Thetford 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

1972

Legal Domicile

Principal Officer

Marshall Van Norden

Phone

8027852068

Tax Period

2025-01-01 to 2025-12-31

Thetford Historical Society, founded in 1972, is a micro nonprofit that reported $59K in total revenue in fiscal year 2025. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 57% operating deficit.

Mission

To collect, preserve, and display information and artifacts connected with the history of Thetford.

Program Service Accomplishments

Program 1

Expenses: $35,187 Revenue: $25,000

The THS Library was once again open to the public, staffed 2 days per week. We provided assistance to individuals looking into family genealogy and other topics related to our local history. We...

The THS Library was once again open to the public, staffed 2 days per week. We provided assistance to individuals looking into family genealogy and other topics related to our local history. We assisted students at Thetford Academy with their curriculum. We responded to phone and e-mail requests several times each week.

Program 2

Expenses: $35,097 Revenue: $25,000

The THS Barn Museum has been recovering from a 2016 flood and a 2019 car accident. There were no programs or open hours in 2024. Extensive repairs were made. Board members and volunteers worked to...

The THS Barn Museum has been recovering from a 2016 flood and a 2019 car accident. There were no programs or open hours in 2024. Extensive repairs were made. Board members and volunteers worked to prepare a new exhibit space. The THS collection consists of antique furniture, farm implements, and artwork which is housed in the Barn Museum and Historical Library. The entire collection is available for use by scholars, school children, and anyone with an interest in history.

Program 3

Expenses: $16,040 Revenue: $8,634

We had three programs on Forests, co-sponsored with Thetford Libraries and Thetford Conservation Commission. Programs were videotaped. Attendance 250 people. We displayed information at the Thetford Hill Fair, and engaged with 75 residents. We developed a display of Samplers made by residents with ties to Revolutionary-era soldiers from our town and brought this to the Thetford Hill Fair. Our Annual Meeting featured a talk by former VT Attorney General Jeffrey Amestoy speaking about his recent book Winters Time. Attendance 50 people. Members of THS continued to develop and update our walking tour guides. Our Oral History Committee continues interviews with Town elders. Our Fall 2024 Annual Meeting featured a presentation on heirloom fruits and vegetables. Attendance of 60 people.

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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 (2025)

Revenue Breakdown

Contributions & Grants $18,856

Program Service Revenue $660

Investment Income $27,793

Other Revenue $11,325

TOTAL REVENUE $58,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,203

Fundraising Expenses $0

Program Expenses $86,324

Other Expenses $48,911

TOTAL EXPENSES $92,114

Year-over-Year Comparison

	2025	2024	Change
Revenue	$58,634	$93,938	-0.4%
Expenses	$92,114	$162,152	-0.4%
Net Income	$-33,480	$-68,214	-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

$39,000

Key Employees