NEWPORT NEWS, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MARINERS' MUSEUM, founded in 1930, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.5M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $11.3M exceeded revenue, resulting in a 19% operating deficit.
THE MARINERS' MUSEUM AND PARK CONNECTS PEOPLE TO THE WORLD'S WATERS, BECAUSE THROUGH THE WATERS - THROUGH OUR SHARED MARITIME HERITAGE - WE ARE CONNECTED TO ONE ANOTHER.
ACCESS - MARINERS' LAKE - AFTER NEARLY TEN YEARS, MARINERS' LAKE REOPENED IN 2023. MORE THAN 850 MEMBERS OF THE COMMUNITY BECAME MARINERS THROUGH WEEKEND KAYAK RENTALS, CATCH-AND-RELEASE FISHING, AND...
ACCESS - MARINERS' LAKE - AFTER NEARLY TEN YEARS, MARINERS' LAKE REOPENED IN 2023. MORE THAN 850 MEMBERS OF THE COMMUNITY BECAME MARINERS THROUGH WEEKEND KAYAK RENTALS, CATCH-AND-RELEASE FISHING, AND GUIDED PADDLES. ADDITIONALLY, A NEW KAYAKING-FOCUSED EDUCATIONAL ENRICHMENT PROGRAM, MARINERS' LAKE EFFECT, PROVIDED OVER 1,000 STUDENTS WITH THE OPPORTUNITY TO HAVE A MEANINGFUL WATER EXPERIENCE, MANY FOR THE FIRST TIME.
VALUE - EDUCATIONAL PROGRAMS - WITH A PARTICULAR FOCUS ON EDUCATIONAL ENRICHMENT PROGRAMS FOR SCHOOL-AGED CHILDREN, THE MARINERS' MUSEUM SERVED MORE THAN 23,000 STUDENT ENGAGEMENTS DURING THE...
VALUE - EDUCATIONAL PROGRAMS - WITH A PARTICULAR FOCUS ON EDUCATIONAL ENRICHMENT PROGRAMS FOR SCHOOL-AGED CHILDREN, THE MARINERS' MUSEUM SERVED MORE THAN 23,000 STUDENT ENGAGEMENTS DURING THE 2022-2023 ACADEMIC YEAR, WITH OVER 80% OF STUDENTS PARTICIPATING FOR FREE.
CONSERVATION - PRINCESS CAROLINA - OUR ARCHAEOLOGICAL CONSERVATORS CLEANED AND RELOCATED OVER 400 TIMBERS FROM THE BOW OF THE MERCHANT SHIP PRINCESS CAROLINA INTO AN UPGRADED, ON-SITE COLLECTION...
CONSERVATION - PRINCESS CAROLINA - OUR ARCHAEOLOGICAL CONSERVATORS CLEANED AND RELOCATED OVER 400 TIMBERS FROM THE BOW OF THE MERCHANT SHIP PRINCESS CAROLINA INTO AN UPGRADED, ON-SITE COLLECTION STORAGE AREA. THE PRINCESS CAROLINA TIMBERS ARE THE OLDEST SURVIVING REMNANTS OF A COLONIAL-BUILT SHIP. THE PRINCESS CAROLINA WAS BUILT BETWEEN 1710 AND 1720 IN SOUTH CAROLINA AND SUPPORTED TRANSATLANTIC COMMERCE AND COMMERCE THROUGHOUT WHAT WERE THEN BRITISH COLONIES IN NORTH AMERICA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $9,515,563 | $14,777,501 | -0.4% |
| Expenses | $11,278,960 | $10,438,833 | +0.1% |
| Net Income | $-1,763,397 | $4,338,668 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEITH VANDER VENNET | TRUSTEE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER BOYKIN | CHAIRMAN OF THE BOARD | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STUART HENDERSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN R LAWSON II | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGARET PODLICH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH CROFTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JERRY MILLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN SKINNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN SWANN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSEY CARNEY SMITH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TINA MORRIS | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN FEWSTER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN KURTZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MCKINLEY PRICE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARSHA HUDGINS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HOWARD H HOEGE III | PRESIDENT & CEO | 40.00 |
Officer
|
$224,327 | $23,249 | $247,576 |
| NELSON FORBES | VP COLLECTIONS, CHIEF CURA | 40.00 |
Highest
|
$104,059 | $14,866 | $118,925 |
| JEFFREY ESBER | CONTROLLER & TREASURER | 40.00 |
Highest
|
$121,491 | $8,653 | $130,144 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $9,515,563 | $11,278,960 | $147,592,225 | $-1,763,397 |
| 2022 | $14,777,501 | $10,438,833 | $139,665,066 | $4,338,668 |
| 2021 | $10,021,200 | $10,121,900 | $159,780,245 | $-100,700 |
| 2020 | $4,294,343 | $2,227,006 | $148,097,680 | $2,067,337 |
| 2019 | $7,918,669 | $10,139,592 | $132,293,097 | $-2,220,923 |
| 2018 | $11,645,967 | $10,412,091 | $138,005,148 | $1,233,876 |
Compare THE MARINERS' MUSEUM with other nonprofits in Virginia and across the country.