BAR HARBOR HISTORICAL SOCIETY INC

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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

1976

Legal Domicile

Principal Officer

BECKY HEDEN

Phone

2072880000

Tax Period

2023-01-01 to 2023-12-31

BAR HARBOR HISTORICAL SOCIETY INC, founded in 1976, is a small nonprofit that reported $475K in total revenue in fiscal year 2023. Expenses of $538K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO EFFECTIVELY DISPLAY AND PRESERVE BAR HARBOR'S RICH PAST THROUGH OUR UNIQUE COLLECTION, TO PROPERLY INTERPRET THE DESIGN, CONTENT AND HISTORY OF LA ROCHELLE, AND TO ASSURE ACCESS, ENJOYMENT AND EDUCATIONAL OPPORTUNITIES FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $380,659 Revenue: $141,907

THE MUSEUM IS ADVANCING ITS COLLECTIONS CARE AND EXPANDING THE DIGITIZATION OF ITS ARCHIVES TO PROVIDE GREATER PUBLIC ACCESS TO THE HISTORY OF BAR HARBOR. IT WELCOMES VISITORS TO THE LA ROCHELLE...

THE MUSEUM IS ADVANCING ITS COLLECTIONS CARE AND EXPANDING THE DIGITIZATION OF ITS ARCHIVES TO PROVIDE GREATER PUBLIC ACCESS TO THE HISTORY OF BAR HARBOR. IT WELCOMES VISITORS TO THE LA ROCHELLE MANSION AND MUSEUM IN THE SPRING, SUMMER, AND FALL SEASONS, INCLUDING HOSTING OTHER NONPROFITS IN EXHIBITIONS. EXHIBITIONS HAVE EXPANDED, USING THE ENTIRE SECOND FLOOR AND PART OF THE THIRD FLOOR OF THE MUSEUM.

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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 $317,388

Program Service Revenue $141,907

Investment Income $5,760

Other Revenue $9,469

TOTAL REVENUE $474,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,511

Fundraising Expenses $75,156

Program Expenses $380,659

Other Expenses $295,086

TOTAL EXPENSES $537,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,524	$470,064	+0.0%
Expenses	$537,597	$530,874	+0.0%
Net Income	$-63,073	$-60,810	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL BRECHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BRIGNULL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD COUGH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF DOBBS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH DYER	DIRECTOR	1.00	Director	$0	$0	$0
BECKY HEDEN	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE NORBY	DIRECTOR	1.00	Director	$0	$0	$0
LISA PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN RAPKIEVIAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM STGERMAIN	DIRECTOR	1.00	Director	$0	$0	$0
TOM TESTA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KAY THEEDE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA WALKER	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI WITTWER	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2023	$474,524	$537,597	$4,841,436	$-63,073
2022	$470,064	$530,874	$4,914,114	$-60,810
2021	$570,599	$352,759	$5,963,655	$217,840
2020	$1,253,340	$264,092	$5,931,334	$989,248
2019	$1,059,637	$199,636	$5,813,238	$860,001