AMERICAN FIGHTER ACES ASSOCIATION

EIN: 956136654 501(c)(3)

HENSLEY, AR

Total Revenue
$26,947
Total Expenses
$67,233
Total Assets
$647,934
Net Assets
$598,001
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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
1960
Legal Domicile
AZ
Principal Officer
GREGG P WAGNER
Phone
3343200832
Tax Period
2024-01-01 to 2024-12-31

AMERICAN FIGHTER ACES ASSOCIATION, founded in 1960, is a micro nonprofit that reported $27K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 150% operating deficit.

Mission

COLLECT AND PRESERVE HISTORICAL DATA, ARTIFACTS, AND SCIENTIFIC OBJECTS WITH REGARD TO THE COUNTRY'S FIGHTER ACES, ITS MILITARY AVIATION AND AVIATORS' HISTORY. EDUCATE THE PUBLIC ABOUT THE EXPERIENCE IN MILITARY COMBAT AND OFFER AWARDS/SCHOLARSHIPS TO DESERVING YOUNG AMERICANS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,209
Program Service Revenue $0
Investment Income $10,039
Other Revenue $1,699
TOTAL REVENUE $26,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,621
Other Expenses $67,233
TOTAL EXPENSES $67,233

Year-over-Year Comparison

2024 2023 Change
Revenue $26,947 $36,337 -0.3%
Expenses $67,233 $63,838 +0.1%
Net Income $-40,286 $-27,501 +0.5%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
1
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGG P WAGNER TREASURER N/A
Director
$0 $0 $0
IRENE GRINNELL BOARD MEMBER N/A
Director
$0 $0 $0
CDR RANDY DUKE CUNNINGHAM PRESIDENT N/A
Director
$0 $0 $0
COL J WARD BOYCE JR VICE PRESIDE N/A
Director
$0 $0 $0
JON GUTTMAN BOARD MEMB H N/A
Director
$0 $0 $0
SHARON STONE CUNNINGHAM SECRETARY N/A
Director
$0 $0 $0
DEAN WOLFF BOARD MEMBER N/A
Director
$0 $0 $0
BOB MILLER BOARD MEMBER N/A
Director
$0 $0 $0
ERNIE LEE FRIENDS VICE N/A
Officer
$0 $0 $0
TERRY KIM BOARD MEMBER N/A
Director
$0 $0 $0
GENE DICKENSON BOARD MEMBER N/A
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 $26,947 $67,233 $647,934 $-40,286
2023 $36,337 $63,838 $630,554 $-27,501
2022 $203,024 $91,329 $618,953 $111,695
2021 $119,297 $73,846 $359,534 $45,451
2020 $114,925 $12,627 $326,688 $102,298
2018 $114,291 $220,421 $266,469 $-106,130
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