ADMIRAL NIMITZ FOUNDATION

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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

1971

Legal Domicile

Principal Officer

MICHAEL W HAGEE

Phone

8309978600

Tax Period

2024-01-01 to 2024-12-31

ADMIRAL NIMITZ FOUNDATION, founded in 1971, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 25% operating margin.

Mission

OPERATE AND SUPPORT THE STATE-OWNED MUSEUM EXPERIENCE THROUGH ITS EXTENSIVE COLLECTION TO EDUCATE AND INSPIRE PRESENT AND FUTURE GENERATIONS ABOUT WORLD WAR II IN THE ASIATIC PACIFIC THEATER AND THE RELEVANCE OF ITS LESSONS AND THE EFFECTS WORLDWIDE.

Program Service Accomplishments

Program 1

Expenses: $7,902,933 Revenue: $1,888,631

MUSEUM SUPPORT: THE ORGANIZATION OVERSEES AND MANAGES, UNDER AGREEMENT WITH THE TEXAS HISTORICAL COMMISSION, THE NATIONAL MUSEUM OF THE PACIFIC WAR. VISITATION ATTENDANCE IN 2024 WAS 147,080.IN...

MUSEUM SUPPORT: THE ORGANIZATION OVERSEES AND MANAGES, UNDER AGREEMENT WITH THE TEXAS HISTORICAL COMMISSION, THE NATIONAL MUSEUM OF THE PACIFIC WAR. VISITATION ATTENDANCE IN 2024 WAS 147,080.IN ADDITION TO ORDINARY OPERATIONS DURING 2024, ADMIRAL NIMITZ FOUNDATION RAISED FUNDS AND BEGAN PLANNING THE RENOVATION AND EXPANSION OF THE BUSH GALLERY AND EDUCATION DEPARTMENT.

Program 2

Expenses: $368,488 Revenue: $436,434

RETAIL SALES:THE ORGANIZATION OVERSEES AND MANAGES A MUSEUM STORE AND A BOOKSTORE THAT SELLS REFERENCES AND SOUVENIRS RELATING TO THE HISTORY OF WORLD WAR II IN THE PACIFIC.

Program 3

Expenses: $246,372 Revenue: $296,670

MEMORIALS AND MEMBERSHIPS:THE ORGANIZATION IS SUPPORTED BY OVER 1,500 MEMBERS AND CONTINUES TO EXPAND A MEMORIAL WALL OF PLAQUES IN HONOR OF WORLD WAR II HEROES AND A WALK OF ENGRAVED BRICKS THAT...

MEMORIALS AND MEMBERSHIPS:THE ORGANIZATION IS SUPPORTED BY OVER 1,500 MEMBERS AND CONTINUES TO EXPAND A MEMORIAL WALL OF PLAQUES IN HONOR OF WORLD WAR II HEROES AND A WALK OF ENGRAVED BRICKS THAT HONORS ALL MEN AND WOMEN WHO HAVE SERVED.

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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 $9,103,216

Program Service Revenue $2,185,301

Investment Income $915,069

Other Revenue $439,070

TOTAL REVENUE $12,642,656

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $2,756,740

Fundraising Expenses $394,294

Program Expenses $8,517,793

Other Expenses $6,695,534

TOTAL EXPENSES $9,472,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,642,656	$9,451,466	+0.3%
Expenses	$9,472,274	$6,417,374	+0.5%
Net Income	$3,170,382	$3,034,092	+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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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

102

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

$113,192

Total Directors

$136,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BG STEVEN L SALAZAR USA RET	PRESIDENT AND CEO [FROM 12/24]	40.00	Officer Director	$30,558	$9	$30,567
GEN MICHAEL W HAGEE USMC RET	DIRECTOR [THRU 12/24]	40.00	Director	$102,206	$3,253	$105,459
JULIE ALVAREZ	DIRECTOR	0.20	Director	$0	$0	$0
ELIZABETH BOLDRICK	DIRECTOR	0.20	Director	$0	$0	$0
ELLE FISCHER	DIRECTOR	0.20	Director	$0	$0	$0
DAVID D FITCH	DIRECTOR	0.20	Director	$0	$0	$0
CARLOS JAY GUERRERO	DIRECTOR	0.20	Director	$0	$0	$0
JOHN E HARRIS	DIRECTOR	0.20	Director	$0	$0	$0
DAVID HERMANN	DIRECTOR	0.20	Director	$0	$0	$0
STEVEN L HIGHLANDER	DIRECTOR	0.20	Director	$0	$0	$0
CAPT SAMUEL C HOWARD USN RET	DIRECTOR	0.20	Director	$0	$0	$0
JOHN L NAU III	DIRECTOR	0.20	Director	$0	$0	$0
LTG MICHAEL L OATES USA RET	DIRECTOR	0.20	Director	$0	$0	$0
CDR DEBORAH N PAYNE USN RET	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT F WHELESS	DIRECTOR	0.20	Director	$0	$0	$0
GREG SHRADER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CAPT MICHAEL B TATSCH USN RET	VICE-CHAIRMAN/SECRETARY	0.25	Officer Director	$0	$0	$0
GARY R NEFFENDORF	CFO	40.00	Officer	$80,312	$2,313	$82,625

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	$12,642,656	$9,472,274	$32,463,069	$3,170,382
2023	$9,451,466	$6,417,374	$27,706,484	$3,034,092
2022	$7,585,485	$6,527,391	$21,975,468	$1,058,094
2021	$7,231,861	$5,883,071	$24,328,747	$1,348,790
2020	$5,583,614	$6,440,634	$21,568,978	$-857,020
2019	$5,226,533	$5,807,194	$20,948,529	$-580,661
2018	$6,215,470	$4,773,287	$19,625,170	$1,442,183