ANDROSCOGGIN 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

1923

Legal Domicile

Principal Officer

THIAGO GOES

Phone

2077540568

Tax Period

2024-07-01 to 2025-06-30

ANDROSCOGGIN HISTORICAL SOCIETY, founded in 1923, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 80% operating deficit.

Mission

THE ANDROSCOGGIN HISTORICAL SOCIETY EXISTS TO DISCOVER, PRESERVE AND DISSEMINATE KNOWLEDGE ABOUT THE HISTORY OF ANDROSCOGGIN COUNTY AND THE STATE OF MAINE.

Program Service Accomplishments

Program 1

Expenses: $80,797 Revenue: $2,537

INVOLVING, ENTERTAINING, AND EDUCATING THE PUBLIC THROUGH LECTURES, DEMONSTRATIONS, TOURS AND OTHER PUBLIC OUTREACH.

Program 2

ACQUIRING, CATALOGING, MAINTAINING, CONSERVING, AND DISPLAYING HISTORICAL ARTIFACTS, ARCHIVES, AND REFERENCE MATERIALS FOR USE BY MEMBERS AND THE GENERAL PUBLIC.

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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 $51,463

Program Service Revenue $115

Investment Income $2,177

Other Revenue $2,422

TOTAL REVENUE $56,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,287

Fundraising Expenses $5,011

Program Expenses $80,797

Other Expenses $76,553

TOTAL EXPENSES $100,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,177	$79,923	-0.3%
Expenses	$100,840	$104,573	0.0%
Net Income	$-44,663	$-24,650	+0.8%

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
THIAGO GOES	TREASURER	11.00	Officer Director	$0	$0	$0
PENELOPE JESSOP	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
SUSAN LAMIE	SECRETARY	4.00	Officer Director	$0	$0	$0
MARTI CHABOT	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON CHADBOURNE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE LOUNSBURY	DIRECTOR	1.00	Director	$0	$0	$0
LIN WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY MOGUL	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
2025	$56,177	$100,840	$769,755	$-44,663
2024	$79,923	$104,573	$814,401	$-24,650
2023	$208,827	$48,322	$839,051	$160,505
2022	$163,848	$58,061	$985,546	$105,787