NEW BEDFORD HISTORICAL SOCIETY INC (EIN 043348881) - 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

1978

Principal Officer

LEE BLAKE

Phone

5089798828

Tax Period

2022-01-01 to 2022-12-31

NEW BEDFORD HISTORICAL SOCIETY INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $309K in total revenue in fiscal year 2022. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 49% operating margin.

Mission

TO DOCUMENT AND CELEBRATE THE HISTORY, LEGACY AND PRESENCE OF AFRICAN AMERICANS, CAPE VERDEANS, NATIVE AMERICANS, WEST INDIANS AND OTHER PEOPLE OF COLOR IN NEW BEDFORD, 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 (2022)

Revenue Breakdown

Contributions & Grants $302,582

Program Service Revenue $2,140

Investment Income $36

Other Revenue $4,051

TOTAL REVENUE $308,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,976

Fundraising Expenses $6,838

Program Expenses $124,777

Other Expenses $135,497

TOTAL EXPENSES $157,473

Year-over-Year Comparison

	2022	2021	Change
Revenue	$308,809	$118,910	+1.6%
Expenses	$157,473	$89,358	+0.8%
Net Income	$151,336	$29,552	+4.1%

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

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
CHARLENE CLARK-SALLEY	DIRECTOR	0.00	Director	$0	$0	$0
HANK MASTEY	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH DIAS	DIRECTOR	0.00	Director	$0	$0	$0
JEANNE COSTA	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT FRENCH	DIRECTOR	0.00	Director	$0	$0	$0
JEAN GROEBE SMITH	DIRECTOR	0.00	Director	$0	$0	$0
DIANN HAYNES	DIRECTOR	0.00	Director	$0	$0	$0
DR LAURIE ROBERTSON-LORANT	DIRECTOR	0.00	Director	$0	$0	$0
SAMIA WALKER	DIRECTOR	0.00	Director	$0	$0	$0
ROBBIE WATKINS	DIRECTOR	0.00	Director	$0	$0	$0
ALISON WELLS	DIRECTOR	0.00	Director	$0	$0	$0
LEE BLAKE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JACKIE RAMOS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RAYANA GRACE	TREASURER	2.00	Officer Director	$0	$0	$0
CARL CRUZ	CLERK	2.00	Officer 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
2022	$308,809	$157,473	$507,374	$151,336

NEW BEDFORD HISTORICAL SOCIETY INC