NATIONAL VETERANS MEMORIAL AND MUSEUM OPERATING CORPORATION (EIN 843880595) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

LT GEN MICHAEL FERRITER

Phone

6144271071

Tax Period

2023-01-01 to 2023-12-31

NATIONAL VETERANS MEMORIAL AND MUSEUM OPERATING CORPORATION, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.5M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $11.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

OUR MISSION IS TO HONOR AND POSITIVELY IMPACT THE LIVES OF VETERANS, THEIR FAMILIES AND OUR COMMUNITIES THROUGH SHARING THE VETERAN EXPERIENCE.

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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 $8,308,036

Program Service Revenue $169,099

Investment Income $-261,410

Other Revenue $305,927

TOTAL REVENUE $8,521,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,575,470

Fundraising Expenses $2,211,181

Program Expenses $8,116,487

Other Expenses $6,670,869

TOTAL EXPENSES $11,246,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,521,652	$5,704,808	+0.5%
Expenses	$11,246,339	$10,480,344	+0.1%
Net Income	$-2,724,687	$-4,775,536	-0.4%

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

$1,494,086

Total Directors

$588,965

Key Employees

$207,447

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY TAYLOR	SECRETARY/VICE CHAIR	1.00	Officer Director	$0	$22,448	$588,965
LEWIS VON THAER	CHAIR	1.00	Director	$0	$0	$0
PAIGE SANCHEZ	TREASURER	1.00	Officer Director	$0	$0	$0
TONY ANZIC	DIRECTOR	1.00	Director	$0	$0	$0
FREDERIC BERTLEY	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG COWMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ENGQUIST	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WOLFE LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
MAJ GEN STEPHEN MARKOVICH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOYER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
LT GEN MICHAEL FERRITER	CEO	35.00	Officer	$610,749	$68,494	$679,243
JEFFREY NUTTER	VP/CFO	40.00	Officer	$174,592	$51,286	$225,878
WILLIAM BUTLER	CHIEF OF STAFF	40.00	Key Emp	$184,740	$22,707	$207,447
ANDREW CLOYD	MUSEUM DIRECTOR	40.00	Highest	$167,383	$33,272	$200,655
CANDACE BRADY	VP ADVANCEMENT	40.00	Highest	$181,420	$14,628	$196,048
MARNIE HOLDER	VP NATIONAL PROGRAMS	40.00	Highest	$162,582	$26,603	$189,185
NICHOLAS WOOD	SENIOR ADVANCEMENT OFFICER	40.00	Highest	$108,260	$36,666	$144,926
TAMARA BROWN	DIRECTOR OF MARKETING	40.00	Highest	$116,318	$21,432	$137,750

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	$8,521,652	$11,246,339	$51,398,567	$-2,724,687
2022	$5,704,808	$10,480,344	$53,185,803	$-4,775,536
2021	$6,042,215	$9,820,586	$58,052,071	$-3,778,371
2020	$68,091,412	$6,848,210	$62,086,909	$61,243,202

NATIONAL VETERANS MEMORIAL AND MUSEUM OPERATING CORPORATION