UDT - SEAL MUSEUM ASSOCIATION INC

EIN: 592569073 501(c)(3)

FORT PIERCE, FL

Total Revenue
$9,090,006
Total Expenses
$4,692,139
Total Assets
$25,807,769
Net Assets
$24,499,670
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
RICK KAISER
Phone
7158285572
Tax Period
2024-01-01 to 2024-12-31

UDT - SEAL MUSEUM ASSOCIATION INC, founded in 1985, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 48% operating margin.

Mission

THE NATIONAL NAVY UDT-SEAL MUSEUM IS THE ONLY MUSEUM DEDICATED SOLELY TO PRESERVING THE HISTORY AND HERITAGE OF THE NAVY SEALS AND THEIR PREDECESSORS, INCLUDING NAVAL COMBAT DEMOLITION UNITS, OFFICE OF STRATEGIC SERVICES MARITIME UNITS, AMPHIBIOUS SCOUTS AND RAIDERS AND UNDERWATER DEMOLITION TEAMS. LOCATED IN FT PIERCE, FL THE BIRTHPLACE OF THE NAVY FROGMAN, THE MUSEUM PROMOTES PUBLIC EDUCATION BY PROVIDING THE OPPORTUNITY TO EXPLORE THE HISTORY OF NAVAL SPECIAL WARFARE. WE HONOR OUR FALLEN ON THE BLACK GRANITE WALLS OF THE NAVY SEAL MEMORIAL HOUSED ON THE MUSEUM GROUNDS WHILE CARING FOR OUR FAMILIES THROUGH THE TRIDENT HOUSE AND NAVY MUSEUM SCHOLARSHIP FUND.

Program Service Accomplishments

Program 1
Expenses: $1,977,890 Revenue: $601,590

THE MUSEUM CONTINUES TO PRESERVE AND RELATE THE HISTORY OF THE NAVY SEALS AND THEIR PREDECESSORS THROUGH THE PRESERVATION OF ARTIFACTS, THE EDUCATION OF THE ACCOMPLISHMENTS OF THESE BRAVE MEN AND...

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THE MUSEUM CONTINUES TO PRESERVE AND RELATE THE HISTORY OF THE NAVY SEALS AND THEIR PREDECESSORS THROUGH THE PRESERVATION OF ARTIFACTS, THE EDUCATION OF THE ACCOMPLISHMENTS OF THESE BRAVE MEN AND WOMEN AND THE OPPORTUNITY TO EXPLORE THESE ACCOMPLISHMENTS ON SITE.

Program 2
Expenses: $662,831

TRIDENT HOUSE CHARITIES ADDRESSES THE UNIQUE NEEDS OF SPECIAL OPERATIONS FAMILIES BY 1) PROVIDING SCHOLARSHIPS FROM PRESCHOOL TO COLLEGE, 2) PROVIDING CRITICAL RESPITE AND ENCOURAGING HEALING FOR...

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TRIDENT HOUSE CHARITIES ADDRESSES THE UNIQUE NEEDS OF SPECIAL OPERATIONS FAMILIES BY 1) PROVIDING SCHOLARSHIPS FROM PRESCHOOL TO COLLEGE, 2) PROVIDING CRITICAL RESPITE AND ENCOURAGING HEALING FOR SPECIAL OPERATORS AS WELL AS GOLD STAR FAMILIES AND MILITARY PERSONNEL, 3) PROVIDE A WORKING K-9 PROGRAM FOR WARRIORS WITH MOBILITY LIMITATIONS, TRAUMATIC BRAIN INJURIES, AND POST-TRAUMATIC STRESS DISORDER TO DRAMATICALLY IMPROVE THEIR QUALITY OF LIFE, AND 4) PROVIDING FAMILY SUPPORT TO ACTIVE DUTY AND VETERANS AND THEIR FAMILIES BY FILLING IN THE GAPS WHERE FEDERAL FUNDING IS NOT AVAILABLE.

Program 3
Expenses: $211,837

CALIFORNIA EXPANSION - THE NAVY SEAL MUSEUM SAN DIEGO. BUILDING A WORLD CLASS MUSEUM TO PROMOTE PUBLIC EDUCATION BY EXPLORING THE HISTORY OF THE US NAVY SEALS AND THEIR PREDECESSORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,605,352
Program Service Revenue $601,590
Investment Income $225,491
Other Revenue $-342,427
TOTAL REVENUE $9,090,006

Expense Breakdown

Grants Paid $650,768
Salaries & Benefits $1,921,602
Fundraising Expenses $645,431
Program Expenses $2,852,558
Other Expenses $2,119,769
TOTAL EXPENSES $4,692,139

Year-over-Year Comparison

2024 2023 Change
Revenue $9,090,006 $6,787,974 +0.3%
Expenses $4,692,139 $3,490,579 +0.3%
Net Income $4,397,867 $3,297,395 +0.3%
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
16
Independent Members
16
Employees
19
Volunteers
100

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
7
$390,000
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK KAISER CEO 40.00
Officer
$225,000 $0 $225,000
GRANT MANN EXECUTIVE DI 40.00
Officer
$115,000 $0 $115,000
JIM MYER CFO 40.00
Officer
$50,000 $0 $50,000
RICK WOOLARD CHAIRMAN 3.00
Officer Director
$0 $0 $0
DR JIM SHAFER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
DAN KUREK TREASURER 2.00
Officer Director
$0 $0 $0
LCDR RANDY RHODES SECRETARY 2.00
Officer Director
$0 $0 $0
MIKE DONNELLY DIRECTOR 1.00
Director
$0 $0 $0
PETER GARVY DIRECTOR 1.00
Director
$0 $0 $0
ELLIOT HERSHBERG DIRECTOR 1.00
Director
$0 $0 $0
RYAN MCCOMBIE DIRECTOR 1.00
Director
$0 $0 $0
PHIL TAUB DIRECTOR 1.00
Director
$0 $0 $0
JOSE ARTERIO DIRECTOR 1.00
Director
$0 $0 $0
BILL WILSON DIRECTOR 1.00
Director
$0 $0 $0
KEN VIERA DIRECTOR 1.00
Director
$0 $0 $0
YOLLA KAIROUZ DIRECTOR 1.00
Director
$0 $0 $0
KAG CAGNONI DIRECTOR 1.00
Director
$0 $0 $0
SEAN ROSARIO DIRECTOR 1.00
Director
$0 $0 $0
MIKE LEE 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 $9,090,006 $4,692,139 $25,807,769 $4,397,867
2023 $6,787,974 $3,490,579 $17,514,148 $3,297,395
2022 $5,252,558 $3,669,183 $14,031,406 $1,583,375
2021 $4,225,376 $3,522,845 $11,703,499 $702,531
2020 $2,852,089 $2,113,108 $11,221,134 $738,981
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