ARMED FORCES MUSEUM FOUNDATION 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

2001

Legal Domicile

Principal Officer

COL JOHN A PRINE

Phone

6015582757

Tax Period

2024-07-01 to 2025-06-30

ARMED FORCES MUSEUM FOUNDATION INC, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2024. Expenses of $123K exceeded revenue, resulting in a 91% operating deficit.

Mission

PRESERVE AND PROMOTE MILITARY HISTORY.

Program Service Accomplishments

Program 1

Expenses: $116,106 Revenue: $27,084

FOUNDATION HELPS FUND THE MUSEUMS PROGRAMS WHICH ARE DESIGNATED TO EDUCATE VISITORS OF MISSISSIPPIS MILITARY HISTORY. THE FOUNDATION ALSO PUBLISHES AN ANNUAL NEWSLETTER.

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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 $0

Program Service Revenue $32,909

Investment Income $1,040

Other Revenue $30,309

TOTAL REVENUE $64,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,106

Other Expenses $123,023

TOTAL EXPENSES $123,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,258	$60,309	+0.1%
Expenses	$123,023	$98,552	+0.2%
Net Income	$-58,765	$-38,243	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
RICKY L MYERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES H GARNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BARTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM L FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SILVANUS P JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BUFF N BLOUNT	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN R YATES	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTICE RANDY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
ROMAN GALEY	DIRECTOR	1.00	Director	$0	$0	$0
PERRY PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
RENE DUNGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL PRUITT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
COL JOHN A PRINE	TREASURER	1.00	Officer	$0	$0	$0
VACANT SPOT	SECRETARY	1.00	Officer	$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
2025	$64,258	$123,023	$310,228	$-58,765
2024	$60,309	$98,552	$348,929	$-38,243
2023	$152,364	$106,068	$358,631	$46,296
2022	$62,010	$91,152	$351,928	$-29,142
2021	$55,364	$108,971	$377,511	$-53,607
2020	$22,136	$46,347	$371,649	$-24,211
2019	$37,017	$38,723	$395,860	$-1,706