FREEPORT HISTORICAL SOCIETY (EIN 010346944) - 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

1969

Principal Officer

ERIC C SMITH

Phone

2078653170

Tax Period

2023-01-01 to 2023-12-31

FREEPORT HISTORICAL SOCIETY is a 501(c)(3) with EIN 010346944, based in FREEPORT, ME. Founded in 1969, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $190,519 in total revenue and $259,863 in total expenses, with net assets of $1,951,774.

Mission

TO ENCOURAGE THE SHARING AND ENJOYMENT OF THE LONG HISTORY OF FREEPORT, MAINE.

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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 $135,841

Program Service Revenue $7,511

Investment Income $19,561

Other Revenue $27,606

TOTAL REVENUE $190,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,366

Fundraising Expenses $13,819

Program Expenses $168,819

Other Expenses $103,497

TOTAL EXPENSES $259,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,519	$194,986	0.0%
Expenses	$259,863	$223,881	+0.2%
Net Income	$-69,344	$-28,895	+1.4%

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

$69,373

Total Directors

$69,373

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC C SMITH	EXECUTIVE DI	40.00	Officer Director	$69,373	$0	$69,373
MARY BABIKIAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PAULINE BRANN	SECRETARY	2.00	Director	$0	$0	$0
SCOTT BURRILL	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID COFFIN	TRUSTEE	2.00	Director	$0	$0	$0
JIM DEGRANDPRE	PRESIDENT	3.00	Officer Director	$0	$0	$0
JANE GRANT	TRUSTEE	1.00	Director	$0	$0	$0
NORAH HEALY	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA HOTELLING	TRUSTEE	3.00	Director	$0	$0	$0
DENNIS LANDIS	TRUSTEE	1.00	Director	$0	$0	$0
NADIA SALIBA	TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY SNOW	TRUSTEE	1.00	Director	$0	$0	$0
SALLY WALSH	TRUSTEE	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	$190,519	$259,863	$1,956,923	$-69,344
2022	$194,986	$223,881	$1,971,181	$-28,895
2021	$353,719	$162,798	$2,167,943	$190,921
2020	$302,750	$185,314	$1,938,628	$117,436
2019	$222,262	$192,993	$1,709,809	$29,269
2018	$180,254	$202,091	$1,569,678	$-21,837

FREEPORT HISTORICAL SOCIETY