PORT TOWNSEND AERO MUSEUM (EIN 912122256) - 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

2001

Legal Domicile

Principal Officer

MICHAEL PAYNE

Phone

3606709297

Tax Period

2024-01-01 to 2024-12-31

PORT TOWNSEND AERO MUSEUM, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $932K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $231K, a strong 25% operating margin.

Mission

ANTIQUE AIRCRAFT AND ARTIFACT MUSEUM

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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 $549,061

Program Service Revenue $50,996

Investment Income $36,738

Other Revenue $295,673

TOTAL REVENUE $932,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,629

Fundraising Expenses $0

Program Expenses $643,383

Other Expenses $284,793

TOTAL EXPENSES $701,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$932,468	$1,442,781	-0.4%
Expenses	$701,422	$622,335	+0.1%
Net Income	$231,046	$820,446	-0.7%

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

$199,234

Total Directors

$199,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PAYNE	SECRETARY/TREAS	45.00	Officer Director	$199,234	$0	$199,234
WILLIAM SLEEPER	President	1.00	Officer Director	$0	$0	$0
TERRY O'BRIEN	Vice President	1.00	Officer Director	$0	$0	$0
DAVID WILKINSON	Director	1.00	Director	$0	$0	$0
JACK BECKER	Director	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	$932,468	$701,422	$9,133,007	$231,046
2023	$1,442,781	$622,335	$8,857,844	$820,446
2022	$816,897	$576,703	$8,009,835	$240,194
2021	$1,457,196	$555,776	$7,746,029	$901,420
2020	$621,101	$562,446	$6,844,363	$58,655
2019	$1,152,044	$630,353	$6,751,152	$521,691
2018	$1,311,519	$575,635	$6,198,040	$735,884

PORT TOWNSEND AERO MUSEUM