BULLARD MEMORIAL FARM ASSOCIATION C/O PHILIP AUDIER

EIN: 042109920 501(c)(3) Arts, Culture & Humanities

NORTH READING, MA

Total Revenue
$312,612
Total Expenses
$166,705
Total Assets
$5,612,644
Net Assets
$5,605,554
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1909
Legal Domicile
MA
Principal Officer
PHILIP AUDIER
Phone
9782760431
Tax Period
2024-01-01 to 2024-12-31

BULLARD MEMORIAL FARM ASSOCIATION C/O PHILIP AUDIER, founded in 1909, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $146K, a strong 47% operating margin.

Mission

THE MISSION IS TO SUPPORT THE PRESERVATION, PROTECTION, AND RESTORATION OF HISTORIC STRUCTURES AND RESOURCES REFLECTING EARLY NEW ENGLAND LIFE AT THE BULLARD MEMORIAL FARM. TO ACHIEVE THIS MISSION, WE WILL SUPPORT, ENCOURAGE, INFORM, AND EDUCATE OUR COMMUNITY AND MEMBERSHIP OF THE ARCHITECTURAL SIGNIFICANCE, HISTORY AND HERITAGE OF THE BULLARD MEMORIAL FARM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,728
Program Service Revenue $870
Investment Income $277,401
Other Revenue $2,613
TOTAL REVENUE $312,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,140
Fundraising Expenses $256
Program Expenses $141,151
Other Expenses $130,565
TOTAL EXPENSES $166,705

Year-over-Year Comparison

2024 2023 Change
Revenue $312,612 $280,971 +0.1%
Expenses $166,705 $143,842 +0.2%
Net Income $145,907 $137,129 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
25

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE MCFARLAND PRESIDENT 4.0
Officer Director
$0 $0 $0
JAY MCFARLAND FORMER PRESIDENT 4.0
Officer Director
$0 $0 $0
MEREDITH FLYNN CLERK 4.0
Officer Director
$0 $0 $0
PHILIP AUDIER TREASURER 4.0
Officer Director
$0 $0 $0
TARA P HATHAWAY MEMBERSHIP OFFICER 4.0
Officer Director
$0 $0 $0
GEORGE BOLLENBACHER DIRECTOR 4.0
Director
$0 $0 $0
JOHN HATHAWAY DIRECTOR 4.0
Director
$0 $0 $0
SCOTT HILLS DIRECTOR 4.0
Director
$0 $0 $0
STEVE HOOD DIRECTOR 4.0
Director
$0 $0 $0
CHARLES THURLOW IV DIRECTOR 4.0
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
2025 No data No data No data No data
2024 $312,612 $166,705 $5,612,644 $145,907
2023 $280,971 $143,842 $5,109,275 $137,129
2022 $498,602 $152,297 $4,473,905 $346,305
2021 $286,721 $159,588 $4,801,510 $127,133
2020 $80,738 $139,047 $4,324,207 $-58,309
2019 $284,952 $145,666 $3,998,849 $139,286
2018 $267,924 $126,098 $3,524,892 $141,826
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