AIRCRAFT CARRIER HORNET FOUNDATION (EIN 943226801) - 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

Principal Officer

LAURA FIES

Phone

5105218448

Tax Period

2023-07-01 to 2024-06-30

AIRCRAFT CARRIER HORNET FOUNDATION, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 33% operating deficit.

Mission

AIRCRAFT CARRIER HORNET FOUNDATION PRESERVES AND HONORS THE LEGACY OF THE USS HORNET.

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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 $407,921

Program Service Revenue $1,919,460

Investment Income $83,779

Other Revenue $179,974

TOTAL REVENUE $2,591,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,110,090

Fundraising Expenses $33,099

Program Expenses $2,446,580

Other Expenses $1,345,981

TOTAL EXPENSES $3,456,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,591,134	$3,777,837	-0.3%
Expenses	$3,456,071	$3,697,387	-0.1%
Net Income	$-864,937	$80,450	-11.8%

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

300

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

$165,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM LAMONICA	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
MAUREEN VAVRA	BOARD VICE-CHAIR	5.00	Officer Director	$0	$0	$0
TIM LUTZ	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
SUE RODERICK	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
CLIFF BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT LIBBY	BOARD MEMBER	2.00	Director	$0	$0	$0
CECILIA GAERLAN	BOARD MEMBER	4.00	Director	$0	$0	$0
ANUDEEP BHATIA	BOARD MEMBER	5.00	Director	$0	$0	$0
JONATHAN YUEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROLF SABYE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHUCK MYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
DREW DEWALT	BOARD MEMBER	1.00	Director	$0	$0	$0
ISY ANSCHUTZ	CHIEF COMPLIANCE OFFICER	40.00	Officer	$80,000	$0	$80,000
LAURA FIES	CHIEF OPERATIONS OFFICER	40.00	Officer	$85,000	$0	$85,000

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	No data	No data	No data	No data
2024	$2,591,134	$3,456,071	$2,169,431	$-864,937
2023	$3,777,837	$3,697,387	$3,440,590	$80,450
2022	$4,113,760	$2,355,280	$3,215,418	$1,758,480
2021	$891,727	$1,262,764	$2,048,210	$-371,037
2020	$1,881,776	$2,274,539	$2,073,603	$-392,763
2019	$2,577,417	$3,068,692	$1,646,322	$-491,275
2018	$2,982,030	$3,339,226	$2,243,497	$-357,196

AIRCRAFT CARRIER HORNET FOUNDATION