MIAMI-DADE HISTORICAL MARITIME MUSEUM INC

EIN: 141853901 501(c)(3) Arts, Culture & Humanities

Key West, FL

Total Revenue
$499,329
Total Expenses
$384,781
Total Assets
$708,888
Net Assets
$591,808
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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
2002
Legal Domicile
FL
Principal Officer
William Verge
Phone
3052925072
Tax Period
2025-05-01 to 2026-04-30

MIAMI-DADE HISTORICAL MARITIME MUSEUM INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $499K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 23% operating margin.

Mission

Civic and Charity to provide a maritime museum

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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 (2025)

Revenue Breakdown

Contributions & Grants $86,039
Program Service Revenue $407,942
Investment Income $5,348
Other Revenue $0
TOTAL REVENUE $499,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,636
Fundraising Expenses $0
Program Expenses $384,781
Other Expenses $340,145
TOTAL EXPENSES $384,781

Year-over-Year Comparison

2025 2024 Change
Revenue $499,329 $382,095 +0.3%
Expenses $384,781 $244,281 +0.6%
Net Income $114,548 $137,814 -0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
10

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
5
$0
Total Directors
8
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John McDaniel Director 0
Director
$0 $0 $0
Miles Prentice Director 0
Director
$0 $0 $0
William Vergge President & Chairman 25
Officer Director Key Emp
$0 $0 $0
James Seitz Director, SEC, TReasurer 0
Officer Director
$0 $0 $0
Fredrick Baddour Director 0
Officer Director
$0 $0 $0
Bruce Troutman Director 20
Officer Director Key Emp
$0 $0 $0
Elmer McDowell Director 6
Officer Director
$0 $0 $0
Marty Moynihan Director 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
2026 $499,329 $384,781 $708,888 $114,548
2025 $382,095 $244,281 $595,966 $137,814
2024 $328,445 $220,533 $636,778 $107,912
2023 $304,368 $196,460 $589,943 $107,908
2022 $384,050 $989,219 $582,758 $-605,169
2021 $359,979 $235,300 $870,822 $124,679
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