SCHWAMB MILL PRESERVATION TRUST

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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

1969

Legal Domicile

Principal Officer

DERMONT WHITTAKER

Phone

7816430554

Tax Period

2024-01-01 to 2024-12-31

SCHWAMB MILL PRESERVATION TRUST, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $166K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 48% operating margin.

Mission

THE SCHWAMB MILL PRESERVATION TRUST INC EXISTS FOR THE PRESERVATION, MAINTENANCE, AND ENHANCEMENT OF THE OLD SCHWAMB MILL IN ARLINGTON MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $973

APPRENTICESHIP PROGRAM IN WOODWORKING & CONSERVATION FRAMING EDUCATION IN HISTORIC INDUSTRIAL PRESERVATION AND THE CARE AND MAINTENANCE OF HISTORIC MACHINERY. MILL IS OPEN FREE TO THE PUBLIC WEEKDAYS AND BY APPOINTMENT. VISITATION BY INDIVIDUALS AND GROUPS EXCEEDS 5,000 ANNUALLY APPROXIMATELY 100 DEMONSTRATIONS OF OPERATIONAL MACHINERY PERFORMED; ONE APPRENTICE INSTRUCTOR.

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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 $55,429

Program Service Revenue $0

Investment Income $10,190

Other Revenue $100,416

TOTAL REVENUE $166,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,711

Fundraising Expenses $0

Program Expenses $973

Other Expenses $58,204

TOTAL EXPENSES $85,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,035	$137,633	+0.2%
Expenses	$85,915	$67,599	+0.3%
Net Income	$80,120	$70,034	+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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE DINGEE	DIRECTOR	10.00	Director	$0	$0	$0
WAYNE SCHWAMB	HONORARY DIRECTOR	10.00	Director	$0	$0	$0
DOREEN STEVENS	DIRECTOR	10.00	Director	$0	$0	$0
ELLEN COHEN	DIRECTOR	10.00	Director	$0	$0	$0
REED SNYDER	DIRECTOR	10.00	Director	$0	$0	$0
ROBERT B TANNER	DIRECTOR	10.00	Director	$0	$0	$0
ANN M LEROYER	CLERK	10.00	Director	$0	$0	$0
ROSE M AUSTIN	DIRECTOR	10.00	Director	$0	$0	$0
RICHARD A DUFFY	TREASURER	10.00	Officer	$0	$0	$0
JANET O'RIORDAN	VICE PRESIDENT	10.00	Officer	$0	$0	$0
DERMOT WHITTAKER	PRESIDENT	10.00	Officer	$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	$166,035	$85,915	$1,100,904	$80,120
2023	$137,633	$67,599	$1,020,783	$70,034
2022	$64,009	$81,628	$950,749	$-17,619
2021	$93,794	$60,464	$968,367	$33,330
2020	$89,197	$49,808	$935,037	$39,389
2019	$152,369	$68,675	$902,075	$83,694
2018	$70,143	$63,160	$821,342	$6,983