FLYING HERITAGE & COMBAT ARMOR MUS… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

JOYCE LEE

Phone

2063422000

Tax Period

2024-01-01 to 2024-09-03

FLYING HERITAGE & COMBAT ARMOR MUSEUM, founded in 2017, is a micro nonprofit that reported $22K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring.

Mission

THE FLYING HERITAGE & COMBAT ARMOR MUSEUM WAS THE PREMIERE MUSEUM OF OPERATING VINTAGE MILITARY TECHNOLOGY THAT PROVIDED UNIQUE SENSORY EXPERIENCES TO INSPIRE AND EDUCATE DIVERSE AUDIENCES ABOUT TECHNOLOGY AND HISTORY THROUGH EXPOSURE TO FLYING AND FIRING ICONIC ARTIFACTS AND SUPPORTIVE EXHIBITS. ARTIFACTS SOLD IN 2022.

Program Service Accomplishments

Program 1

THE PROGRAMS OF MUSEUM WERE CLOSED IN 2022. 2024 INVOLVED WINDING DOWN OF THE CHARITABLE ACTIVITIES AND LIQUIDATING THE ENTITY WITH THE APPROVAL OF WASHINGTON ATTORNEY GENERAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,722

Program Service Revenue $0

Investment Income $0

Other Revenue $6

TOTAL REVENUE $21,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,618

TOTAL EXPENSES $23,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,728	$521,151	-1.0%
Expenses	$23,618	$61,075,980	-1.0%
Net Income	$-1,890	$-60,554,829	-1.0%

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

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
ALISON IVEY	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
JOYCE LEE	VP/TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER ORNDORFF	DIRECTOR	1.00	Director	$0	$0	$0
LARRY WANGBERG	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MARITZ	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LEIGH JR	DIRECTOR	1.00	Director	$0	$0	$0
STUART ASHMAN	DIRECTOR	1.00	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
2024	$21,728	$23,618	No data	$-1,890
2023	$521,151	$61,075,980	$44,350	$-60,554,829
2022	$6,486,326	$3,614,222	$61,130,773	$2,872,104
2021	$3,332,397	$2,939,268	$58,146,985	$393,129
2020	$4,791,140	$4,259,958	$57,687,450	$531,182
2019	$5,319,797	$5,938,033	$58,361,301	$-618,236
2018	$62,607,481	$2,959,797	$60,879,376	$59,647,684

FLYING HERITAGE & COMBAT ARMOR MUSEUM