Captain Forbes House Museum

EIN: 046516086 501(c)(3)

Milton, MA

Total Revenue
$990,832
Total Expenses
$525,063
Total Assets
$3,979,961
Net Assets
$3,165,593
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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
1984
Legal Domicile
MA
Principal Officer
Marjorie Asfour-Kirkham
Phone
6176961815
Tax Period
2024-07-01 to 2025-06-30

Captain Forbes House Museum, founded in 1984, is a small nonprofit that reported $991K in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $466K, a strong 47% operating margin.

Mission

Inspired by the Forbes family legacy of entrepreneurship, social action and philanthropy,the Forbes House Museum fosters discourse around civic engagement and cultural awareness.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $807,456
Program Service Revenue $8,293
Investment Income $65,536
Other Revenue $109,547
TOTAL REVENUE $990,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,518
Fundraising Expenses $115,433
Program Expenses $126,287
Other Expenses $322,453
TOTAL EXPENSES $525,063

Year-over-Year Comparison

2024 2023 Change
Revenue $990,832 $312,269 +2.2%
Expenses $525,063 $444,295 +0.2%
Net Income $465,769 $-132,026 -4.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
4
Volunteers
N/A

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
0
$0
Total Directors
15
$68,254
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heidi Vaughan Executive Dir. 40.00
Director
$68,254 $0 $68,254
Gillian A Najarian Board Chair 5.00
Director
$0 $0 $0
Patricia F Bulman Board Member 1.00
Director
$0 $0 $0
Hyacinth Crichlow Board Member 1.00
Director
$0 $0 $0
Jeff Chatlos Board Member 1.00
Director
$0 $0 $0
Joanna Damp Board Member 1.00
Director
$0 $0 $0
Denise Gilardone Board Vice Chai 5.00
Director
$0 $0 $0
Sharon Hackett Clerk 5.00
Director
$0 $0 $0
Scott Weiler Board Vice Chai 5.00
Director
$0 $0 $0
Robert P Forbes Board Member 1.00
Director
$0 $0 $0
David Forbes Board Member 1.00
Director
$0 $0 $0
Susan Greendyke Lachevre Board Member 1.00
Director
$0 $0 $0
York Lo Board Member 1.00
Director
$0 $0 $0
James Roth Board Member 1.00
Director
$0 $0 $0
Marjorie Asfour-Kirkham Treasurer 5.00
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 $990,832 $525,063 $3,979,961 $465,769
2024 $312,269 $444,295 $2,778,331 $-132,026
2023 $284,460 $467,567 $2,513,104 $-183,107
2022 $408,004 $517,611 $2,557,337 $-109,607
2021 $223,082 $406,784 $2,908,295 $-183,702
2020 $152,577 $323,255 $2,673,266 $-170,678
2019 $222,892 $309,423 $2,884,941 $-86,531
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