Bangor Historical Society

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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

1864

Legal Domicile

Phone

2079421900

Tax Period

2024-01-01 to 2024-12-31

Bangor Historical Society, founded in 1864, is a small nonprofit that reported $365K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $238K, a strong 65% operating margin.

Mission

Bangor Historical Society's Mission is to share the region's rich history with the community and its visitors through research, education and programs.

Program Service Accomplishments

Program 1

Expenses: $57,272 Revenue: $12,595

Provide research, education, and tours of sites for members of the organization

Program 2

Revenue: $444

Gift Shop Sales

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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 $288,886

Program Service Revenue $13,039

Investment Income $45,473

Other Revenue $17,681

TOTAL REVENUE $365,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,302

Fundraising Expenses $16,809

Program Expenses $57,272

Other Expenses $73,276

TOTAL EXPENSES $127,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,079	$187,499	+0.9%
Expenses	$127,578	$91,606	+0.4%
Net Income	$237,501	$95,893	+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

N/A

Employees

Volunteers

N/A

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
Matthew A Bishop	Executive Director	40.00		$50,327	$0	$50,327
Jessica Ward	Director	0.00	Director	$0	$0	$0
Jon Pottle	Director	0.00	Director	$0	$0	$0
Rebecca Krupke	Director	0.00	Director	$0	$0	$0
Alan Boone	Director	0.00	Director	$0	$0	$0
Richard Bronson	Director	0.00	Director	$0	$0	$0
Ryan Hews	Director	0.00	Director	$0	$0	$0
John Simpson	Director	0.00	Director	$0	$0	$0
Vicki Rusbult	Director	0.00	Director	$0	$0	$0
Sean Barnett	Director	0.00	Director	$0	$0	$0
Risteen Bahr	President	0.00	Officer	$0	$0	$0
Michael Pullen	Vice President	0.00	Officer	$0	$0	$0
Kerrie Trip	Treasurer	0.00	Officer	$0	$0	$0
Shelley Sund	Secretary	0.00	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
2025	No data	No data	No data	No data
2024	$365,079	$127,578	$850,428	$237,501
2023	$187,499	$91,606	$620,309	$95,893
2022	$59,971	$58,142	$518,764	$1,829
2021	$68,194	$41,660	$583,687	$26,534
2020	$62,066	$79,563	$516,386	$-17,497
2019	$60,147	$109,227	$501,460	$-49,080
2018	$165,740	$121,731	$584,946	$44,009
2018	$99,055	$121,731	$518,261	$-22,676