Fall River Historical Society (EIN 042125012) - 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

1921

Legal Domicile

Principal Officer

MARK GENDREAU

Phone

5086791071

Tax Period

2024-05-01 to 2025-04-30

Fall River Historical Society, founded in 1921, is a small nonprofit in the Arts, Culture & Humanities sector that reported $651K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Net assets of $5.4M represent 99 months of operating reserves.

Mission

THE PURPOSE OF THE SOCIETY IS TO PROCURE, EXHIBIT, PRESERVE AND PERPETUATE DOCUMENTS, RECORDS, DATA AND OTHER EVIDENCE RELATING TO THE HISTORY OF FALL RIVER AND ITS VICINITY AND THE MULTICULTURAL PEOPLE THEREOF, AND TO PROMOTE PUBLIC UNDERSTANDING THROUGH EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $497,388

Program Service Revenue $2,709

Investment Income $159,545

Other Revenue $-8,867

TOTAL REVENUE $650,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,803

Fundraising Expenses $57,545

Program Expenses $444,752

Other Expenses $439,920

TOTAL EXPENSES $668,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,775	$2,345,788	-0.7%
Expenses	$668,723	$587,037	+0.1%
Net Income	$-17,948	$1,758,751	-1.0%

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

$108,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MARTINS	CURATOR	60.0	Officer	$102,696	$6,152	$108,848
MARK GENDREAU	PRESIDENT	2.5	Officer Director	$0	$0	$0
BETTY PRESCOTT	1st vice president	15.0	Officer Director	$0	$0	$0
WILLIAM MONIZ	2nd vice president	20.0	Officer Director	$0	$0	$0
BETTY M WELCH	treasurer	5.0	Officer Director	$0	$0	$0
JOSEPH BORGES	ASST. TREASURER	2.5	Officer Director	$0	$0	$0
KATHLEEN ROCKETT	SECRETARY	15.0	Officer Director	$0	$0	$0
DONNA DUNN	DIRECTOR	1.0	Director	$0	$0	$0
ANGELINA GASTALL	DIRECTOR	2.5	Director	$0	$0	$0
ROBERT KITCHEN	DIRECTOR	2.5	Director	$0	$0	$0
SUSAN LAVOIE	DIRECTOR	5.0	Director	$0	$0	$0
SUZIE MILLS SHAW	DIRECTOR	15.0	Director	$0	$0	$0
DENISE SHERMAN	DIRECTOR	1.0	Director	$0	$0	$0
JAMES SMITH	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES CULLEN	DIRECTOR	2.5	Director	$0	$0	$0
CHRISTINA JOHNK	DIRECTOR	2.5	Director	$0	$0	$0
JOHN MITCHELL	DIRECTOR	2.5	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	$650,775	$668,723	$5,627,525	$-17,948
2024	$2,345,788	$587,037	$5,619,535	$1,758,751
2023	$990,255	$519,030	$3,594,287	$471,225
2022	$1,818,099	$534,890	$3,386,735	$1,283,209
2021	$574,372	$416,709	$2,259,992	$157,663
2020	$1,127,764	$396,174	$1,861,827	$731,590
2019	$323,040	$365,773	$1,190,271	$-42,733

Fall River Historical Society