WAR EAGLES AIR MUSEUM

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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

1989

Legal Domicile

Principal Officer

CAROL JOHNSON

Phone

5755892000

Tax Period

2025-01-01 to 2025-12-31

WAR EAGLES AIR MUSEUM, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $672K in total revenue in fiscal year 2025. Revenue surged 159% from the prior year, signaling strong growth momentum. Expenses of $786K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO COLLECT, RESTORE, PRESERVE AND DISPLAY HISTORICALLY SIGNIFICANT AIRCRAFT AND AUTOMOBILES AND SUPPORTING EXHIBITS TO ENCOURAGE THE AWARENESS, APPRECIATION AND RESPECT OF MILITARY HISTORY

Program Service Accomplishments

Program 1

Expenses: $571,132 Revenue: $255,355

WAR EAGLES AIR MUSEUM PROVIDES EDUCATIONAL EXHIBITIONS AND INTERPRETATION OF HISTORICAL MILITARY AIRCRAFT AND RELATED MILITARY EQUIPMENT. THE MUSEUM IS OPEN TO THE PUBLIC FIVE DAYS A WEEK YEAR-ROUND. THE MUSEUM ALSO HOSTS PUBLIC EVENTS DURING THE YEAR AND HAS AN EXTENSIVE LIBRARY AND RESEARCH CENTER FOR MUSEUM MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $415,530

Program Service Revenue $215,586

Investment Income $1,553

Other Revenue $39,769

TOTAL REVENUE $672,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,716

Fundraising Expenses $0

Program Expenses $571,132

Other Expenses $507,238

TOTAL EXPENSES $785,954

Year-over-Year Comparison

	2025	2024	Change
Revenue	$672,438	$259,382	+1.6%
Expenses	$785,954	$842,097	-0.1%
Net Income	$-113,516	$-582,715	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL JOHNSON	PRESIDENT	1.00	Director	$0	$0	$0
STEVEN JOHNSON	VICE PRESIDENT	1.00	Director	$0	$0	$0
ALAN RUSSEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LAUTERBACH	TREASURER	1.00	Director	$0	$0	$0
RITA THACKER	SECRETARY	1.00	Director	$0	$0	$0
MIKE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR MORENO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCGEE	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
2025	$672,438	$785,954	$16,329,461	$-113,516
2024	No data	No data	No data	No data
2023	$744,751	$701,295	$16,476,505	$43,456
2022	$454,513	$605,967	$16,308,277	$-151,454
2021	$263,530	$386,323	$16,451,025	$-122,793
2020	$276,313	$351,471	$16,568,465	$-75,158
2019	$340,509	$363,864	$16,641,062	$-23,355