Interior and Arctic Alaska Aeronau… - 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

1982

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Interior and Arctic Alaska Aeronautical Foundation, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 282% operating deficit.

Mission

To collect, protect, and preserve for educational purposes objects that reflect the history of interior and arctic alaskan aviation through acquiring, restoring, interpreting, and displaying historically significant objects.

Program Service Accomplishments

Program 1

Expenses: $73,155 Revenue: $28,001

Provide collection services and a place to keep and preserve aviation artifacts from Alaskas rich aviation history. Offer various educational services through the museum to local Alaskans and...

Provide collection services and a place to keep and preserve aviation artifacts from Alaskas rich aviation history. Offer various educational services through the museum to local Alaskans and visitors, including to interpret the collection for the public. The collection is kept in a building provided by the Fairbanks North Star Borough.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,105

Program Service Revenue $28,001

Investment Income $-16,771

Other Revenue $1,900

TOTAL REVENUE $30,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,075

Fundraising Expenses $0

Program Expenses $73,155

Other Expenses $34,490

TOTAL EXPENSES $115,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,235	$68,115	-0.6%
Expenses	$115,565	$132,205	-0.1%
Net Income	$-85,330	$-64,090	+0.3%

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
Roger Weggel	Board Member	1.00	Director	$0	$0	$0
Dave Williams	Board Member	1.00	Director	$0	$0	$0
Bill Green	Vice President	1.00	Officer Director	$0	$0	$0
Stan Halvorson	Secretary	1.00	Officer Director	$0	$0	$0
Eric Johansen	President	3.00	Officer Director	$0	$0	$0
Steve Martz	Treasurer	1.00	Officer Director	$0	$0	$0
Stephen Lundeen	Former Treasurer	1.00		$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	No data	No data	No data	No data
2023	$30,235	$115,565	$774,609	$-85,330
2022	$68,115	$132,205	$775,022	$-64,090
2021	$227,179	$86,161	$911,195	$141,018
2020	$33,747	$82,251	$833,390	$-48,504
2019	$91,238	$89,265	$845,282	$1,973
2018	$96,575	$86,213	$779,393	$10,362

Interior and Arctic Alaska Aeronautical Foundation