HILLER AVIATION INSTITUTE (EIN 943226411) - 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

1995

Legal Domicile

Phone

6506540200

Tax Period

2024-07-01 to 2025-06-30

HILLER AVIATION INSTITUTE, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 9% surplus.

Mission

THE HILLER AVIATION MUSEUM USES aviation to inspire adventure and innovation while using science to explore how dreams of flight become a reality

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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 $500,824

Program Service Revenue $2,677,622

Investment Income $185,929

Other Revenue $582,641

TOTAL REVENUE $3,947,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,904,460

Fundraising Expenses $255,578

Program Expenses $2,876,146

Other Expenses $1,698,991

TOTAL EXPENSES $3,603,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,947,016	$3,391,133	+0.2%
Expenses	$3,603,451	$3,251,533	+0.1%
Net Income	$343,565	$139,600	+1.5%

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

446

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

$186,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Welte	CEO	40.00	Officer	$164,943	$21,327	$186,270
STEPHEN S HILLER	Chairman	1.00	Director	$0	$0	$0
RICHARD GOSTYLA	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT CHAMPION	BOARD MEMBER	1.00	Director	$0	$0	$0
MANUEL TERRANOVA	vice chairman	1.00	Director	$0	$0	$0
SCOTT CRONCE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB GRASSILLI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MUBARIK IMAM	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVER COOLIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA LEIBOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES LITCHFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK ELLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB LUNDY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK JON BLUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MACLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA SRIVASTAVA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSTEN KOMOROSKE	Secretary	1.00	Director	$0	$0	$0
HANK SCHERF	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	$3,947,016	$3,603,451	$15,603,781	$343,565
2024	$3,391,133	$3,251,533	$14,860,057	$139,600
2023	$3,071,111	$3,086,699	$14,229,767	$-15,588
2022	$3,172,781	$2,723,679	$13,765,649	$449,102
2021	$1,506,163	$1,745,100	$14,044,478	$-238,937
2020	$2,006,335	$2,580,690	$13,343,085	$-574,355
2019	$2,844,657	$2,693,869	$13,955,235	$150,788
2018	$2,791,899	$2,771,158	$13,803,506	$20,741

HILLER AVIATION INSTITUTE