ANDOVER HISTORICAL SOCIETY (EIN 042312091) - 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

1951

Legal Domicile

Principal Officer

DAVID JOYNER

Phone

9784752236

Tax Period

2023-07-01 to 2024-06-30

ANDOVER HISTORICAL SOCIETY, founded in 1951, is a small nonprofit that reported $334K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $449K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE SOCIETY WAS ESTABLISHED FOR THE PURPOSE OF PRESERVING LOCAL HISTORY, SERVING AS A COMMUNITY HISTORICAL CENTER AND PROMOTING COMMUNITY INVOLVEMENT WITHIN THE TOWN OF ANDOVER, MASSACHUSETTS

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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 $265,047

Program Service Revenue $21,344

Investment Income $40,556

Other Revenue $6,716

TOTAL REVENUE $333,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,788

Fundraising Expenses $45,294

Program Expenses $293,947

Other Expenses $192,027

TOTAL EXPENSES $448,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,663	$373,259	-0.1%
Expenses	$448,815	$431,607	+0.0%
Net Income	$-115,152	$-58,348	+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

$67,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JOYNER	PRESIDENT	3.00	Officer Director	$0	$0	$0
CARY WHITE	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
JANE CAIRNS	TREASURER	3.00	Officer Director	$0	$0	$0
DOUG COOPER	CLERK	3.00	Officer Director	$0	$0	$0
BARBARA BUNN	RECORDING SE	3.00	Officer Director	$0	$0	$0
JIM BATCHELDER	DIRECTOR	1.00	Director	$0	$0	$0
SUSHMITA BAWARI	DIRECTOR	1.00	Director	$0	$0	$0
RALPH BLEDSOE	DIRECTOR	1.00	Director	$0	$0	$0
AMY SALANT CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
NORMA GAMMON	DIRECTOR	1.00	Director	$0	$0	$0
AMY HU	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MACKAY	DIRECTOR	1.00	Director	$0	$0	$0
LOIS MCGINNESS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA RANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA RECK	DIRECTOR	1.00	Director	$0	$0	$0
JIM REDMOND	DIRECTOR	1.00	Director	$0	$0	$0
SILVIA SHE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SIMMONDS	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE CLEMENTS	EXECUTIVE DI	40.00	Officer	$67,600	$0	$67,600

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	$333,663	$448,815	$1,936,557	$-115,152
2023	$373,259	$431,607	$1,921,666	$-58,348
2022	$665,566	$355,540	$1,920,646	$310,026
2021	$398,022	$319,890	$1,953,619	$78,132
2020	$252,516	$304,862	$1,700,339	$-52,346

ANDOVER HISTORICAL SOCIETY