NAVY MUSEUM DEVELOPMENT FOUNDATION (EIN 853976615) - 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

2020

Legal Domicile

Principal Officer

BRADLEY S CARLSON

Phone

8442445033

Tax Period

2024-01-01 to 2024-09-30

NAVY MUSEUM DEVELOPMENT FOUNDATION, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 43% operating margin.

Mission

PERPETUATE THE HERITAGE OF THE UNITED STATES NAVY BY SUPPORTING AND RAISING FUNDS FOR THE ESTABLISHMENT OF A NATIONAL MUSEUM OF THE UNITED STATES NAVY IN WASHINGTON, D.C.

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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 $5,998,727

Program Service Revenue $0

Investment Income $23,405

Other Revenue $0

TOTAL REVENUE $6,022,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $882,457

Program Expenses $1,601,070

Other Expenses $3,337,800

TOTAL EXPENSES $3,412,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,022,132	$4,066,878	+0.5%
Expenses	$3,412,800	$1,218,203	+1.8%
Net Income	$2,609,332	$2,848,675	-0.1%

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
THE HONORABLE KENNETH J BRAITHWAITE	CHAIRMAN	1.25	Officer Director	$0	$0	$0
STEVEN CHAPIN	DIRECTOR	1.25	Director	$0	$0	$0
DR JERRY HENDRIX	SECRETARY	1.25	Officer Director	$0	$0	$0
VADM ALBERT H KONETZNI JR	PRESIDENT	1.25	Officer Director	$0	$0	$0
WILLIAM KOCH	DIRECTOR	1.25	Director	$0	$0	$0
DR CHRISTOPHER LEHMAN	DIRECTOR	1.25	Director	$0	$0	$0
DR JENNIFER LONDON	DIRECTOR	1.25	Director	$0	$0	$0
RADM MARK MONTGOMERY	TREASURER	1.25	Officer Director	$0	$0	$0
CDR EVERETT ALVAREZ JR USN	DIRECTOR	1.25	Director	$0	$0	$0
BRADLEY S CARLSON	EXECUTIVE DI	15.00	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	$6,022,132	$3,412,800	$9,426,513	$2,609,332
2023	$4,066,878	$1,218,203	$5,570,479	$2,848,675
2022	$1,714,725	$473,244	$1,724,730	$1,241,481

NAVY MUSEUM DEVELOPMENT FOUNDATION