CHINA LAKE MUSEUM FOUNDATION (EIN 770340083) - 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

1993

Legal Domicile

Principal Officer

WAYNE DOUCETTE

Phone

7606772866

Tax Period

2024-10-01 to 2025-09-30

CHINA LAKE MUSEUM FOUNDATION, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $484K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE MUSEUM AND ITS ASSOCIATED EDUCATIONAL ACTIVITIES WILL PROVIDE THE HISTORY OF THE DEVELOPMENT OF ARMAMENT BY THE NAVAL AVIATION COMMUNITY INCLUDING THE TECHNOLOGICAL DEVELOPMENT IN THE LINEAGE OF THE ORGANIZATION AT CHINA LAKE AIR WEAPONS STATION, PAST AND PRESENT.

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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 $206,364

Program Service Revenue $0

Investment Income $521

Other Revenue $108,156

TOTAL REVENUE $315,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,424

Fundraising Expenses $0

Program Expenses $448,242

Other Expenses $371,647

TOTAL EXPENSES $484,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,041	$951,625	-0.7%
Expenses	$484,071	$405,000	+0.2%
Net Income	$-169,030	$546,625	-1.3%

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

359

Independent Members

359

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB SMITH	PRESIDENT	18.00	Officer	$0	$0	$0
MICHELLE KILIKAUSKAS	VICE PRESIDENT	3.50	Officer	$0	$0	$0
WAYNE DOUCETTE	TREASURER	7.00	Officer	$0	$0	$0
WAYNE WILLHITE	TREASURER	2.50	Officer	$0	$0	$0
KATHY SEALS	SECRETARY	4.00	Officer	$0	$0	$0
MARK BACKES	VP OPERATIONS	21.00	Officer	$0	$0	$0
RUSS BATES	VP OPERATIONS	9.00	Officer	$0	$0	$0
TOM MILLER	VP FACILITIES	9.00	Officer	$0	$0	$0
ALICE CAMPBELL	VP MEMBERSHIP	4.50		$0	$0	$0
BOB CAMPBELL	DIRECTOR	20.00		$0	$0	$0
CHARLIE MAY	DIRECTOR	3.00		$0	$0	$0
CHARLIE WHITE	DIRECTOR	5.00		$0	$0	$0
COURTNEY SMITH	DIRECTOR	1.50		$0	$0	$0
DENNIS COTT	DIRECTOR	18.00		$0	$0	$0
MALLORY BOYD	DIRECTOR	1.00		$0	$0	$0
MEGAN RAWSON	DIRECTOR	5.00		$0	$0	$0
MIKE BENTON	DIRECTOR	2.50		$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
2025	$315,041	$484,071	$2,621,800	$-169,030
2024	$951,625	$405,000	$2,791,280	$546,625
2023	$388,057	$333,446	$2,244,223	$54,611
2022	$292,891	$213,385	$2,199,960	$79,506
2021	$235,988	$214,418	$2,120,673	$21,570
2020	$263,753	$161,244	$2,083,887	$102,509
2019	$302,874	$194,873	$1,986,131	$108,001
2018	$368,453	$155,774	$1,871,891	$212,679

CHINA LAKE MUSEUM FOUNDATION