FLYING MACHINE & HORSELESS CARRIAGE MUSEUM

EIN: 811558536 501(c)(3) Arts, Culture & Humanities

Richmond, TX

Total Revenue
$20,000
Total Expenses
$6,550
Total Assets
$619,229
Net Assets
$619,229
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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
2016
Legal Domicile
TX
Principal Officer
Mark S Haag
Phone
8326544224
Tax Period
2020-01-01 to 2020-12-31

FLYING MACHINE & HORSELESS CARRIAGE MUSEUM, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $20K in total revenue in fiscal year 2020. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 67% operating margin.

Mission

To provide a museum of vintage automobiles and airplanes to display to the public to ncrease knowledge of the history of automobiles and airplanes.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

There were no Program Service Accomplishments

Program 2
Expenses: $0 Revenue: $0

There were no Program Service Accomplishments

Program 3
Expenses: $0 Revenue: $0

There were no Program Service Accomplishments

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $20,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $6,550
TOTAL EXPENSES $6,550

Year-over-Year Comparison

2020 2019 Change
Revenue $20,000 $148,994 -0.9%
Expenses $6,550 N/A N/A
Net Income $13,450 $148,994 -0.9%
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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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark S Haag Director 20
Director
$0 $0 $0
Lisa Haag Director 10
Director
$0 $0 $0
Suzanne Inkley Director 2
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
2020 $20,000 $6,550 $619,229 $13,450
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