TOLEDO AIR SHOW FOUNDATION INC (EIN 811585020) - 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

2016

Legal Domicile

Principal Officer

DAVE WHITE JR

Phone

4192526261

Tax Period

2021-01-01 to 2021-12-31

TOLEDO AIR SHOW FOUNDATION INC, founded in 2016, is a micro nonprofit in the Education sector that reported $1 in total revenue in fiscal year 2021. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $943 exceeded revenue, resulting in a 94200% operating deficit.

Mission

FOR THE PRODUCTION AND OPERATION OF AN AIRSHOW FOR EDUCATING, ENTERTAINING, AND INFORMING THE GENERAL PUBLIC ABOUT AIRCRAFT, THE CAPABILITIES OF VARIOUS TYPES OF AIRCRAFT, AVIATION, AND AVIATION HISTORY

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $943

Other Expenses $943

TOTAL EXPENSES $943

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1	$3	-0.7%
Expenses	$943	$3,320	-0.7%
Net Income	$-942	$-3,317	-0.7%

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	Role	Reportable Comp	Other Comp	Total
MIKE TIMBROOK	EXECUTIVE DIRECTOR	Officer Director	$0	$0	$0
PAUL TOTH JR	TRUSTEE	Director	$0	$0	$0
WENDY GRAMZA	TRUSTEE	Director	$0	$0	$0
NICK CAMP	TRUSTEE	Director	$0	$0	$0
JOHN CRISP	TRUSTEE	Director	$0	$0	$0
DAVE WHITE JR	TRUSTEE	Officer Director	$0	$0	$0
KEVIN DOYLE	TRUSTEE	Director	$0	$0	$0
TODD DEINDOERFER	TRUSTEE	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
2021	$1	$943	$24,229	$-942
2020	$3	$3,320	$25,171	$-3,317
2019	$508,234	$557,435	$28,488	$-49,201
2018	$26,975	$42,978	$77,689	$-16,003

TOLEDO AIR SHOW FOUNDATION INC