AIR SYSTEMS FOUNDATION INC (EIN 770452306) - 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

1997

Legal Domicile

Principal Officer

CHRISTINE DAVIS

Phone

4084280428

Tax Period

2023-01-01 to 2023-12-31

AIR SYSTEMS FOUNDATION INC, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $28K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE ASSISTANCE IN AREAS DIRECTLY RELATED TO THE NEEDS OF CHILDREN, AND TO ASSIST OTHER CHARITABLE ORGANIZATIONS IN THE ACCOMPLISHMENT OF THEIR GOALS WITHIN OUR COMMUNITY.

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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 $27,741

Program Service Revenue $0

Investment Income $133

Other Revenue $0

TOTAL REVENUE $27,874

Expense Breakdown

Grants Paid $35,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,750

Other Expenses $4,482

TOTAL EXPENSES $40,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,874	$56,338	-0.5%
Expenses	$40,232	$44,469	-0.1%
Net Income	$-12,358	$11,869	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE DAVIS	PRESIDENT	8.00	Officer Director	$0	$0	$0
ART WILLIAMS	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
KEN MCKENZIE	SECRETARY/TREASURER	8.00	Officer Director	$0	$0	$0
DAN ROGERS	DIRECTOR	0.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$27,874	$40,232	$42,567	$-12,358
2022	$56,338	$44,469	$54,925	$11,869
2021	$35,591	$43,678	$43,056	$-8,087
2020	$46,046	$46,146	$51,143	$-100
2019	$33,572	$27,369	$51,243	$6,203
2018	$28,603	$28,324	$45,040	$279

AIR SYSTEMS FOUNDATION INC