ESSEX NATIONAL HERITAGE COMMISSION INC (EIN 043406670) - 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

1997

Legal Domicile

Principal Officer

ANGELA IPPOLITO

Phone

9787400444

Tax Period

2024-07-01 to 2025-06-30

ESSEX NATIONAL HERITAGE COMMISSION INC, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 6% surplus.

Mission

THE ORGANIZATION WORKS TO PRESERVE, INTERPRET, AND EDUCATE THE PUBLIC ABOUT THE RESOURCES OF THE ESSEX NATIONAL HERITAGE AREA BY PROVIDING GRANTS, PLANNING FOR CULTURAL AND NATURAL RESOURCE INTERPRETATION, OPERATING EDUCATIONAL PROGRAMS INCLUDING SOME THROUGH THE SALEM AND SAUGUS NATIONAL HISTORIC SITES, AND PROMOTING THE ESSEX NATIONAL HERITAGE AREA IDENTITY AND THEMES THROUGH THE DEVELOPMENT OF AN INTEGRATED MARKETING AND COMMUNICATIONS PROGRAM. IT IS ENGAGED IN PUBLIC-PRIVATE PARTNERSHIPS THAT ASSIST THE NPS, LOCAL GOVERNMENTS, NON-PROFIT ORGANIZATIONS, AND OTHERS IN CARRYING OUT THE PROGRAMS THAT RECOGNIZE THE IMPORTANCE OF RESOURCES WITHIN THE REGION.

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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 $1,252,182

Program Service Revenue $0

Investment Income $37,939

Other Revenue $191,452

TOTAL REVENUE $1,481,573

Expense Breakdown

Grants Paid $60,500

Salaries & Benefits $821,243

Fundraising Expenses $11,903

Program Expenses $1,138,960

Other Expenses $510,845

TOTAL EXPENSES $1,392,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,481,573	$1,059,431	+0.4%
Expenses	$1,392,588	$1,389,651	+0.0%
Net Income	$88,985	$-330,220	-1.3%

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

560

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

$149,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE C HARRIS	CEO	35.00	Officer	$145,068	$4,352	$149,420
JASON CONSALVO	CLERK	1.00	Officer Director	$0	$0	$0
ANDREW DARIEN	TRUSTEE	0.50	Director	$0	$0	$0
PATRICK DELULIS	TRUSTEE	0.50	Director	$0	$0	$0
TYLER DUFOUR	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH GELLER	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
STEVEN IMMERMAN	TRUSTEE	0.50	Director	$0	$0	$0
ANGELA IPPOLITO	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN LIPPMAN	TRUSTEE	0.50	Director	$0	$0	$0
CAROLE MCCAULEY	TRUSTEE	0.50	Officer Director	$0	$0	$0
DAVID READ	PAST PRESIDE	0.50	Officer Director	$0	$0	$0
MICHAEL SELBST	TRUSTEE	0.50	Director	$0	$0	$0
LAURA SWANSON	TRUSTEE	0.50	Director	$0	$0	$0
JOHN THOMPSON	TRUSTEE	0.50	Director	$0	$0	$0
DONEECA THURSTON-CHAVEZ	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH TURINO	TRUSTEE	0.50	Director	$0	$0	$0
FRANCISCO URENA	TRUSTEE	0.50	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
2025	$1,481,573	$1,392,588	$2,221,875	$88,985
2024	$1,059,431	$1,389,651	$2,124,356	$-330,220
2023	$1,262,695	$1,278,475	$2,486,406	$-15,780
2022	$513,385	$1,193,978	$2,442,397	$-680,593
2021	$1,245,050	$1,154,827	$3,117,727	$90,223
2020	$1,668,221	$1,213,674	$3,166,484	$454,547
2019	$1,303,687	$1,312,972	$2,584,118	$-9,285

ESSEX NATIONAL HERITAGE COMMISSION INC