MASSACHUSETTS HORTICULTURAL SOCIETY (EIN 042104714) - 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

1829

Legal Domicile

Principal Officer

JAMES HEARSUM

Phone

6179334981

Tax Period

2023-10-01 to 2024-09-30

MASSACHUSETTS HORTICULTURAL SOCIETY, founded in 1829, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

MASSACHUSETTS HORTICULTURAL SOCIETY SEEKS TO HELP PEOPLE CHANGE THEIR LIVES AND COMMUNITIES FOR THE BETTER THROUGH GROWING PLANTS TOGETHER. FOR 196 YEARS, MASSACHUSETTS HORTICULTURAL SOCIETY HAS HAD A MISSION TO PROMOTE THE ART AND SCIENCE OF HORTICULTURE, WHILE STAYING TRUE TO ITS FOUNDING MOTTO, `COMMUNE BONUM,' FOR THE PUBLIC GOOD.

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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 $777,782

Program Service Revenue $1,658,424

Investment Income $109,555

Other Revenue $508,500

TOTAL REVENUE $3,054,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,631,297

Fundraising Expenses $269,024

Program Expenses $2,569,556

Other Expenses $1,895,408

TOTAL EXPENSES $3,526,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,054,261	$3,262,347	-0.1%
Expenses	$3,526,705	$2,726,728	+0.3%
Net Income	$-472,444	$535,619	-1.9%

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

255

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

$259,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HEARSUM	EXECUTIVE DIRECTOR	40.00	Officer	$147,396	$5,741	$153,137
JENNIFER JONES	DIR OF FINANCE AND ADMIN	40.00	Officer	$93,114	$12,841	$105,955
KAREN DAUBMANN	DIRECTOR OF GARDEN AND PROGRAMS	40.00	Highest	$108,725	$9,475	$118,200
GRETEL ANSPACH	CHAIR/BOARD MEMBER	5.00	Officer Director	$0	$0	$0
CRAIG KLEIN	TREASURER	5.00	Officer Director	$0	$0	$0
CARRIE WATERMAN	CLERK	5.00	Officer Director	$0	$0	$0
FINLEY PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM MCCONNELL IV	BOARD MEMBER	1.00	Director	$0	$0	$0
DR BARBARA MILLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN S MOONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DARROL ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAHAM LUCE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY WINDHORST	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN R STRIEDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL W DALY	BOARD MEMBER	1.00	Director	$0	$0	$0
THADDEUS THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE SCHNEE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL SPINELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE B MCCANCE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB SMITH	BOARD MEMBER	1.00	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
2024	$3,054,261	$3,526,705	$6,984,259	$-472,444
2023	$3,262,347	$2,726,728	$7,022,258	$535,619
2022	$2,698,580	$2,491,390	$6,172,248	$207,190
2021	$2,140,284	$1,832,947	$6,410,602	$307,337
2020	$1,588,548	$1,563,138	$5,927,658	$25,410
2019	$1,797,664	$1,863,489	$5,722,531	$-65,825
2018	$1,966,019	$1,796,389	$5,796,865	$169,630

MASSACHUSETTS HORTICULTURAL SOCIETY