US Merchant Marine Veterans Of WWII

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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

1989

Legal Domicile

Principal Officer

Taron Lamkin

Phone

3105199545

Tax Period

2024-01-01 to 2024-12-31

US Merchant Marine Veterans Of WWII, founded in 1989, is a small nonprofit in the Public & Societal Benefit sector that reported $152K in total revenue in fiscal year 2024. Revenue surged 184% from the prior year, signaling strong growth momentum.

Mission

Restore, maintain and operate the SS Lane Victory, a national historic landmark and museum dedicated to the memories of those Merchant Mariners who lost their lives during World War II and educating the public for them. The ship is also used for a training platform for fire, police, port security and military personnel.

Program Service Accomplishments

Program 1

Expenses: $97,571 Revenue: $44,626

All other activities related to keeping the SS Lane Victory afloat.

Program 2

Expenses: $37,944 Revenue: $107,314

The use of the ship as a set location for film and TV and as a floating museum for the public.

Program 3

The ship is used as a training platform for local police, harbor security, homeland security which includes US coast guard, and military security forces.

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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 $43,483

Program Service Revenue $100,600

Investment Income $39

Other Revenue $7,858

TOTAL REVENUE $151,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,666

Program Expenses $135,515

Other Expenses $161,611

TOTAL EXPENSES $161,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,980	$53,538	+1.8%
Expenses	$161,611	$272,578	-0.4%
Net Income	$-9,631	$-219,040	-1.0%

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

250

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
Taron Lamkin	President	8.00	Officer Director	$0	$0	$0
Liliana Herrera	Vice President	24.00	Officer Director	$0	$0	$0
Cheryl Silkotch	Secretary	8.00	Officer Director	$0	$0	$0
Jeana Radovcich	Treasurer	4.00	Officer Director	$0	$0	$0
Joe Gaytan	Director	4.00	Director	$0	$0	$0
David Jones	Director	8.00	Director	$0	$0	$0
Gordon Ghareeb	Director	8.00	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
2025	No data	No data	No data	No data
2024	$151,980	$161,611	$1,033,410	$-9,631
2023	$53,538	$272,578	$960,911	$-219,040
2022	$130,057	$207,328	$1,115,496	$-77,271
2021	$83,608	$124,239	$946,523	$-40,631
2020	$103,081	$118,091	$942,297	$-15,010