TRURO HISTORICAL SOCIETYINC

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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

1967

Legal Domicile

Principal Officer

BARBARA WOHLGEMUTH

Phone

5084873397

Tax Period

2024-01-01 to 2024-12-31

TRURO HISTORICAL SOCIETYINC, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $140K in total revenue in fiscal year 2024. Net assets of $1.4M represent 118 months of operating reserves.

Mission

THE MISSION OF THE TRURO HISTORICAL SOCIETY IS TO ACQUIRE, PROTECT, DISPLAY AND MAINTAIN ARTIFACTS OF INTEREST TO THE GENERAL PUBLIC, WITH SPECIAL EMPHASIS ON THE TRURO COMMUNITY. DISPLAYS WILL ROTATE, NEW ITEMS ACQUIRED, EDUCATIONAL AND ENTERTAINMENT PROGRAMS PRESENTED, ALL IN ORDER TO EXPAND INTEREST IN AND BETTER UNDERSTANDING OF OUR HISTORICAL HERITAGE

Program Service Accomplishments

Program 1

Expenses: $138,147 Revenue: $29,129

PRESERVATION OF THE ARTIFACTS LOCATED WITHIN THE HIGHLAND HOUSE MUSEUM TRURO MASS 02666

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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 $91,001

Program Service Revenue $23,151

Investment Income $8,362

Other Revenue $17,242

TOTAL REVENUE $139,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,638

Fundraising Expenses $3,610

Program Expenses $138,147

Other Expenses $94,477

TOTAL EXPENSES $144,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,756	$145,591	0.0%
Expenses	$144,115	$134,208	+0.1%
Net Income	$-4,359	$11,383	-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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN KURTZMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD LARKIN	VICE PRESIDENT	1.00	Director	$0	$0	$0
BARBARA WOHLGEMUTH	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES SUMMERS	CLERK	1.00	Officer Director	$0	$0	$0
JAN WORTHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
HELEN MCNEIL-ASHTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAUREN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN ENGLISH	DIRECTOR	1.00	Director	$0	$0	$0
TIM RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
JENNA HOWE	DIRECTOR	1.00	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
2024	$139,756	$144,115	$1,382,104	$-4,359
2023	$145,591	$134,208	$1,388,988	$11,383
2022	$108,901	$127,575	$1,374,590	$-18,674
2021	$398,451	$121,065	$1,392,104	$277,386
2020	$185,535	$105,705	$1,131,826	$79,830
2019	$538,850	$116,150	$1,035,555	$422,700
2018	$403,414	$102,756	$613,396	$300,658