LT MICHAEL P MURPHY NAVY SEAL MUSE… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

CHRISTOPHER WYLLIE

Phone

5168107564

Tax Period

2023-01-01 to 2023-12-31

LT MICHAEL P MURPHY NAVY SEAL MUSEUM, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $632K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $782K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO PRESERVE THE LEGACY OF NAVY SEALS AND TO PRESERVE THE LEGACY OF LT MICHAEL MURPHY AND TO CONTRIBUTE TO THE SUPPORT OF LOCAL NAVAL SEA CADETS.

Program Service Accomplishments

Program 1

Expenses: $588,341 Revenue: $84,390

THE LT MICHAEL P. MURPHY NAVY SEAL MUSEUM & SEA CADET TRAINING FACILITY IS A DUAL PURPOSE BUILDING SERVING AS BOTH A NAVY MUSEUM AND A TRAINING FACILITY FOR 11 17 YEAR OLD SEA CADETS, BOTH GIRLS AND BOYS TO BE BETTER CITIZENS. THE MUSEUM ITSELF HAS 7 EXHIBITION HALLS PROMOTING THE BRAVERY, LEGACY AND STORIES OF OUR NAVY SPECIAL WARFARE HEROES FROM WORLD WAR 2 THROUGH THE WAR ON TERROR ALONG WITH A MEMORIAL WALL AND SEAL TRAINING EXHIBITION HALL. THESE AREAS BRING TO THE PUBLIC'S ATTENTION THE EXPLOITS OF THESE TRULY EXCEPTIONAL MEN THROUGH MOVIES, VIDEOS, ARTIFACTS AND HANDS ON "STATE OF THE ART" COMPUTER DISPLAYS OF EACH ERA IN THE UNDERWATER DEMOLITION TEAMS AND NAVY SEAL HISTORY. (CONT'D. ON SCHEDULE O) THE PUBLIC AND VISITORS WILL BE ABLE TO GRASP, COMPREHEND AND UNDERSTAND THE SACRIFICES MADE BY THESE EXTRAORDINARY SAILORS IN PROTECTING THIS COUNTRY. THE MUSEUM ALLOWS THE PUBLIC TO NOTE THE COST OF FREEDOM IN THE LIVES LOST AS WELL AS THE OPERATIONAL STORIES OF THE VARIOUS PERIODS IN NAVAL HISTORY. THE ADJOINING SEA CADET TRAINING FACILITY ACTS AS BOTH AN EVENT SPACE AND TRAINING FACILITY FOR THE LT MICHAEL P. MURPHY SEA CADET DIVISION AND TEACHES LEADERSHIP SKILLS AND CITIZENRY TO OUR YOUNGER GENERATIONS, SOME OF WHOM MAY SEEK TO JOIN THE MILITARY AND SERVE THIS NATION. THIS FACILITY OFFERS CLASSROOM WORK, NAVAL HISTORY AND PHYSICAL EXERCISES TO PROMOTE STRONG MINDS AND BODIES.

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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 $634,388

Program Service Revenue $84,390

Investment Income $25

Other Revenue $-86,544

TOTAL REVENUE $632,259

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $235,207

Fundraising Expenses $800

Program Expenses $588,341

Other Expenses $529,128

TOTAL EXPENSES $781,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$632,259	$763,310	-0.2%
Expenses	$781,835	$491,176	+0.6%
Net Income	$-149,576	$272,134	-1.5%

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

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D MURPHY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYAN MASTRANGELO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON MCKENNA	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA RACIOPPI	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT AGOSTINELLI	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0
DR JAMES BERTSCH	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
JUDGE PIERCE FOX COHALAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J LINDSAY III	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MALLORY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL J MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN T MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS RONAYNE	TRUSTEE	1.00	Director	$0	$0	$0
BRET SEARS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER WYLLIE	EXECUTIVE DIRECTOR	35.00	Officer	$125,000	$0	$125,000

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	$632,259	$781,835	$3,244,880	$-149,576
2022	$763,310	$491,176	$3,393,496	$272,134
2021	$702,147	$120,982	$3,070,633	$581,165
2020	$635,212	$25,287	$2,089,568	$609,925
2019	$420,615	$31,334	$1,329,743	$389,281

LT MICHAEL P MURPHY NAVY SEAL MUSEUM