USS MIDWAY MUSEUM (EIN 330556416) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Phone

6195449600

Tax Period

2023-01-01 to 2023-12-31

USS MIDWAY MUSEUM, founded in 1992, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $39.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.9M, a strong 27% operating margin.

Mission

TO PRESERVE THE HISTORIC USS MIDWAY AND THE LEGACY OF THOSE WHO SERVE, INSPIRE AND EDUCATE FUTURE GENERATIONS, AND ENTERTAIN MUSEUM GUESTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,651,199

Program Service Revenue $27,750,021

Investment Income $5,868,837

Other Revenue $4,516,219

TOTAL REVENUE $39,786,276

Expense Breakdown

Grants Paid $1,756,819

Salaries & Benefits $12,864,176

Fundraising Expenses $1,106,103

Program Expenses $23,053,418

Other Expenses $14,228,839

TOTAL EXPENSES $28,849,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,786,276	$36,661,829	+0.1%
Expenses	$28,849,834	$31,011,005	-0.1%
Net Income	$10,936,442	$5,650,824	+0.9%

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

279

Volunteers

800

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

$628,343

Total Directors

$171,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP HAMILTON	CFO	40.00	Officer	$213,106	$31,036	$244,142
LEONARD SANTIAGO	DIR OF ENGINEERING	40.00		$205,248	$31,012	$236,260
RADM JOHN MCLAUGHIN	Fmr PRES & CEO	40.00	Officer	$212,803	$0	$212,803
MARK BERLIN	DIRECTOR OF OPS	40.00		$165,223	$30,856	$196,079
RADM TERRY KRAFT	President & CEO	40.00	Officer Director	$170,234	$1,164	$171,398
LIANE MORTON	DIRECTOR OF HR	40.00		$138,864	$30,844	$169,708
LAURA LUDVIK	DIRECTOR OF DEV.	40.00		$155,971	$10,440	$166,411
DAVID KOONTZ	DIRECTOR OF MKTG	40.00		$132,801	$936	$133,737
VINCENT BENSTEAD	Director	1.00	Director	$0	$0	$0
JOHN DRISCOLL CMA	Chairman	1.00	Officer Director	$0	$0	$0
BOB LAWRENCE	Vice Chairman	1.00	Officer Director	$0	$0	$0
CHRISTOPHER NEILS ESQ	IMM Past Chair	1.00	Officer Director	$0	$0	$0
MADDY KILKENNY	Secretary	1.00	Officer Director	$0	$0	$0
MICHAEL LEAKE ESQ	GEN. COUNSEL	1.00	Officer Director	$0	$0	$0
PERRY DEALY	Director	1.00	Director	$0	$0	$0
CDR MAT LUOTO	Director	1.00	Director	$0	$0	$0
JON RYAN	Director	1.00	Director	$0	$0	$0
TED MARTINEZ JR PhD	Director	1.00	Director	$0	$0	$0
MICHAEL EARLEY	Director	1.00	Director	$0	$0	$0
TOM FRIES	Director	1.00	Director	$0	$0	$0
SALVATORE GIAMETTA	Director	1.00	Director	$0	$0	$0
BETH KAPLAN	Director	1.00	Director	$0	$0	$0
INGO HENTSCHEL	Director	1.00	Director	$0	$0	$0
RADM RONNE FROMAN-BLUE	Director	1.00	Director	$0	$0	$0
CAPT VERONICA ARMSTRONG-EVANS	Director	1.00	Director	$0	$0	$0
BEN CLAY	Director	1.00	Director	$0	$0	$0
CAPT TERRY MAGEE	Director	1.00	Director	$0	$0	$0
BEN MORAGA	Director	1.00	Director	$0	$0	$0
KRISTA TORQUATO	Director	1.00	Director	$0	$0	$0
DR PHA LE	Director	1.00	Director	$0	$0	$0
SCOTT MCGAUGH	Treasurer	1.00	Officer Director	$0	$0	$0
JENNIFER RUBIN	Director	1.00	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
2024	No data	No data	No data	No data
2023	$39,786,276	$28,849,834	$112,516,620	$10,936,442
2022	$36,661,829	$31,011,005	$100,244,736	$5,650,824
2021	$25,013,272	$19,115,935	$106,596,110	$5,897,337
2020	$9,957,373	$18,374,718	$89,557,357	$-8,417,345
2019	$29,924,147	$25,921,930	$95,906,289	$4,002,217
2018	$29,143,437	$24,548,260	$83,146,344	$4,595,177

USS MIDWAY MUSEUM