FRIENDS OF ALBERT WHITTED AIRPORT … - 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

2022

Legal Domicile

Principal Officer

WALTER DRIGGERS

Phone

3528045900

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF ALBERT WHITTED AIRPORT INC, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $539K in total revenue in fiscal year 2025. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $651K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO CONNECT THE ST. PETERSBURG COMMUNITY WITH THE PAST, PRESENT, AND FUTURE OF ALBERT WHITTED AIRPORT. TO EDUCATE THE COMMUNITY ABOUT THE AIRPORT'S VALUE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $144,757

SCHOLARSHIP PROGRAM ENABLES THOSE INTERESTED IN FLIGHT SCHOOL TO BE ABLE TO ATTEND.

Program 2

Expenses: $27,144

STEM PROGRAM AIMED AT 12-16 YEAR OLDS. PROGRAMS ARE PLANNED WITH SPEAKERS, ASTRONAUTS, AND AIRPLANE MECHANICS TO FOSTER INTEREST IN AIRPLANES AND AIRPORTS.

Program 3

Expenses: $155,133

DOCUMENTARY ABOUT FLIGHT/ALBERT WHITTED AIRPORT

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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 $532,616

Program Service Revenue $0

Investment Income $6,087

Other Revenue $0

TOTAL REVENUE $538,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $327,034

Other Expenses $650,779

TOTAL EXPENSES $650,779

Year-over-Year Comparison

	2025	2024	Change
Revenue	$538,703	$310,772	+0.7%
Expenses	$650,779	$107,488	+5.1%
Net Income	$-112,076	$203,284	-1.6%

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

N/A

Employees

N/A

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
MARCUS ADOLFSSON	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA BAUMAN	TREASURE	2.00	Officer Director	$0	$0	$0
WALTER DRIGGERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIE DUNBAR	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT ESHLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
ROB MOLER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MIKE PETTING	DIRECTOR	2.00	Director	$0	$0	$0
RANDOLPH SNELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NICOLE STOTT	DIRECTOR	2.00	Director	$0	$0	$0
JOEL GILES	LEGAL	2.00	Officer	$0	$0	$0
BUD RISSER	DIRECTOR EME	2.00	Officer	$0	$0	$0
JACK TUNSTILL	DIRECTOR EME	2.00	Officer	$0	$0	$0
GARTH VERNON	EX-OFFICIO	2.00	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
2025	$538,703	$650,779	$181,248	$-112,076
2024	$638,626	$644,508	$90,040	$-5,882
2024	No data	No data	No data	No data

FRIENDS OF ALBERT WHITTED AIRPORT INC