USS SILVERSIDES SUBMARINE MUSEUM

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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

1987

Legal Domicile

Principal Officer

HOLLY HUGHES

Phone

2317551230

Tax Period

2023-01-01 to 2023-12-31

USS SILVERSIDES SUBMARINE MUSEUM, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $300K, a strong 27% operating margin.

Mission

TO HONOR THROUGH EDUCATION AND HISTORIC PRESERVATION THE PEOPLE WHO HAVE SERVED AND ARE SERVICING THE NAVAL AND MARITIME TRADITIONS OF OUR NATION.

Program Service Accomplishments

Program 1

Expenses: $654,519 Revenue: $526,714

PRESERVE NAVAL ARTIFACTS FOR EDUCATING PUBLIC THROUGH DISPLAYS AND GUIDED TOURS - INCLUDES SALES OF INVENTORY TO EDUCATE THE PUBLIC - CLIENTS SERVICED APPROXIMATE 25,000.

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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 $508,724

Program Service Revenue $526,714

Investment Income $1,072

Other Revenue $80,941

TOTAL REVENUE $1,117,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,716

Fundraising Expenses $0

Program Expenses $654,519

Other Expenses $411,284

TOTAL EXPENSES $817,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,117,451	$720,219	+0.6%
Expenses	$817,000	$680,341	+0.2%
Net Income	$300,451	$39,878	+6.5%

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC RINGELBERG	DIRECTOR	2.00	Director	$0	$0	$0
GARRY MCKKEEN	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY NELUND	TREASURER	2.00	Officer Director	$0	$0	$0
HOLLY HUGHES	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES CLEVELAND	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
JOSE INFANTE	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY TYSMAN-MORRIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK FAZAKERLEY	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MATHEW POST	DIRECTOR	2.00	Director	$0	$0	$0
MIKE BAAUW	DIRECTOR	2.00	Director	$0	$0	$0
SARAH POWERS	DIRECTOR	2.00	Director	$0	$0	$0
STEVE OLSEN	DIRECTOR	2.00	Director	$0	$0	$0
TOM SPELMAN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
BETHANN EGAN	EXECUTIVE DIRECTOR	40.00	Officer	$115,000	$0	$115,000

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	$1,117,451	$817,000	$1,765,756	$300,451
2022	$720,219	$680,341	$1,468,265	$39,878
2021	$767,123	$587,273	$1,441,439	$179,850
2020	$427,828	$482,871	$1,449,504	$-55,043
2019	$569,148	$591,935	$1,469,778	$-22,787
2018	$574,989	$526,218	$1,511,263	$48,771