NATIONAL COAST GUARD MUSEUM ASSOCI… - 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

2001

Legal Domicile

Principal Officer

CAPT WES PULVER

Phone

8604434200

Tax Period

2024-01-01 to 2024-12-31

NATIONAL COAST GUARD MUSEUM ASSOCIATION INC, founded in 2001, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.5M in total revenue in fiscal year 2024. Revenue surged 274% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.1M, a strong 82% operating margin.

Mission

TO EDUCATE THE PUBLIC ABOUT THE EVOLUTION OF THE MARITIME AND MILITARY HISTORY OF THE COAST GUARD AND ITS CONTRIBUTION TO AMERICA.

Program Service Accomplishments

Program 1

Expenses: $1,327,468 Revenue: $0

TO EDUCATE THE PUBLIC ABOUT THE EVOLUTION OF THE MARITIME AND MILITARY HISTORY OF THE COAST GUARD AND ITS CONTRIBUTION TO AMERICA. IN 2014 THE ASSOCIATION BEGAN THE PROCESS OF CONSTRUCTION OF THE...

TO EDUCATE THE PUBLIC ABOUT THE EVOLUTION OF THE MARITIME AND MILITARY HISTORY OF THE COAST GUARD AND ITS CONTRIBUTION TO AMERICA. IN 2014 THE ASSOCIATION BEGAN THE PROCESS OF CONSTRUCTION OF THE MUSEUM AND A PEDESTRIAN BRIDGE LINKING THE MUSEUM TO LOCAL TRANSPORTATION FACILITIES. CONSTRUCTION COSTS THROUGH THE END OF 2024 TOTALED $37,122,531.

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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 $19,386,854

Program Service Revenue $0

Investment Income $85,995

Other Revenue $25,475

TOTAL REVENUE $19,498,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,905,668

Fundraising Expenses $1,797,130

Program Expenses $1,327,468

Other Expenses $1,394,786

TOTAL EXPENSES $3,438,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,498,324	$5,209,263	+2.7%
Expenses	$3,438,856	$2,940,955	+0.2%
Net Income	$16,059,468	$2,268,308	+6.1%

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

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

$194,379

Total Directors

$194,379

Key Employees

$342,755

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAPT WES PULVER	PRESIDENT	40.00	Officer Director	$182,129	$12,250	$194,379
SUSAN CURTIN	CHAIR	10.00	Director	$0	$0	$0
RADM RICHARD M LARRABEE	TREASURER	8.00	Officer Director	$0	$0	$0
CDR KEVIN HARKINS	SECRETARY	4.00	Officer Director	$0	$0	$0
JEFF KINGSLEY	DIRECTOR	4.00	Director	$0	$0	$0
STEPHEN LOVELETTE	DIRECTOR	4.00	Director	$0	$0	$0
ADM JAMES M LOY	DIRECTOR	4.00	Director	$0	$0	$0
MCPOCG VINCENT W PATTON	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL RAUH	DIRECTOR	4.00	Director	$0	$0	$0
RADM RICHARD W SCHNEIDER PHD	DIRECTOR	4.00	Director	$0	$0	$0
CRAIG SCHROEDER	DEVELOPMENT DIRECTOR	40.00	Key Emp	$168,100	$7,852	$175,952
MARK WALSH	CHIEF OPERATING OFFICER	40.00	Key Emp	$153,750	$13,053	$166,803
VICTOR HERNANDEZ	SR MAJOR GIFTS OFFICER	40.00	Highest	$160,028	$17,499	$177,527
CATHERINE JANNEY	ANNUAL GIVING DIRECTOR	40.00	Highest	$110,000	$9,450	$119,450
KATHERINE BAINBRIDGE	SENIOR MAJOR GIFTS OFFICER	40.00	Highest	$112,500	$3,375	$115,875
PATRICIA FAZIO DIRECTOR	OF MARKETING AND COMMUNICATIONS	40.00	Highest	$163,805	$7,247	$171,052

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	$19,498,324	$3,438,856	$51,784,990	$16,059,468
2023	$5,209,263	$2,940,955	$31,512,198	$2,268,308
2022	$9,766,345	$2,655,252	$31,493,874	$7,111,093
2021	$5,758,722	$2,498,124	$20,923,722	$3,260,598
2020	$4,459,044	$2,198,912	$17,635,253	$2,260,132
2019	$4,573,624	$1,953,767	$15,776,838	$2,619,857
2018	$7,054,279	$1,372,933	$13,622,981	$5,681,346

NATIONAL COAST GUARD MUSEUM ASSOCIATION INC