MARINE AVIATION MUSEUM INCORPORATED

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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

2003

Legal Domicile

Principal Officer

RICHARD SHARPE Jr

Tax Period

2023-01-01 to 2023-12-31

MARINE AVIATION MUSEUM INCORPORATED, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $252K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $240K left a modest 5% surplus.

Mission

PROVIDE A MUSEUM OF VINTAGE AIRCRAFTS BOATS AND EXHIBITS

Program Service Accomplishments

Program 1

Expenses: $119,538

PROVIDE STATIC DISPLAY OF VINTAGE AIRCRAFTS, HELICOPTERS, BOATS AND RELATED PARTS AND EXHIBITS OF PAST WARS FO VIEW TO THE PUBLIC THROUGHOUT THE YEAR AT THE LONE STAR MUSEUM IN GAVLESTON, TEXAS. NO...

Program 2

Expenses: $59,769 Revenue: $37,750

PROVIDE RENTAL SPACE FOR DISPLAY OF VINTAGE AIRCRAFTS AND EXHIBITS

Program 3

Expenses: $19,923 Revenue: $17,500

STATIC DISPLAY OF PLANES AT WINGS OVER HOUSTON AIRSHOW. APPROXIMATELY 170,000 WERE IN ATTENDANCE (ESTIMATED).

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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 (2023)

Revenue Breakdown

Contributions & Grants $166,766

Program Service Revenue $55,250

Investment Income $30,028

Other Revenue $0

TOTAL REVENUE $252,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,230

Other Expenses $240,436

TOTAL EXPENSES $240,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,044	$465,096	-0.5%
Expenses	$240,436	$148,648	+0.6%
Net Income	$11,608	$316,448	-1.0%

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

N/A

Volunteers

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
BILL GIFFORD	DIRECTOR	4.00	Director	$0	$0	$0
TRENT RICKETTS	DIRECTOR	4.00	Director	$0	$0	$0
RICHARD SHARPE Jr	OFFICER	16.00	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
2024	No data	No data	No data	No data
2023	$252,044	$240,436	$9,902,185	$11,608
2022	$465,096	$148,648	$9,886,433	$316,448
2021	$461,905	$101,892	$9,570,342	$360,013
2020	$5,110,250	$130,519	$9,210,682	$4,979,731
2019	$1,198,620	$140,171	$4,232,883	$1,058,449