The Tom Wathen Center c/o Nina Bre… - 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

1999

Legal Domicile

Principal Officer

Kevin McKenzie

Phone

9516832309

Tax Period

2024-01-01 to 2024-12-31

The Tom Wathen Center c/o Nina Brentham, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 39% operating margin.

Mission

THE TOM WATHEN CENTER USES AVIATION TO STIMULATE AN INTEREST AND COMPETENCE IN SCIENSE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM), WITH A SPEICAL EMPHASIS ON AERONAUTICS AND ON DEVELOPING A SENSE OF CIVIC OBLIGATION AND LEADERSHIP. THESE PROGRAMS HAVE BEEN OFFERED TO STUDENTS RANGING IN AGE FROM ELEMENTARY THROUGH POST-SECONDARY, EMPHASIZING SECONDARY-SCHOOL STUDENTS. THE PROGRAMS OF INSTRUCTIONS ARE RELATED SO AS TO BUILD CONTINUITY OF LEARNING, STARTING WITH SIMPLE CONCEPTS AND PROGRESSING THROUGH INCREASINGLY SOPHISTICATED SUBJECT MATTER, ALL DESIGNED TO USE THE FASCINATION OF FLIGHT TO INSPIRE THE LOVE OF LEARNING FOR SUCCESSFUL CAREERS AND SATISFYING LIVES.

Program Service Accomplishments

Program 1

Expenses: $2,150,051 Revenue: $17,815

See Statement Attached.

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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 $3,729,379

Program Service Revenue $17,815

Investment Income $224,901

Other Revenue $92,526

TOTAL REVENUE $4,064,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $862,465

Fundraising Expenses $0

Program Expenses $2,150,051

Other Expenses $1,626,951

TOTAL EXPENSES $2,489,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,064,621	$9,851,273	-0.6%
Expenses	$2,489,416	$2,208,181	+0.1%
Net Income	$1,575,205	$7,643,092	-0.8%

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

N/A

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

$109,084

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH E LAROCK	Director of Operations	40.0	Highest	$114,757	$0	$114,757
NINA BRENTHAM	Chief Financial Officer	40.0	Officer	$109,084	$0	$109,084
Kevin McKenzie	Director and CEO	25.0	Officer Director	$0	$0	$0
Jon Goldenbaum	Trustee	5.0	Director	$0	$0	$0
Joe Fisher	Trustee	1.0	Director	$0	$0	$0
Stanley Stokes	Trustee	1.0	Director	$0	$0	$0
Brandon Ditullio	Trustee	1.0	Director	$0	$0	$0
Doug Jensen	Trustee	1.0	Director	$0	$0	$0
Richard Roth	Trustee	1.0	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	$4,064,621	$2,489,416	$43,456,359	$1,575,205
2023	$9,851,273	$2,208,181	$41,738,547	$7,643,092
2022	$2,813,817	$2,309,227	$33,724,498	$504,590
2021	$10,190,875	$1,738,218	$33,817,496	$8,452,657
2020	$1,621,606	$1,299,427	$25,364,881	$322,179

The Tom Wathen Center c/o Nina Brentham