THACHER & STRAITSMOUTH ISLANDS ASSOCIATION (EIN 042790266) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

WILLIAM WHITING

Phone

9785462250

Tax Period

2023-01-01 to 2023-12-31

THACHER & STRAITSMOUTH ISLANDS ASSOCIATION, founded in 1983, is a small nonprofit that reported $232K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $56K, a strong 24% operating margin.

Mission

HISTORIC PRESERVATION OF THACHER ISLAND, STRAITSMOUTH ISLAND, ITS LIGHTHOUSES, BUILDINGS AND FACILITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $169,931

Program Service Revenue $0

Investment Income $30,095

Other Revenue $31,540

TOTAL REVENUE $231,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,388

Other Expenses $175,831

TOTAL EXPENSES $175,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,566	$463,229	-0.5%
Expenses	$175,831	$218,586	-0.2%
Net Income	$55,735	$244,643	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
WILLIAM WHITING	PRESIDENT	N/A	Officer	$0	$0	$0
RANDY SAVILLE	VP	N/A	Officer	$0	$0	$0
MEREDITH GLASER	TREASURER	N/A	Officer	$0	$0	$0
KRISTY RUDEL	SECRETARY	N/A	Director	$0	$0	$0
PAUL STGERMAIN	PRESIDENT EM	N/A	Director	$0	$0	$0
PETER BERGHOLTZ	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM BRAUNLICH	DIRECTOR	N/A	Director	$0	$0	$0
RICH CALNAN	DIRECTOR	N/A	Director	$0	$0	$0
NATHAN IVES	DIRECTOR	N/A	Director	$0	$0	$0
JUDY LEACH	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINE LOVGREN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD MACPHERSON	DIRECTOR	N/A	Director	$0	$0	$0
DON SOUTHARD	DIRECTOR	N/A	Director	$0	$0	$0
JEFF TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
KAREN WISE	DIRECTOR	N/A	Director	$0	$0	$0
BILL SCLAFANI	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE LANGER	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA WEGMANN	DIRECTOR	N/A	Director	$0	$0	$0
GAIL ZEMAN	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$231,566	$175,831	$971,812	$55,735
2022	$463,229	$218,586	$833,122	$244,643
2021	$406,925	$109,123	$736,140	$297,802
2020	$78,511	$78,526	$410,882	$-15
2019	$102,092	$95,375	$384,546	$6,717
2018	$125,289	$347,718	$338,802	$-222,429

THACHER & STRAITSMOUTH ISLANDS ASSOCIATION