FRAMINGHAM HISTORY CENTER INC

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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

1892

Legal Domicile

Principal Officer

ANNA TUCKER

Phone

5086269091

Tax Period

2023-01-01 to 2023-12-31

FRAMINGHAM HISTORY CENTER INC, founded in 1892, is a small nonprofit that reported $298K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Net assets of $1.1M represent 44 months of operating reserves.

Mission

COLLECTIONS OF THE TOWN'S HISTORICAL DEVELOPMENT ARE SHARED WITH THE COMMUNITY BY EXHIBITS, PRESENTATIONS, AND OTHER ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $222,785 Revenue: $43,237

THE CENTER'S COLLECTIONS OF THE TOWN'S HISTORIC DEVELOPMENT ARE SHARED WITH THE COMMUNITY THROUGH EXHIBITS,PRESENTATIONS AND OTHER ACTIVITIES.

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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 $186,916

Program Service Revenue $11,589

Investment Income $47,828

Other Revenue $52,067

TOTAL REVENUE $298,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,088

Fundraising Expenses $34,481

Program Expenses $222,785

Other Expenses $91,368

TOTAL EXPENSES $300,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,400	$360,818	-0.2%
Expenses	$300,456	$387,223	-0.2%
Net Income	$-2,056	$-26,405	-0.9%

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

$73,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAITLIN MCKENZIE	DIRECTOR	2.00	Director	$0	$0	$0
ALISON COURCHESNE	VP	2.00	Director	$0	$0	$0
MAURICIO PEREA	DIRECTOR	2.00	Director	$0	$0	$0
YEMI AJAO	DIRECTOR	2.00	Director	$0	$0	$0
PATTI SARGENT MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
JACOB TOSTI	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE WHITE HARVEY	DIRECTOR	2.00	Director	$0	$0	$0
DOUG LAWRENCE	DIRECTOR	2.00	Director	$0	$0	$0
MARINA ANDREAZI	DIRECTOR	2.00	Director	$0	$0	$0
DR NANCY NIEMI	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON PORTILLO	DIRECTOR	2.00	Director	$0	$0	$0
MARY KIELY	TREASURER	4.00	Officer	$0	$0	$0
ANNA TUCKER	EXEC DIRECTOR	40.00	Officer	$73,937	$0	$73,937
SUSAN NICHOLL	CLERK	2.00	Officer	$0	$0	$0
CHRISTINE TIBOR	PRESIDENT	4.00	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
2024	No data	No data	No data	No data
2023	$298,400	$300,456	$1,133,281	$-2,056
2022	$360,818	$387,223	$1,088,445	$-26,405
2021	$379,036	$368,676	$1,226,813	$10,360
2020	$300,368	$320,095	$1,178,594	$-19,727
2019	$306,972	$285,313	$1,156,504	$21,659
2018	$325,302	$255,738	$1,093,574	$69,564