CHILMARK ASSOCIATES C/O KATHERINE MCCORD

EIN: 042129222

BOSTON, MA

Total Revenue
$152,495
Total Expenses
$409,704
Total Assets
$2,045,592
Net Assets
$2,045,592
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
MA
Principal Officer
KATHERINE MCCORD
Phone
6173065136
Tax Period
2025-01-01 to 2025-12-31

CHILMARK ASSOCIATES C/O KATHERINE MCCORD, founded in 1919, is a small nonprofit that reported $152K in total revenue in fiscal year 2025. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 169% operating deficit.

Mission

SUPPORT SOCIAL AND RECREATIONAL ACTIVITIES FOR THE MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $409,704 Revenue: $110,538

SUPPORT SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS. THE ENJOYMENT, CARE, AND USE, BY MEMBERS AND GUESTS, OF PROPERTY KNOWN AS BARN HOUSE ON SOUTH ROAD IN CHILMARK, MA. A COMMUNAL RESIDENCE...

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SUPPORT SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS. THE ENJOYMENT, CARE, AND USE, BY MEMBERS AND GUESTS, OF PROPERTY KNOWN AS BARN HOUSE ON SOUTH ROAD IN CHILMARK, MA. A COMMUNAL RESIDENCE PROVIDING A PLACE FOR MEETINGS, DISCUSSIONS, AND OCCASIONAL THEATRICS. THE PROPERTY IS LISTED AND DESIGNATED IN THE NATIONAL REGISTER OF HISTORIC PLACES IN RECOGNITION OF THE HISTORICAL SIGNIFICANCE OF THE ORIGINAL STRUCTURES.BARN HOUSE IS AN ONGOING INSTITUTION, THOUGH ALTERED OVER TIME, RETAINS SUFFICIENT INTEGRITY TO SUPPORT ITS ARCHITECTURAL SIGNIFICANCE AS A RARE SURVIVOR OF THE TYPE OF HOUSE ERECTED DURING CHILMARK'S EARLIEST YEARS OF ENGLISH SETTLEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $114,656
Investment Income $37,839
Other Revenue $0
TOTAL REVENUE $152,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,880
Fundraising Expenses $0
Program Expenses $409,704
Other Expenses $368,824
TOTAL EXPENSES $409,704

Year-over-Year Comparison

2025 2024 Change
Revenue $152,495 $841,687 -0.8%
Expenses $409,704 $134,338 +2.0%
Net Income $-257,209 $707,349 -1.4%
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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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE MCCORD CHAIR 2.00
Officer Director
$0 $0 $0
TERESA HARGRAVE SECRETARY 2.00
Officer Director
$0 $0 $0
KEVIN O'KEEFE TRUSTEE 2.00
Director
$0 $0 $0
SUSAN MOIR TRUSTEE 2.00
Director
$0 $0 $0
GUY BABINEAU TRUSTEE 2.00
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
2025 $152,495 $409,704 $2,045,592 $-257,209
2024 $841,687 $134,338 $2,301,001 $707,349
2023 $163,809 $113,723 $1,593,652 $50,086
2022 $138,121 $129,857 $1,543,566 $8,264
2021 $131,159 $100,937 $1,535,302 $30,222
2020 $80,884 $92,626 $1,508,189 $-11,742
2019 $159,291 $123,837 $1,519,931 $35,454
2018 $108,971 $92,567 $1,484,477 $16,404
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