Grimes Flying Lab Foundation

Nonprofit profile at a glance

EIN: 431981604
IRS 990-EZ coverage: 2010–2024
Forms available: Form 990-EZ 2024
Location: Urbana, OH, USA
Phone: 9376524319
Rating: 83
Verdict: STRONG
Rating confidence: Moderate
Sector: Historical Societies, Related Historical Activities

Reported finances

Revenue: $50,218
Expenses: $30,447
Assets: $190,016
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

RANDY HENSON (PRESIDENT)
MIKE FORHAN (VICE PRESIDENT)

People named in this filing

RANDY HENSON (PRESIDENT)
MIKE FORHAN (VICE PRESIDENT)
ELTON CULTICE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate the public in urbana, Ohio and the united states regarding the history of aircraft lighting, and the role of the grimes manufacturing co.

What it reported doing in 2024

To educate the public in urbana, Ohio and the united states regarding the history of aircraft lighting, and the role of the grimes manufacturing co. Approximately 5,500 people visited the flying lab museum in fiscal year 2023.

Operating model

Revenue model: Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 74
Transparency & Controls: 100
Sustainability: 81
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 59.3%; rating input score 59
Program expense ratio: 97.9%; rating input score 98

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 39.4%; rating input score 87; 87th percentile among comparable filings
Total-asset coverage ratio: 6.24; rating input score 87; 87th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -5.5% per year; rating input score 0; 34th percentile among comparable filings
Revenue growth: 0.9% per year; rating input score 100; 55th percentile among comparable filings
Asset growth: -0% per year; rating input score 0; 38th percentile among comparable filings

Details

Where the money goes: 59.3% of revenue deployed · 97.9% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $30K in reported program spending
Leadership: top reported pay $0 · 11 people listed
Consistency: 8 of 8 current checks pass
Schedules: 3 filed schedules
Filing history: 12 filing years from 2010 to 2024
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Review — Financial Efficiency: Mission deployment rate scored 59/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.