OLYMPIC FLIGHT MUSEUM

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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

2025-01-01 to 2025-12-31

OLYMPIC FLIGHT MUSEUM, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $173K in total revenue in fiscal year 2025. Expenses of $204K exceeded revenue, resulting in a 18% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $93,193

MAINTAINING MUSEUM OPERATIONS FOR PUBLIC BENEFIT PRESENTING EXHIBITS, INTERPRETATIONS, AND HERITAGE AVIATION EXPERIENCES.

Program 2

Expenses: $46,600

DEVELOP AVIATION EVENTS HOSTED BY THE MUSEUM TO PROMOTE INTEREST IN AVIATION AND THE PRESERVATION OF AVIATION HISTORY TO THE COMMUNITY.

Program 3

Expenses: $46,600

OFF SITE APPEARANCES THOUGHOUT THE PACIFIC NORTHWEST TO PROMOTE EDUCATION AND AWARENESS OF AVIATION HISTORY.

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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 $47,931

Program Service Revenue $15,030

Investment Income $1,249

Other Revenue $108,633

TOTAL REVENUE $172,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,731

Fundraising Expenses $7,797

Program Expenses $186,393

Other Expenses $155,301

TOTAL EXPENSES $204,032

Year-over-Year Comparison

	2025	2024	Change
Revenue	$172,843	$164,432	+0.1%
Expenses	$204,032	$113,706	+0.8%
Net Income	$-31,189	$50,726	-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

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
2025	$172,843	$204,032	$593,837	$-31,189
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