NATIONAL MARITIME MUSEUM OF THE GULF OF MEXICO HOLDINGS

EIN: 463009387 501(c)(3) Arts, Culture & Humanities

MOBILE, AL

Total Revenue
N/A
Total Expenses
$463,446
Total Assets
$5,432,954
Net Assets
$-2,073,386
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AL
Principal Officer
MICHAEL B LEE
Phone
2514368901
Tax Period
2023-01-01 to 2023-12-31

NATIONAL MARITIME MUSEUM OF THE GULF OF MEXICO HOLDINGS, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $88K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $579K exceeded revenue, resulting in a 558% operating deficit.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO OWN EXHIBITS AND OTHER ASSETS FOR THE BENEFIT OF THE NATIONAL MARITIME MUSEUM OF THE GULF OF MEXICO, A UNIQUE MARITIME THEMED MUSEUM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $463,446
Other Expenses $463,446
TOTAL EXPENSES $463,446

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses $463,446 $463,446 N/A
Net Income N/A $-463,446 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY H MILLER III TREASURER N/A
Officer Director
$0 $0 $0
S SLADE HOOKS JR SECRETARY N/A
Officer Director
$0 $0 $0
MICHAEL B LEE CHAIRMAN N/A
Director
$0 $0 $0
WALTER MEIGS DIRECTOR N/A
Director
$0 $0 $0
MARIETTA URQUHART DIRECTOR N/A
Officer Director
$0 $0 $0
BARRY A VITTOR DIRECTOR 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 No data No data No data No data
2023 No data $463,446 $5,432,954 No data
2022 No data $463,446 $5,896,400 No data
2021 No data $463,446 $6,359,846 No data
2020 No data $463,446 $6,823,292 No data
2019 $1,613,762 $579,085 $7,299,623 $1,034,677
2018 $88,000 $579,291 $8,045,721 $-491,291
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