PORTSMOUTH 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

1917

Legal Domicile

Principal Officer

NANCY PEARSON

Phone

6034368433

Tax Period

2023-01-01 to 2023-12-31

PORTSMOUTH HISTORICAL SOCIETY, founded in 1917, is a small nonprofit that reported $679K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $858K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE PORTSMOUTH HISTORICAL SOCIETY'S MUSEUMS AND PROGRAMS CONNECT THE COMMUNITY TO OUR PAST, PRESENT AND FUTURE THROUGH COLLECTIONS, INTERPRETATION, EDUCATION AND PRESERVATION.

Program Service Accomplishments

Program 1

Expenses: $526,293 Revenue: $336,642

FOUNDED IN 1917, THE PORTSMOUTH HISTORICAL SOCIETY OPENED THE JOHN PAUL JONES HOUSE AS A MUSEUM IN 1920. FOR MORE THAN A CENTURY, THE ORGANIZATION HAS GATHERED A DIVERSE COLLECTION THAT FULFILLS ITS MISSION TO ILLUSTRATE AND UNDERSTAND THE HISTORY AND MATERIAL LIFE OF PORTSMOUTH AND THE IMMEDIATE SEACOAST AREA FROM THE SEVENTEENTH CENTURY TO THE PRESENT.TODAY THE PORTSMOUTH HISTORICAL SOCIETY OPERATES TWO PROPERTIES, IT'S MAIN BUILDING LOCATED AT 10 MIDDLE STREET, AND THE JOHN PAUL JONES HOUSE, LOCATED JUST ACROSS THE STREET. IN ADDITION TO ENJOYING THE MUSEUM, VISITORS CAN JOIN US ON A WALKING TOUR, OR TAKE PART IN ONE OF OUR MANY PUBLIC PROGRAMS. WE WELCOME 37,000 VISITORS A YEAR.

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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 $248,793

Program Service Revenue $153,085

Investment Income $27,755

Other Revenue $249,536

TOTAL REVENUE $679,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,401

Fundraising Expenses $89,016

Program Expenses $526,293

Other Expenses $320,971

TOTAL EXPENSES $858,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$679,169	$514,411	+0.3%
Expenses	$858,372	$859,915	0.0%
Net Income	$-179,203	$-345,504	-0.5%

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

$82,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA CALHOUN	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY PEARSON	PRESIDENT	2.00	Director	$0	$0	$0
PAMELA YONKIN	TREASURER	2.00	Director	$0	$0	$0
KERRY VAUTROT	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN FINEBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER MICHAUD	SECRETARY	2.00	Director	$0	$0	$0
KEN GOLDMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA CERUZZI	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES DOLEAC	VICE PRESIDENT	2.00	Director	$0	$0	$0
MICHAELA NEIRO	BOARD MEMBER	4.00	Director	$0	$0	$0
EMMA STRATTON	EXECUTIVE DIRECTOR	40.00	Officer	$82,886	$0	$82,886

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	$679,169	$858,372	$3,237,999	$-179,203
2022	$514,411	$859,915	$3,428,617	$-345,504
2021	$3,186,969	$789,357	$3,776,411	$2,397,612
2020	$775,213	$575,679	$1,421,861	$199,534
2019	$581,175	$586,910	$1,283,956	$-5,735
2018	$766,003	$681,782	$1,336,677	$84,221