THE VICTORY SHIP 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

1998

Legal Domicile

Principal Officer

WILLIAM J KUZMICK

Phone

8132288766

Tax Period

2024-01-01 to 2024-12-31

THE VICTORY SHIP INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $667K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $111K, a strong 17% operating margin.

Mission

PRESERVING A MILITARY TRANSPORT SHIP

Program Service Accomplishments

Program 1

Expenses: $462,933 Revenue: $534,127

SS AMERICAN VICTORY IS ONE OF THE LAST REMAINING VICTORY CLASS SHIPS, INSTRUMENTAL TO VICTORY IN WORLD WAR II. THE ORGANIZATION SEEKS TO MAINTAIN THIS VESSEL AS AN OPERATIONAL LEGACY TO THOSE WHO...

SS AMERICAN VICTORY IS ONE OF THE LAST REMAINING VICTORY CLASS SHIPS, INSTRUMENTAL TO VICTORY IN WORLD WAR II. THE ORGANIZATION SEEKS TO MAINTAIN THIS VESSEL AS AN OPERATIONAL LEGACY TO THOSE WHO SERVED. SHE IS OPEN TO THE PUBLIC AS A MUSEUM AND STILL PROUDLY SERVES MEMBERS AS A TRAINING FACILITY FOR LAW ENFORCEMENT AND FIRST RESPONDERS. SHE EDUCATES CHILDREN THROUGH HILLSBOROUGH COUNTY SCHOOLS FIELD TRIP PROGRAMS, BOY SCOUTS, AND HAS NUMEROUS MARINER SAFETY AND TRAINING PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $98,815

Program Service Revenue $534,127

Investment Income $2,905

Other Revenue $31,224

TOTAL REVENUE $667,071

Expense Breakdown

Grants Paid $636

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $462,933

Other Expenses $554,936

TOTAL EXPENSES $555,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,071	$730,373	-0.1%
Expenses	$555,572	$497,420	+0.1%
Net Income	$111,499	$232,953	-0.5%

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

N/A

Volunteers

105

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM J KUZMICK	PRESIDENT	20.00	Officer Director	$0	$0	$0
DAVE SCOTT	CHAIRMAN	2.00	Director	$0	$0	$0
JOE MCGEE	VICE CHAIRMA	2.00	Director	$0	$0	$0
MIKE MACALUSO	TREASURER	1.00	Officer Director	$0	$0	$0
TROY MANTHEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TIMMEL	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CUVA	DIRECTOR	1.00	Director	$0	$0	$0
KEITH GREMINGER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MANELLI	DIRECTOR	1.00	Director	$0	$0	$0
BOB JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HONDO GEURTS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SMITH	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	$667,071	$555,572	$2,920,744	$111,499
2023	$730,373	$497,420	$2,805,262	$232,953
2022	$878,027	$562,315	$2,563,390	$315,712
2021	$968,545	$498,237	$2,253,041	$470,308
2020	$353,105	$349,523	$1,785,512	$3,582
2019	$403,120	$369,693	$1,637,098	$33,427
2018	$405,260	$297,724	$1,653,469	$107,536