SALEM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROPRIETORS OF THE SALEM ATHENAEUM, founded in 1810, is a small nonprofit in the Education sector that reported $356K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 17% operating margin.
THE MISSION OF THE SALEM ATHENAEUM IS TO PRESERVE AND EXCITE THE LITERARY AND CULTURAL PASSIONS OF THE NORTH SHORE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $356,062 | $451,137 | -0.2% |
| Expenses | $296,869 | $265,152 | +0.1% |
| Net Income | $59,193 | $185,985 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BARBARA CLEARY | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW FRENCH | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEAN MARIE PROCIOUS | EXECUTIVE DIR. | 40.00 |
Director
|
$62,539 | $0 | $62,539 |
| AUGUSTINE SOUSA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE BUCK | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA TIMMONS | CLERK | 8.00 |
Director
|
$0 | $0 | $0 |
| PAMELA HARTFORD | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| DONALD GILLIGAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM LUNDREGAN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOYCE MARONEY | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| JODIE SALASNY | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY O'DONNELL | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH VAGO | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| STANLEY USOVICZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDITH KOHN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD GRAHAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $356,062 | $296,869 | $2,199,456 | $59,193 |
| 2024 | $451,137 | $265,152 | $2,135,192 | $185,985 |
| 2023 | $244,024 | $283,998 | $1,931,453 | $-39,974 |
| 2022 | $417,714 | $268,645 | $2,139,754 | $149,069 |
| 2021 | $356,420 | $262,861 | $2,053,290 | $93,559 |
| 2020 | $202,361 | $212,413 | $1,709,626 | $-10,052 |
| 2019 | $195,673 | $193,741 | $1,787,050 | $1,932 |
| 2018 | $252,327 | $185,594 | $1,719,901 | $66,733 |
Compare PROPRIETORS OF THE SALEM ATHENAEUM with other nonprofits in Massachusetts and across the country.