Gray	Past Chairwoman	2.00	Officer Director	$0	$0	$0
Leslie Uhazy	Vice Chairman	2.00	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	$607,895	$444,457	$4,289,163	$163,438
2023	$513,201	$294,070	$4,116,010	$219,131
2022	$292,517	$271,860	$3,770,942	$20,657
2021	$193,090	$155,390	$3,783,353	$37,700
2020	$404,107	$164,680	$3,685,947	$239,427
2019	$202,300	$221,399	$3,445,291	$-19,099
2018	$240,382	$208,968	$3,456,703	$31,414
2018	$212,478	$199,102	$3,476,797	$13,376

FLIGHT TEST HISTORICAL FOUNDATION