NORTHBOROUGH HISTORICAL SOCIETY INC (EIN 046156604) - 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

1906

Legal Domicile

Principal Officer

Michael Duchesneau

Phone

5083932082

Tax Period

2024-05-01 to 2025-04-30

NORTHBOROUGH HISTORICAL SOCIETY INC, founded in 1906, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. Net assets of $273K represent 71 months of operating reserves.

Mission

We collect and preserve history and the genealogy of Northborough families and make them available to the general public through the expertise of our Historian and Curator.We make available to our members and other, historical and cultural information through our Newsletter programs, website, publications and social media.

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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 $37,331

Program Service Revenue $0

Investment Income $3,910

Other Revenue $4,570

TOTAL REVENUE $45,811

Expense Breakdown

Grants Paid $200

Salaries & Benefits $947

Fundraising Expenses $0

Program Expenses $47,663

Other Expenses $46,516

TOTAL EXPENSES $47,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,811	$22,766	+1.0%
Expenses	$47,663	$20,297	+1.3%
Net Income	$-1,852	$2,469	-1.8%

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

N/A

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
Paul Derosier	Director	2	Director	$0	$0	$0
Ken Bennett	Director	2	Director	$0	$0	$0
Robert Van Buren	Director	2	Director	$0	$0	$0
Zenya Molnar	Director	2	Director	$0	$0	$0
Alex Molnar	Director	2	Director	$0	$0	$0
Jane Fletcher	Museum Trustee	2	Director	$0	$0	$0
Kathy Pierce	Museum Trustee	2	Director	$0	$0	$0
Janice Ferenchick	Vice-President	2	Officer	$0	$0	$0
Michael Duchesneau	President	4	Officer	$0	$0	$0
Hilary Wilson	Secretary	2	Officer	$0	$0	$0
Jean Langley	Menbership Secretary	2	Officer	$0	$0	$0
Chuck Liljestrand	Chairperson, Property Committee	4	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	$45,811	$47,663	$272,544	$-1,852
2024	$22,766	$20,297	$274,396	$2,469
2023	$84,411	$78,373	$271,927	$6,038

NORTHBOROUGH HISTORICAL SOCIETY INC