Planes of Fame Air Museum (EIN 956092771) - 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

1957

Legal Domicile

Phone

9095973722

Tax Period

2023-01-01 to 2023-12-31

Planes of Fame Air Museum, founded in 1957, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 62% operating margin.

Mission

It is the mission of Planes of Fame Air Museum to preserve aviation history, inspire interest in aviation, educate the public and honor aviation pioneers and veterans.

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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 $5,230,040

Program Service Revenue $931,205

Investment Income $246,871

Other Revenue $255,410

TOTAL REVENUE $6,663,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $556,821

Fundraising Expenses $0

Program Expenses $2,308,067

Other Expenses $1,949,399

TOTAL EXPENSES $2,506,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,663,526	$2,556,357	+1.6%
Expenses	$2,506,220	$1,927,794	+0.3%
Net Income	$4,157,306	$628,563	+5.6%

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

184

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
Steven Hinton	President	30.00	Officer Director	$0	$0	$0
Gary Johnson	Director	2.00	Director	$0	$0	$0
John Maloney	Vice President	40.00	Officer Director	$0	$0	$0
Steven Hinton II	Director	20.00	Director	$0	$0	$0
Karen Hinton	Secretary	20.00	Officer Director	$0	$0	$0
Les Whittlesey	Chairman	20.00	Officer Director	$0	$0	$0
Tom Nightingale	Treasurer	20.00	Officer Director	$0	$0	$0
Jerry Wilkins	Executive Dir.	40.00	Officer	$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	$6,663,526	$2,506,220	$24,144,577	$4,157,306
2022	$2,392,261	$2,201,937	$19,958,589	$190,324
2021	$3,835,681	$1,589,893	$19,144,993	$2,245,788
2020	$839,895	$1,481,189	$17,080,095	$-641,294
2019	$2,353,454	$2,768,577	$16,174,500	$-415,123
2018	$4,067,093	$2,491,904	$16,617,237	$1,575,189

Planes of Fame Air Museum