OLYMPIC FLIGHT MUSEUM (EIN 911899948) - 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

1998

Legal Domicile

Phone

3607053925

Tax Period

2024-01-01 to 2024-12-31

OLYMPIC FLIGHT MUSEUM, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $164K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 31% operating margin.

Mission

The preservation and flying of vintage aircraft. The museum was founded with the goal of bringing people together to relive, recollect, and learn about aviation history. Our mission is to deliver the sights, sounds, smells, and excitement of flight to every museum visitor.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,765

Program Service Revenue $13,565

Investment Income $-23

Other Revenue $94,125

TOTAL REVENUE $164,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,943

Fundraising Expenses $9,938

Program Expenses $94,276

Other Expenses $65,763

TOTAL EXPENSES $113,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,432	$134,306	+0.2%
Expenses	$113,706	$154,209	-0.3%
Net Income	$50,726	$-19,903	-3.5%

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

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
BRIAN REYNOLDS	President	1.00	Officer Director	$0	$0	$0
JIM GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM THORNING	BOARD MEMBER	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
2024	$164,432	$113,706	$610,098	$50,726
2023	$134,306	$154,209	$560,239	$-19,903
2022	$53,020	$102,756	$580,317	$-49,736
2021	$79,951	$85,980	$632,993	$-6,029
2020	$23,304	$72,404	$633,931	$-49,100
2019	$181,591	$155,739	$684,010	$25,852
2018	$142,175	$144,487	$657,896	$-2,312

OLYMPIC FLIGHT MUSEUM