LT MICHAEL P MURPHY NAVY SEAL MUSEUM
Mission Statement
The museum will become the place to preserve the history and honor of the Navy SEALS. The foundation of the museum will be to educate generations through historical preservation. The museum will have a classroom facility to train and support our upcoming Navy Sea Cadets. The museum will serve as a place for those we lost to be remembered, forever. It is those we honor that fell before us that allow us to build this museum. Without their sacrifice, none of this would be possible. The museum will be a cornerstone of our community, recognized as a place to gather for events and collaborate together. Once complete the museum will be a place for groups to organize and gather and be available for private, community and corporate events.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.3% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.6% | 14.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1.0% | 28.6% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
42.9 mo | 10.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
13.9% | 1.9% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.3% | 79.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-17.2% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
59.2% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-23.7% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $632K | $782K | $2.8M | 75.3% | 9 |
| 2022 | $763K | $491K | $2.9M | 78.0% | 8 |
| 2021 | $1.2M | $121K | N/A | — | 1 |
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