Cohasset Historical Society

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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

1928

Legal Domicile

Principal Officer

Glenn Pratt

Phone

7813831434

Tax Period

2023-01-01 to 2023-12-31

Cohasset Historical Society, founded in 1928, is a small nonprofit in the Arts, Culture & Humanities sector that reported $189K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $209K exceeded revenue, resulting in a 11% operating deficit.

Mission

To preserve information, documents, relics and landmarks relating primarily to the history of the town of Cohasset, Massachusetts

Program Service Accomplishments

Program 1

Expenses: $41,644

Preservation of town history and archives of the town of Cohasset, Massachusetts

Program 2

Expenses: $71,389

Dissemination of information on the town of Cohasset, Massachusetts

Program 3

Expenses: $5,949

Active participation in schools, scouting and similar civic and historical organizations of the town of Cohasset, 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 (2023)

Revenue Breakdown

Contributions & Grants $137,584

Program Service Revenue $0

Investment Income $74

Other Revenue $50,935

TOTAL REVENUE $188,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,745

Fundraising Expenses $0

Program Expenses $118,982

Other Expenses $122,707

TOTAL EXPENSES $209,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,593	$159,872	+0.2%
Expenses	$209,452	$185,294	+0.1%
Net Income	$-20,859	$-25,422	-0.2%

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 Canney	Director	1.00	Director	$0	$0	$0
Robert D Hillman	Director	1.00	Director	$0	$0	$0
Deborah Jenks	Director	1.00	Director	$0	$0	$0
Tucker Meehan	Director	1.00	Director	$0	$0	$0
Paula Morse	Director	1.00	Director	$0	$0	$0
Linda Pratt	Director	1.00	Director	$0	$0	$0
Michael Putzinger	Director	1.00	Director	$0	$0	$0
Mary Samouelian	Director	1.00	Director	$0	$0	$0
Wayne Sawchuck	Director	1.00	Director	$0	$0	$0
Judy Sestito	Director	1.00	Director	$0	$0	$0
Lydia StOnge	Director	1.00	Director	$0	$0	$0
William Vanderweil	Director	1.00	Director	$0	$0	$0
Ernest J Grassey	Director emeritas	1.00	Director	$0	$0	$0
Glenn A Pratt	President	25.00	Officer	$0	$0	$0
Susan H Putzinger	1st VP	5.00	Officer	$0	$0	$0
Marie Schlag	2nd VP	5.00	Officer	$0	$0	$0
Shelane Durkin	Treasurer	10.00	Officer	$0	$0	$0
Lorraine Tarpey	Rec Secretary	5.00	Officer	$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	No data	No data	No data	No data
2023	$188,593	$209,452	$1,132,982	$-20,859
2022	$159,872	$185,294	$1,126,939	$-25,422
2021	$181,219	$163,580	$1,148,402	$17,639
2019	$114,835	$118,972	$1,118,086	$-4,137
2018	$239,821	$127,122	$1,086,371	$112,699