MARINE AVIATION MUSEUM INCORPORATED

EIN: 810547242 501(c)(3) Arts, Culture & Humanities

Houston, TX

Total Revenue
$252,044
Total Expenses
$240,436
Total Assets
$9,902,185
Net Assets
$9,897,992
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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
DE
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
20

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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