FARMINGTON HISTORICAL SOCIETY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Janice Maxham

Phone

2077782006

Tax Period

2025-01-01 to 2025-12-31

FARMINGTON HISTORICAL SOCIETY INC, founded in 1984, is a micro nonprofit that reported $41K in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 408 months of operating reserves.

Mission

The Farmington Historical Society Inc. mission is to discover, procure and preserve the history of Farmington Maine

Program Service Accomplishments

Program 1

Expenses: $4,443 Revenue: $0

Continued restoration and preservation of the North Church. This was funded from Grants and matching funds.

Program 2

Expenses: $1,652 Revenue: $0

Work on the Titcomb House added a research center and updated a bathroom.

Program 3

Expenses: $1,383 Revenue: $0

Octagon House Maintenance & Repairs.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $23,543

Program Service Revenue $0

Investment Income $1,293

Other Revenue $16,240

TOTAL REVENUE $41,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,847

Other Expenses $43,847

TOTAL EXPENSES $43,847

Year-over-Year Comparison

	2025	2024	Change
Revenue	$41,076	$76,034	-0.5%
Expenses	$43,847	$62,184	-0.3%
Net Income	$-2,771	$13,850	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Layne Nason	Trustee	4	Director	$0	$0	$0
Nancy Austin	Trustee	1	Director	$0	$0	$0
Theresa Overall	Trustee	2.5	Director	$0	$0	$0
Marion Scharoun	Trustee	5	Director	$0	$0	$0
Dan Maxham	Trustee	1	Director	$0	$0	$0
Joe Austin	Vice President	1	Director	$0	$0	$0
Janice Maxham	Treasurer	3	Director	$0	$0	$0
Jane Woodman	Trustee	6	Director	$0	$0	$0
Theresa Foster	Secretary	2	Director	$0	$0	$0
David Spenciner	President	3	Director	$0	$0	$0
Jeff Wright	Trustee	4	Director	$0	$0	$0
Jpyce Morton	Trustee	3	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	$41,076	$43,847	$1,394,930	$-2,771
2024	$76,034	$62,184	$553,771	$13,850
2023	$42,711	$70,068	$539,921	$-27,357
2022	$34,049	$47,538	$543,827	$-13,489
2021	$35,776	$59,763	$543,385	$-23,987
2020	$72,528	$22,490	$567,320	$50,038