SHANNON AIR MUSEUM LLC (EIN 813727257) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

LUKE CURTAS

Phone

5403734431

Tax Period

2024-01-01 to 2024-12-31

SHANNON AIR MUSEUM LLC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 204% from the prior year, signaling strong growth momentum. The organization ran a surplus of $948K, a strong 87% operating margin.

Mission

TO CREATE AN ATMOSPHERE WITHIN THE AVIATION COMMUNITY AND BEYOND, OF A HANDS-ON EXPERIENCE REGARDING AIRCRAFT FROM THE PAST, TO TOUCH THE LIVES OF PILOTS PAST PRESENT AND FUTURE AND THE COMMUNITY AT LARGE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $705,123

Program Service Revenue $28,782

Investment Income $24,600

Other Revenue $0

TOTAL REVENUE $758,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $403,474

Other Expenses $407,211

TOTAL EXPENSES $407,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$758,505	$123,138	+5.2%
Expenses	$407,211	$204,075	+1.0%
Net Income	$351,294	$-80,937	-5.3%

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

N/A

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
LUKE D CURTAS	PRESIDENT	10.00	Officer Director	$0	$0	$0
KIMBERLY G CURTAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
SEAN O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
DON SEREO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CURTAS	DIRECTOR	1.00	Director	$0	$0	$0
GREG FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
JIM SELLS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN O CURTAS	SECRETARY	10.00	Officer	$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	$758,505	$407,211	$8,439,858	$351,294
2023	$123,138	$204,075	$8,006,260	$-80,937
2022	$333,527	$179,695	$8,010,683	$153,832
2021	$936,619	$213,766	$5,977,248	$722,853
2020	$734,970	$132,003	$5,250,757	$602,967
2019	$76,307	$205,569	$4,647,790	$-129,262
2018	$1,095,779	$147,599	$4,777,052	$948,180

SHANNON AIR MUSEUM LLC