NATIONAL MARITIME MUSEUM OF THE GULF OF MEXICO

EIN: 631102879 501(c)(3) Arts, Culture & Humanities

MOBILE, AL

Total Revenue
$100,000
Total Expenses
$32,800
Total Assets
$11,384,197
Net Assets
$10,393,921
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
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, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2018. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $9.4M represent 65 months of operating reserves.

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO PROMOTE AND AUGMENT AN UNDERSTANDING AND APPRECIATION OF THE MARITIME HISTORY, WITH PARTICULAR EMPHASIS ON THE MARITIME HISTORY OF THE CITY OF MOBILE, STATE OF ALABAMA, AND THE GULF COAST, THROUGH THE ESTABLISHMENT AND MAINTENANCE OF MUSEUM FACILITIES AND ONGOING RELATED ACTIVITIES, INCLUDING EDUCATION, RESEARCH, COLLECTION, DOCUMENTATION, EXHIBITION, AND PUBLICATION, AND TO RECEIVE AND MAINTAIN FUNDS AND APPLY THE INCOME AND PRINCIPAL THEREOF FOR THE AFORESAID PURPOSES; AND TO DO ANY AND ALL THINGS NECESSARY FOR, HELPFUL TO OR CONSISTENT WITH THESE PURPOSES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $100,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,681
Other Expenses $32,800
TOTAL EXPENSES $32,800

Year-over-Year Comparison

2023 2022 Change
Revenue $100,000 $95,750 +0.0%
Expenses $32,800 $30,889 +0.1%
Net Income $67,200 $64,861 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
30
Independent Members
30
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
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES EDGAR BRISTER TRUSTEE N/A
Director
$0 $0 $0
STANLEY CHASSIN TRUSTEE N/A
Director
$0 $0 $0
ANGUS COOPER TRUSTEE N/A
Director
$0 $0 $0
EDGAR DOWNING TRUSTEE N/A
Director
$0 $0 $0
KARLOS FINLEY TRUSTEE N/A
Director
$0 $0 $0
LORIE GAILLARD TRUSTEE N/A
Director
$0 $0 $0
BRIAN HAROLD TRUSTEE N/A
Director
$0 $0 $0
H W THURBER III TRUSTEE N/A
Director
$0 $0 $0
BOB ISAKSON TRUSTEE N/A
Director
$0 $0 $0
GRAHAM JONES TRUSTEE N/A
Director
$0 $0 $0
ANDREW SAUNDERS JR TRUSTEE N/A
Director
$0 $0 $0
GILBERT DUKES JR TRUSTEE N/A
Director
$0 $0 $0
SAMUEL SLADE HOOKS JR TRUSTEE N/A
Director
$0 $0 $0
THOMAS B BENDER JR TRUSTEE N/A
Director
$0 $0 $0
MICHAEL B LEE CHAIRMAN N/A
Officer Director
$0 $0 $0
JAMES K LYONS TRUSTEE N/A
Director
$0 $0 $0
WALTER MEIGS TRUSTEE N/A
Director
$0 $0 $0
RAY MILLER SECRETARY/TR N/A
Officer Director
$0 $0 $0
MIKE PAYNE TRUSTEE N/A
Director
$0 $0 $0
EB PEEBLES TRUSTEE N/A
Director
$0 $0 $0
TJ POTTS TRUSTEE N/A
Director
$0 $0 $0
TERESA SMITH TRUSTEE N/A
Director
$0 $0 $0
RUSSELL STEINER TRUSTEE N/A
Director
$0 $0 $0
MARIETTA M URQUHART VICE CHAIRMA N/A
Officer Director
$0 $0 $0
BARRY A VITTOR TRUSTEE N/A
Director
$0 $0 $0
RICHARD WEAVIL TRUSTEE N/A
Director
$0 $0 $0
PATRICK WILSON TRUSTEE 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 $100,000 $32,800 $11,384,197 $67,200
2022 $95,750 $30,889 $11,372,998 $64,861
2021 $119,996 $119,158 $11,389,904 $838
2020 $131,835 $167,263 $11,440,017 $-35,428
2019 $1,986,728 $1,094,653 $11,544,090 $892,075
2018 $1,740,324 $1,858,881 $15,884,549 $-118,557
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