AEROSPACE HERITAGE FOUNDATION OF UT (EIN 870393645) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

KEVIN SULLIVAN

Phone

8017374344

Tax Period

2023-01-01 to 2023-12-31

AEROSPACE HERITAGE FOUNDATION OF UT, founded in 1982, is a small nonprofit that reported $766K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 53% operating deficit.

Mission

FOUNDED TO PROVIDE CAPITAL SUPPORT FOR HILL AEROSPACE MUSEUM IN ROY, UTAH. THIS SUPPORT PROVIDES FOR THE MUSEUM'S FACILITY IMPROVEMENT, MUSEUM EXPANSION, AND PROJECTS FOR WHICH AIR FORCE FUNDING IS NOT AVAILABLE. ADDITIONALLY OUR GOAL IS TO EDUCATE, EXCITE AND LEAD STUDENTS AND VISITORS INTO THE WORLD OF FLIGHT AND THE EVER-EXPANDING KNOWLEDGE OF SPACE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $508,958

Program Service Revenue $0

Investment Income $10,439

Other Revenue $246,433

TOTAL REVENUE $765,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,081

Fundraising Expenses $15,257

Program Expenses $1,109,785

Other Expenses $853,300

TOTAL EXPENSES $1,172,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$765,830	$4,682,888	-0.8%
Expenses	$1,172,381	$4,539,051	-0.7%
Net Income	$-406,551	$143,837	-3.8%

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

130

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

$129,872

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBB ALEXANDER	NONVOTING DI	40.00	Director	$129,872	$0	$129,872
TERRY BEAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BARNEY CHAPMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RICH COLLINGS	BAORD MEMBER	2.00	Director	$0	$0	$0
PAT CONDON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERYL COX	BOARD MEMBER	2.00	Director	$0	$0	$0
TAGE FLINT	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN GARRETT	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT GILMORE	BOARD MEMBER	2.00	Director	$0	$0	$0
WALT GOULD	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN IRELAND	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN E LINDQUIST	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL LOVE	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT NOWLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD PANTONE	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE PERRY	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD QUIMBY	BOARD MEMBER	2.00	Director	$0	$0	$0
WESTON SAUNDERS	TREASURER	2.00	Director	$0	$0	$0
KEVIN SULLIVAN	CHAIR	2.00	Officer Director	$0	$0	$0
FRANK WELLS	LEGAL COUNSE	2.00	Director	$0	$0	$0
RUSSELL WESTCOTT	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$765,830	$1,172,381	$1,338,277	$-406,551
2022	$4,682,888	$4,539,051	$1,708,475	$143,837
2021	$677,943	$417,400	$1,687,061	$260,543
2020	$635,037	$363,014	$1,423,859	$272,023
2019	$575,886	$528,181	$1,108,767	$47,705
2018	$524,713	$436,445	$1,018,778	$88,268

AEROSPACE HERITAGE FOUNDATION OF UT