VINTAGE WINGS

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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

2018

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

VINTAGE WINGS, founded in 2018, is a micro nonprofit that reported $34K in total revenue in fiscal year 2020. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $47K exceeded revenue, resulting in a 39% operating deficit.

Mission

AVIATION MUSEUM DEDICATED TO THE RESTORATION, PRESERVATION AND PUBLIC EDUCATION CONCERNING ANTIQUE AND VINTAGE AIRCRAFTS

Program Service Accomplishments

Program 1

Expenses: $20,057

THE ORGANIZATION MAINTAINED ITS HANGER SPACE TO HOUSE AND SHOW ITS VINTAGE AIRPLANES AND RESTORATION EQUIPMENT.

Program 2

Expenses: $4,977

THE ORGANIZATION CONDUCTED RESTORATION WORK ON VINTAGE AIRCRAFTS THAT WERE DONATED DURING THE CURRENT AND PRIOR YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $33,654

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $33,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,839

Fundraising Expenses $7,215

Program Expenses $25,034

Other Expenses $27,937

TOTAL EXPENSES $46,776

Year-over-Year Comparison

	2020	2019	Change
Revenue	$33,654	$479,092	-0.9%
Expenses	$46,776	$62,378	-0.3%
Net Income	$-13,122	$416,714	-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

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

$17,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DRUGGE	PRESIDENT	25.00	Officer	$17,500	$0	$17,500
DON BENNETT	BOARD MEMBER	10.00	Director	$0	$0	$0
FRANK RIDDICK	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE KOEGLER	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM GLAVIN	TREASURER	5.00	Officer	$0	$0	$0
ROBERT KUZLOSKI	SECRETARY	15.00	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
2020	$33,654	$46,776	$525,949	$-13,122
2019	$479,092	$62,378	$553,860	$416,714