NAVAL HISTORY FOUNDATION OF SOUTH … - 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

2003

Legal Domicile

Principal Officer

MARK MYER

Phone

3618831946

Tax Period

2024-01-01 to 2024-12-31

NAVAL HISTORY FOUNDATION OF SOUTH TEXAS, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $450K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $448K, a strong 100% operating margin.

Mission

TO SUPPORT AND BENEFIT THE LADY LEX ON THE BAY ASSOCIATION.

Program Service Accomplishments

Program 1

THE NAVAL HISTORY FOUNDATION OF SOUTH TEXAS WAS ORGANIZED TO PROVIDE MONETARY SUPPORT AND BENEFIT TO THE LADY LEX MUSEUM ON THE BAY ASSOCIATION. THE LADY LEX MUSEUM PROVIDES EDUCATIONAL PROGRAMS...

THE NAVAL HISTORY FOUNDATION OF SOUTH TEXAS WAS ORGANIZED TO PROVIDE MONETARY SUPPORT AND BENEFIT TO THE LADY LEX MUSEUM ON THE BAY ASSOCIATION. THE LADY LEX MUSEUM PROVIDES EDUCATIONAL PROGRAMS, TOURS AND MAINTAINS EXHIBITS ABOARD THE USS LEXINGTON AIRCRAFT CARRIER.

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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 $0

Program Service Revenue $0

Investment Income $449,900

Other Revenue $0

TOTAL REVENUE $449,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,789

TOTAL EXPENSES $1,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,900	$398,895	+0.1%
Expenses	$1,789	$4,853	-0.6%
Net Income	$448,111	$394,042	+0.1%

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

N/A

Volunteers

N/A

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
MARK MYER	PRESIDENT	N/A	Officer Director	$0	$0	$0
ERIC HAMON	SECRETARY	N/A	Officer Director	$0	$0	$0
MIKE CARRELL	TREASURER	N/A	Officer Director	$0	$0	$0
TIM EHRMANN	TRUSTEE	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	$449,900	$1,789	$19,922,464	$448,111
2023	$398,895	$4,853	$17,408,866	$394,042
2022	$5,290,349	$338	$14,724,955	$5,290,011
2021	$219,260	$65,905	$11,712,379	$153,355

NAVAL HISTORY FOUNDATION OF SOUTH TEXAS