SOMERVILLE HISTORICAL SOCIETY (EIN 046079655) - 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

1897

Legal Domicile

Principal Officer

BARBARA MANGUM

Phone

6176669810

Tax Period

2024-04-01 to 2025-03-31

SOMERVILLE HISTORICAL SOCIETY, founded in 1897, is a small nonprofit in the Arts, Culture & Humanities sector that reported $601K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $870K exceeded revenue, resulting in a 45% operating deficit.

Mission

AS THE ONLY MEMBERSHIP SUPPORTED, COMMUNITY-BASED CULTURAL INSTITUTION OF ITS KIND IN SOMERVILLE, THE SOMERVILLE MUSEUM IS THE CITY OF SOMERVILLE'S MIRROR, PLAYING A CENTRAL ROLE IN PRESERVING THE PAST, REFLECTING THE PRESENT, AND HELPING TO SHAPE THE FUTURE OF THIS DIVERSE URBAN COMMUNITY OF 81,000. THROUGH ITS INNOVATIVE PROGRAMMING, THE MUSEUM SEEKS TO ENGAGE OUR AUDIENCE IN AN ON-GOING DIALOGUE WITH LOCAL ARTISTS, SCHOLARS, AND EDUCATORS WITH THE LARGER AIM OF FOSTERING CULTURAL EDUCATION AND UNDERSTANDING.

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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 $600,751

Program Service Revenue $0

Investment Income $69

Other Revenue $0

TOTAL REVENUE $600,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,533

Fundraising Expenses $1,488

Program Expenses $851,666

Other Expenses $739,405

TOTAL EXPENSES $869,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,820	$895,815	-0.3%
Expenses	$869,938	$216,237	+3.0%
Net Income	$-269,118	$679,578	-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
BARBARA MANGUM	PRESIDENT	35.00	Officer Director	$0	$0	$0
STEPHEN MACKEY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
REGINA PISA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GILDA NOGUEIRA	TREASURER	12.00	Officer Director	$0	$0	$0
DYAN BLEWETT	ASST. TREASURER	4.00	Officer Director	$0	$0	$0
LAWRENCE WILLWERTH III	SECRETARY	4.00	Officer Director	$0	$0	$0
EVELYN BATTINELLI	ASST. SECRETARY	5.00	Officer Director	$0	$0	$0
VIJAY BATAVIA	TREASURER	1.00	Director	$0	$0	$0
DAN BREEN	TRUSTEE	1.00	Director	$0	$0	$0
EUGENE BRUNE	TRUSTEE	1.00	Director	$0	$0	$0
CHARAN DEVEREAUX	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA FRAWLEY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GUSS	TRUSTEE	1.00	Director	$0	$0	$0
DOROTHY KELLY GAY	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA MCGOLDRICK	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY MYERS	TRUSTEE	1.00	Director	$0	$0	$0
PHIL REAVIS JR	TRUSTEE	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
2025	$600,820	$869,938	$4,289,576	$-269,118
2024	$895,815	$216,237	$4,443,136	$679,578
2023	$581,596	$176,510	$3,765,038	$405,086
2022	$1,499,283	$126,657	$3,355,108	$1,372,626
2021	$632,502	$50,757	$1,982,744	$581,745
2020	$154,718	$131,098	$1,501,537	$23,620

SOMERVILLE HISTORICAL SOCIETY