VIRGINIA BEACH MARITIME MUSEUM INC

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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

1981

Legal Domicile

Principal Officer

RUSSELL J LYONS

Phone

7574221587

Tax Period

2021-07-01 to 2022-06-30

VIRGINIA BEACH MARITIME MUSEUM INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS THE OPERATION OF A MUSEUM FOR PRESENTING ARTIFACTS, EXHIBITS, AND EDUCATIONAL PROGRAMS THAT HONOR AND PRESERVE THE HISTORY OF VIRGINIA'S COASTAL COMMUNITIES AND MARITIME HERITAGE. THE SCOPE OF THE MUSEUM'S EXHIBITS BEGINS WITH THE VIRGINIA BEACH COMMUNITY AND EXTENDS TO SUBJECTS RELATED TO VIRGINIA'S OCEANFRONT, COASTAL AND WATER-RELATED HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $85,843

OPERATION OF VIRGINIA BEACH SURF & RESCUE MUSEUM

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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 (2021)

Revenue Breakdown

Contributions & Grants $135,664

Program Service Revenue $0

Investment Income $13

Other Revenue $41,061

TOTAL REVENUE $176,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,779

Fundraising Expenses $43,681

Program Expenses $85,843

Other Expenses $78,029

TOTAL EXPENSES $176,808

Year-over-Year Comparison

	2021	2020	Change
Revenue	$176,738	$188,886	-0.1%
Expenses	$176,808	$124,667	+0.4%
Net Income	$-70	$64,219	-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

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

$43,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA JOHNSON-SIZEMORE	EXECUTIVE DI	40.00	Officer	$43,750	$0	$43,750
BENJAMIN CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF COLE	DIRECTOR	1.00	Director	$0	$0	$0
JAKE DENTON	DIRECTOR	1.00	Director	$0	$0	$0
BILL GAMBREL	DIRECTOR	1.00	Director	$0	$0	$0
ED HOPPER	TREASURER	1.00	Director	$0	$0	$0
L CLAY CAMP JR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KITCHIN	EX-OFFICIO P	1.00	Director	$0	$0	$0
RUSSELL J LYONS	BOARD PRES/T	1.00	Director	$0	$0	$0
H FRANK MALBON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MARTINGAYLE	DIRECTOR	1.00	Director	$0	$0	$0
BRADY MCNAUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
WILL RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
LG SHAW	DIRECTOR	1.00	Director	$0	$0	$0
DAVID UHRIN	DIRECTOR	1.00	Director	$0	$0	$0
BRETTA ZIMMER-LEWIS	BOARD VP/SEC	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
2022	$176,738	$176,808	$344,988	$-70
2021	$188,886	$124,667	$328,964	$64,219
2020	$136,154	$156,748	$263,777	$-20,594
2019	$187,851	$171,445	$290,698	$16,406
2018	$291,615	$187,331	$268,784	$104,284