BAR HARBOR HISTORICAL SOCIETY INC (EIN 010342596) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 is a 501(c)(3) with EIN 010342596, based in BAR HARBOR, ME. Founded in 1976, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $474,524 in total revenue and $537,597 in total expenses, with net assets of $3,822,348.

Mission

PRESERVATION OF HISTORICAL LANDMARKS, DOCUMENTS, ETC. AND PROVISION OF ACCESS TO SAID DOCUMENTS TO THE PUBLIC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

BAR HARBOR HISTORICAL SOCIETY INC