MUSEUM OF FLIGHT FOUNDATION

EIN: 910785826 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$75,663,364
Total Expenses
$30,000,457
Total Assets
$422,758,694
Net Assets
$410,626,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WA
Principal Officer
MATTHEW HAYES
Phone
2067645700
Tax Period
2024-01-01 to 2024-12-31

MUSEUM OF FLIGHT FOUNDATION, founded in 1965, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $75.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $45.7M, a strong 60% operating margin.

Mission

THE MUSEUM OF FLIGHT EXISTS TO ACQUIRE, PRESERVE AND EXHIBIT HISTORICALLY SIGNIFICANT AIR AND SPACE ARTIFACTS, WHICH PROVIDE A FOUNDATION FOR SCHOLARLY RESEARCH, AND LIFELONG LEARNING PROGRAMS THAT INSPIRE AN INTEREST IN AND UNDERSTANDING OF SCIENCE, TECHNOLOGY AND THE HUMANITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,071,253
Program Service Revenue $10,552,837
Investment Income $1,961,549
Other Revenue $3,077,725
TOTAL REVENUE $75,663,364

Expense Breakdown

Grants Paid $238,553
Salaries & Benefits $17,210,232
Fundraising Expenses $2,493,663
Program Expenses $23,688,610
Other Expenses $12,551,672
TOTAL EXPENSES $30,000,457

Year-over-Year Comparison

2024 2023 Change
Revenue $75,663,364 $65,311,789 +0.2%
Expenses $30,000,457 $26,853,233 +0.1%
Net Income $45,662,907 $38,458,556 +0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
54
Independent Members
54
Employees
314
Volunteers
509

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
7
$779,251
Total Directors
60
$0
Key Employees
4
$999,973
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON LIMES BOARD CHAIR 2.00
Officer Director
$0 $0 $0
KENT RAMSEY BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
KATIE PRIBYL BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
SRI THORNTON BOARD TREASURER 2.00
Officer Director
$0 $0 $0
GEORGE ABBEY TRUSTEE (THROUGH 3/24) 2.00
Director
$0 $0 $0
MARK ARMSTRONG TRUSTEE 2.00
Director
$0 $0 $0
NANCY AUTH TRUSTEE 2.00
Director
$0 $0 $0
BILL AYER TRUSTEE 2.00
Director
$0 $0 $0
TOM BAILLIE TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
JOHN BARRATT TRUSTEE 2.00
Director
$0 $0 $0
BRENT BODAL TRUSTEE 2.00
Director
$0 $0 $0
JON BOWMAN TRUSTEE (THROUGH 12/24) 2.00
Director
$0 $0 $0
TOM CAPTAIN TRUSTEE 2.00
Director
$0 $0 $0
SCOTT CARSON TRUSTEE 2.00
Director
$0 $0 $0
GARY COHN TRUSTEE 2.00
Director
$0 $0 $0
CAROLYN CORVI TRUSTEE 2.00
Director
$0 $0 $0
BOB DANNENHOLD TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
DOUG DEVRIES TRUSTEE 2.00
Director
$0 $0 $0
CAITLIN O'KEEFE DIETRICH TRUSTEE 2.00
Director
$0 $0 $0
CHRIS DREWER TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN ELOP TRUSTEE 2.00
Director
$0 $0 $0
JIM FARMER TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY SCOTT FORD TRUSTEE 2.00
Director
$0 $0 $0
STEVE FULTON TRUSTEE 2.00
Director
$0 $0 $0
BRETT GERRY TRUSTEE 2.00
Director
$0 $0 $0
TOM GIBBONS TRUSTEE 2.00
Director
$0 $0 $0
MIKE HALLMAN TRUSTEE 2.00
Director
$0 $0 $0
ELAINE HELLER TRUSTEE 2.00
Director
$0 $0 $0
BRUCE HILYER TRUSTEE 2.00
Director
$0 $0 $0
CRAIG HOWARD TRUSTEE 2.00
Director
$0 $0 $0
SHAUNTA HYDE TRUSTEE 2.00
Director
$0 $0 $0
SUZANNE JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
MARY KNELL TRUSTEE 2.00
Director
$0 $0 $0
CRYSTAL KNOTEK TRUSTEE 2.00
Director
$0 $0 $0
MIKE KOSS TRUSTEE 2.00
Director
$0 $0 $0
NED LAIRD TRUSTEE 2.00
Director
$0 $0 $0
ANTOINE LEBLOND TRUSTEE 2.00
Director
$0 $0 $0
DOTTIE METCALF-LINDENBURGER TRUSTEE 2.00
Director
$0 $0 $0
CHARLIE LYFORD TRUSTEE 2.00
Director
$0 $0 $0
BRUCE R MCCAW TRUSTEE 2.00
Director
$0 $0 $0
BILL MCCUTCHEON TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
ROB MEYERSON TRUSTEE 2.00
Director
$0 $0 $0
ROGER MYERS TRUSTEE 2.00
Director
$0 $0 $0
BRYAN NAIRN TRUSTEE (FROM 04/24) 2.00
Director
$0 $0 $0
KARL NEIDERS TRUSTEE 2.00
Director
$0 $0 $0
JOHN ODOM TRUSTEE 2.00
Director
$0 $0 $0
TOM O'KEEFE TRUSTEE 2.00
Director
$0 $0 $0
CHELSEA OLSON TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN RATZLAFF TRUSTEE 2.00
Director
$0 $0 $0
JOE SILVERNALE TRUSTEE 2.00
Director
$0 $0 $0
SANDY STELLING TRUSTEE 2.00
Director
$0 $0 $0
JASON SUTHERLAND TRUSTEE 2.00
Director
$0 $0 $0
STEVE TAYLOR TRUSTEE 2.00
Director
$0 $0 $0
DANIELLE YOAKUM TILDEN TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
PAM VALDEZ TRUSTEE 2.00
Director
$0 $0 $0
ERIKA WAGNER TRUSTEE 2.00
Director
$0 $0 $0
KEVIN WELLS TRUSTEE 2.00
Director
$0 $0 $0
ROB WELLS TRUSTEE (FROM 4/24) 2.00
Director
$0 $0 $0
JEFF WIPER TRUSTEE 2.00
Director
$0 $0 $0
KEVIN WYMAN TRUSTEE 2.00
Director
$0 $0 $0
MATTHEW HAYES PRESIDENT & CEO 40.00
Officer
$446,060 $34,413 $480,473
LYNDA KING VP FINANCE & OPERATIONS 40.00
Officer
$230,569 $21,841 $252,410
CLARK MILLER VP OPERATIONS (THROUGH 1/24) 40.00
Officer
$43,514 $2,854 $46,368
ALAN SWITZER VP DEVELOPMENT 40.00
Key Emp
$252,876 $28,427 $281,303
DANA RILEY-BLACK VP EDUCATION 40.00
Key Emp
$237,845 $22,107 $259,952
ERIKA CALLAHAN VP MARKETING & VISITOR EXPERIENCE 40.00
Key Emp
$227,470 $18,193 $245,663
WILLIAM FRENCH VP PEOPLE & CULTURE 40.00
Key Emp
$184,763 $28,292 $213,055
CHRISTOPHER SMITH DIRECTOR IT 40.00
Highest
$158,389 $30,941 $189,330
NANCY TERRY CONTROLLER 40.00
Highest
$145,981 $17,815 $163,796
CHRIS MAILANDER DIRECTOR EXHIBITS 40.00
Highest
$138,723 $21,489 $160,212
KRISHNA RICHARDSON DANIELS DIRECTOR COMMUNITY ENGAGEMENT 40.00
Highest
$136,736 $16,835 $153,571
DAVID LONGMIRE DIRECTOR FACILITIES 40.00
Highest
$142,566 $10,441 $153,007
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 $75,663,364 $30,000,457 $422,758,694 $45,662,907
2023 $65,311,789 $26,853,233 $372,294,422 $38,458,556
2022 $43,389,189 $24,336,514 $327,677,803 $19,052,675
2021 $40,753,721 $19,566,852 $316,961,475 $21,186,869
2020 $18,574,103 $17,843,155 $291,953,383 $730,948
2019 $28,399,588 $26,270,854 $285,677,859 $2,128,734
2018 $23,947,628 $23,769,517 $280,986,232 $178,111
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