HISTORIC SALEM INC (EIN 046191407) - 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

1944

Legal Domicile

Principal Officer

RICHARD LINDEMAN

Phone

9787450799

Tax Period

2024-04-01 to 2025-03-31

HISTORIC SALEM INC, founded in 1944, is a small nonprofit that reported $191K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $74K, a strong 39% operating margin.

Mission

HISTORIC SALEM'S MISSION IS TO ENSURE THAT THE HISTORIC RESOURCES OF SALEM, MA WHICH ARE THE KEY TO ITS IDENTITY, ITS QUALITY OF LIFE AND ITS ECONOMIC VITALITY, ARE PRESERVED FOR FUTURE GENERATIONS AND THAT NEW DEVELOPMENT COMPLEMENTS THE HISTORIC CHARACTER OF THE CITY. HISTORIC SALEM ACCOMPLISHES ITS MISSION THROUGH PRESERVATION, EDUCATION, ADVOCACY AND PARTNERSHIP.

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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 $59,569

Program Service Revenue $8,586

Investment Income $9,651

Other Revenue $113,010

TOTAL REVENUE $190,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,196

Fundraising Expenses $0

Program Expenses $57,853

Other Expenses $90,641

TOTAL EXPENSES $116,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,816	$166,380	+0.1%
Expenses	$116,837	$122,773	0.0%
Net Income	$73,979	$43,607	+0.7%

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

200

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

$26,196

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY RAMSAY WILBERT	DIRECTOR	2.00	Director	$26,196	$0	$26,196
ADRIENNE ALLARD	DIRECTOR	2.00	Officer Director	$0	$0	$0
CONNIE BARLOW	DIRECTOR	2.50	Director	$0	$0	$0
LORI BOUDO	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN BREWSTER	DIRECTOR	4.00	Director	$0	$0	$0
MARIA BUCKLEY	DIRECTOR	2.50	Director	$0	$0	$0
JOHN CASEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID COVIELLO	DIRECTOR	0.50	Director	$0	$0	$0
GAVIN GARDNER	NATIONAL PAR	2.00	Director	$0	$0	$0
CHERI GRISHIN	EDUC PROGRAM	1.00	Officer Director	$0	$0	$0
TIM HAMM	DIRECTOR	1.50	Officer Director	$0	$0	$0
JONATHAN LAVASH	DIRECTOR	1.50	Officer Director	$0	$0	$0
JULIA LIPPMAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
MILO MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN MURRAY	DIRECTOR	0.50	Director	$0	$0	$0
IAN POPKEN	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN KEEFE TERNES	DIRECTOR	0.50	Officer Director	$0	$0	$0
MARY PAX LENNEY	TREASURER	8.00	Officer	$0	$0	$0
RICHARD LINDEMAN	PRESIDENT	12.00	Officer	$0	$0	$0
TIMOTHY OBERT	VICE PRESIDE	4.00	Officer	$0	$0	$0
PAUL WRIGHT	VICE PRESIDE	2.00	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	$190,816	$116,837	$921,418	$73,979
2024	$166,380	$122,773	$845,093	$43,607
2023	$132,464	$81,176	$777,983	$51,288
2022	$216,976	$78,797	$736,377	$138,179
2021	$105,751	$85,099	$600,628	$20,652
2020	$134,551	$144,124	$555,587	$-9,573
2019	$110,652	$109,025	$574,540	$1,627

HISTORIC SALEM INC