PORTLAND, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAINE HISTORICAL SOCIETY, founded in 1822, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 56% operating deficit.
Maine Historical Society, founded in 1822, is a private non-profit whose mission is to preserve and share Maine's story. Based in Portland, we work closely with communities and partners throughout the state, and serve a statewide and global audience, reaching people interested in Maine throughout the world. Our core program areas include the Brown Research Library, the MHS Museum which includes the Wadsworth-Longfellow House (1785-6), and the Maine Memory Network (www.mainememory.net), our nationally recognized digital platform. Through these activities, MHS serves approximately 500,000 people each year on our campus, through outreach programs, and online.
The Brown Research Library provides access to the most comprehensive collection of archival material related to Maine history and serves researchers, scholars, educators, students, genealogists, the...
The Brown Research Library provides access to the most comprehensive collection of archival material related to Maine history and serves researchers, scholars, educators, students, genealogists, the general public, and professionals from many fields. Major recent acquisitions include the archives of the Central Maine Power Company, Bangor Theological Seminary, the Merrill Companies, Maine Medical Center, landscape architect Patrick Chasse, and architect Carol Wilson. We recently completed major collections initiatives related to our early Maine photography, Portland Press Herald, Glass Plate Negative, clothing, architecture, and Proprietors and Northeast Boundary collections. MHS also supports extensive scholarly and collections activities. We publish the scholarly journal Maine History with the History Department at the University of Maine and regularly host fellowships and scholarly forums. We also partner with and provide archival, curatorial, storage, and other services to individuals, institutions, and businesses
The MHS Museum offers tours of the Wadsworth-Longfellow House, changing exhibitions, and public programs that use Maine history to provide information, context, and perspective for issues of...
The MHS Museum offers tours of the Wadsworth-Longfellow House, changing exhibitions, and public programs that use Maine history to provide information, context, and perspective for issues of contemporary interest and concern. Recent major initiatives explored immigration, veterans' issues, Maine's food heritage and economy, Maine's evolving paper industry, and 13,000 years of Wabanaki presence in and stewardship of Maine. Each includes an exhibition, digital resources, extensive public programs delivered via Zoom, and educational resources that support remote learning. All are available online. Last year's exhibition, Notorious: Maine Crime in the Public Eye, 1690-1940, explored Maine's fascination with true crime.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,930,396 | $2,888,722 | -0.3% |
| Expenses | $3,008,296 | $2,964,067 | +0.0% |
| Net Income | $-1,077,900 | $-75,345 | +13.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Peter Merrill | Chair | 6.00 |
Officer
Director
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$0 | $0 | $0 |
| Michael Bourque | 1st Vice Chair | 6.00 |
Officer
Director
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$0 | $0 | $0 |
| Drew Swenson | 2nd Vice Chair | 6.00 |
Officer
Director
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$0 | $0 | $0 |
| Natalie Solotoff | Treasurer | 6.00 |
Officer
Director
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$0 | $0 | $0 |
| Tamara Risser | Secretary | 6.00 |
Officer
Director
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$0 | $0 | $0 |
| Myron Beasley | Board Member | 6.00 |
Director
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$0 | $0 | $0 |
| Elizabeth Christensen | Board Member | 6.00 |
Director
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$0 | $0 | $0 |
| Dennis Damon | Board Member | 6.00 |
Director
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$0 | $0 | $0 |
| Frank Goodyear | Board Member | 6.00 |
Director
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$0 | $0 | $0 |
| Steve Hewins | Board Member | 6.00 |
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$0 | $0 | $0 |
| Brent Hoots | Board Member | 6.00 |
Director
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$0 | $0 | $0 |
| Julia Munsey | Board Member | 6.00 |
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$0 | $0 | $0 |
| Robert Peacock | Board Member | 6.00 |
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$0 | $0 | $0 |
| Thomas Platz | Board Member | 6.00 |
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$0 | $0 | $0 |
| Darren Ranco | Board Member | 6.00 |
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$0 | $0 | $0 |
| Mark Reynolds | Board Member | 6.00 |
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$0 | $0 | $0 |
| Susan Rouillard | Board Member | 6.00 |
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$0 | $0 | $0 |
| Stephen Sears | Board Member | 6.00 |
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$0 | $0 | $0 |
| Jacob Soley | Board Member | 6.00 |
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$0 | $0 | $0 |
| Lee Webb | Board Member | 6.00 |
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$0 | $0 | $0 |
| Timothy Woodcock | Board Member | 6.00 |
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$0 | $0 | $0 |
| Bob Greene | Board Member | 6.00 |
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$0 | $0 | $0 |
| Laura Sprague | Board Member | 6.00 |
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$0 | $0 | $0 |
| Stacy Stitham | Board Member | 6.00 |
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$0 | $0 | $0 |
| Stephen Bromage | Executive Director | 40.00 |
Officer
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$143,055 | $5,403 | $148,458 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,930,396 | $3,008,296 | $13,264,110 | $-1,077,900 |
| 2024 | $2,888,722 | $2,964,067 | $14,958,358 | $-75,345 |
| 2023 | $1,763,789 | $2,724,841 | $14,627,996 | $-961,052 |
| 2022 | $6,918,166 | $2,663,326 | $15,181,024 | $4,254,840 |
| 2021 | $2,642,638 | $2,123,542 | $13,012,568 | $519,096 |
| 2020 | $1,413,285 | $2,164,938 | $11,866,932 | $-751,653 |
| 2019 | $1,694,708 | $2,190,023 | $12,368,273 | $-495,315 |
| 2018 | $1,572,434 | $2,145,469 | $12,997,645 | $-573,035 |
Compare MAINE HISTORICAL SOCIETY with other nonprofits in Maine and across the country.