ARIZONA AEROSPACE FOUNDATION

EIN: 866031135 501(c)(3) Arts, Culture & Humanities

TUCSON, AZ

Total Revenue
$11,386,797
Total Expenses
$12,967,499
Total Assets
$32,745,603
Net Assets
$31,723,766
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
AZ
Principal Officer
GEORGE HENDERSON
Phone
5205740462
Tax Period
2024-11-01 to 2025-09-30

ARIZONA AEROSPACE FOUNDATION, founded in 1967, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.4M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $13.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO CREATE UNLIMITED HORIZONS IN AEROSPACE EDUCATION THROUGH THE PRESERVATION AND PRESENTATION OF THE HISTORY OF FLIGHT AND MILITARY VEHICLES. THE PIMA AIR & SPACE MUSEUM, THE TITAN MISSILE MUSEUM, AND THE TUCSON MILITARY VEHICLE MUSEUM HAVE STRONG COMMITMENTS TO EDUCATING AND INSPIRING TOMORROW'S ENGINEERS, SCIENTISTS, PILOTS, AND ASTRONAUTS. EVERY YEAR, THOUSANDS OF SCHOOL CHILDREN ARE ADMITTED TO ALL MUSEUMS FREE OF CHARGE. THE FOUNDATION PLANS TO CONTINUE EXPANDING ITS COLLECTION OF AIRCRAFT AND VEHICLES, IMPROVING ITS VISITOR AMENITIES, WHILE EXPLORING NEW WAYS TO FOSTER AN INTEREST IN THE FUTURE OF TECHNOLOGY AND EXPLORATION IN THE YOUNG PEOPLE OF SOUTHERN ARIZONA.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,529,621
Program Service Revenue $4,662,732
Investment Income $180,489
Other Revenue $1,013,955
TOTAL REVENUE $11,386,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,932,852
Fundraising Expenses $2,101
Program Expenses $11,348,513
Other Expenses $10,034,647
TOTAL EXPENSES $12,967,499

Year-over-Year Comparison

2024 2023 Change
Revenue $11,386,797 $20,941,065 -0.5%
Expenses $12,967,499 $12,324,990 +0.1%
Net Income $-1,580,702 $8,616,075 -1.2%
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

Sign In

Governance

Voting Members
18
Independent Members
18
Employees
104
Volunteers
56

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
6
$347,115
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER WALKER TRUSTEE 1.00
Director
$0 $0 $0
MAJ GEN RUSSELL VIOLETT TRUSTEE 1.00
Director
$0 $0 $0
JOHN TALLICHET TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL STILB TRUSTEE 1.00
Director
$0 $0 $0
PATRICK PEPPER TRUSTEE 1.00
Director
$0 $0 $0
COL NEIL AURELIO TRUSTEE 1.00
Director
$0 $0 $0
MARK GASPARS TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM FISHKIND TRUSTEE 1.00
Director
$0 $0 $0
GARY ABRAMS TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL RUSING TRUSTEE 1.00
Director
$0 $0 $0
JOHN MARS TRUSTEE 1.00
Director
$0 $0 $0
LT GEN ROBERT B JOHNSTON TRUSTEE 1.00
Director
$0 $0 $0
BOYD DRACHMAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
TOM MURPHY VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
GEORGE HENDERSON TREASURER 1.00
Officer Director
$0 $0 $0
JOHN WISNER SECRETARY 0.00
Officer Director
$0 $0 $0
KENNETH SCOTT MARCHAND CEO 40.00
Officer
$222,500 $0 $222,500
MELISA LEY DIR OF FINANCE & ADMINISTR 40.00
Officer
$124,615 $0 $124,615
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 $11,386,797 $12,967,499 $32,745,603 $-1,580,702
2024 $20,941,065 $12,324,990 $32,970,517 $8,616,075
2023 $13,126,194 $8,965,337 $23,622,449 $4,160,857
2022 $9,727,919 $6,828,659 $18,675,061 $2,899,260
2021 $4,690,714 $6,016,610 $16,203,164 $-1,325,896
2020 $5,120,663 $6,203,238 $17,592,171 $-1,082,575
2019 $7,955,950 $8,092,885 $18,715,197 $-136,935
2018 $9,464,921 $6,321,584 $18,801,405 $3,143,337
Explore More Nonprofits
Top 100 Nonprofits in Arizona Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ARIZONA AEROSPACE FOUNDATION with other nonprofits in Arizona and across the country.