MORRISTOWN HISTORICAL SOCIETY INC (EIN 036007801) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

RICHARD SARGENT

Phone

8028887617

Tax Period

2023-01-01 to 2023-12-31

MORRISTOWN HISTORICAL SOCIETY INC, founded in 1952, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $41K left a modest 13% surplus.

Mission

THE PURPOSE OF THE SOCIETY IS TO STUDY, RECORD, COLLECT, AND PRESERVE THE HISTORY OF MORRISTOWN AND ITS ENVIRONS FOR POSTERITY. THE SOCIETY SHALL PROVIDE EDUCATION ABOUT MORRISTOWN'S HISTORY THROUGH EXHIBITS, PROGRAMS AND ACCESS TO ITS COLLECTIONS.

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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 $3,801

Program Service Revenue $541

Investment Income $42,552

Other Revenue $0

TOTAL REVENUE $46,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,361

Fundraising Expenses $0

Program Expenses $36,721

Other Expenses $19,662

TOTAL EXPENSES $41,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,894	$56,895	-0.2%
Expenses	$41,023	$45,480	-0.1%
Net Income	$5,871	$11,415	-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

Total Directors

$12,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY HAERTHER	DIRECTOR	12.00	Director	$12,238	$0	$12,238
JOSH GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LIZOTTE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MOKS	DIRECTOR	1.00	Director	$0	$0	$0
TODD THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA KRISTAN	VICE PRESIDE	1.00	Officer	$0	$0	$0
JILL MUDGETT	PRESIDENT	1.00	Officer	$0	$0	$0
RICHARD SARGENT	TREASURER	1.00	Officer	$0	$0	$0
MEREDITH SCOTT	SECRETARY	1.00	Officer	$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	$46,894	$41,023	$1,238,227	$5,871
2022	$56,895	$45,480	$1,113,581	$11,415
2021	$56,010	$40,344	$1,233,694	$15,666
2020	$36,085	$21,295	$1,137,004	$14,790
2019	$31,753	$36,077	$1,262,787	$-4,324
2018	$18,343	$34,864	$1,389,996	$-16,521

MORRISTOWN HISTORICAL SOCIETY INC