TEXAS BARNSTORMING MUSEUM

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

JIM BAKER

Tax Period

2023-01-01 to 2023-12-31

TEXAS BARNSTORMING MUSEUM, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 39% operating deficit.

Mission

PRESERVING HISTORICAL AIRCRAFT

Program Service Accomplishments

Program 1

Expenses: $142,995

RESTORATION AND PRESERVATION OF HISTORICAL AIRCRAFT AND DISPLAYS OF THE AIRCRAFT TO EDUCATE THE PUBLIC ABOUT THE SIGNIFICANCE OF THE PLANES IN THE PAST

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,400

Program Service Revenue $0

Investment Income $0

Other Revenue $100,447

TOTAL REVENUE $102,847

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,995

Other Expenses $140,995

TOTAL EXPENSES $142,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,847	$229,203	-0.6%
Expenses	$142,995	$143,560	0.0%
Net Income	$-40,148	$85,643	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MIKE JANSKY	DIRECTOR	10.00	Director	$0	$0	$0
KELLY JERNIGAN	DIRECTOR	5.00	Director	$0	$0	$0
JIM BAKER	PRESIDENTDIRECTOR	20.00	Officer Director	$0	$0	$0
LISA BAKER	VP-TREASDIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$102,847	$142,995	$310,486	$-40,148
2022	$229,203	$143,560	$368,134	$85,643
2021	$124,239	$110,188	$243,912	$14,051