OLD SLATER MILL ASSOCIATION (EIN 050265956) - 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

1921

Legal Domicile

Principal Officer

LORI URSO

Phone

4017499200

Tax Period

2023-01-01 to 2023-12-31

OLD SLATER MILL ASSOCIATION, founded in 1921, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $54K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $74K exceeded revenue, resulting in a 38% operating deficit.

Mission

OSMA OPERATES THE SLATER INDUSTRIAL ARCHIVES TO PRESERVE AND PROVIDE ACCESS TO ITS SPECIAL COLLECTIONS FOR THE BENEFIT OF ALL PEOPLE, AND TO INFORM THE INTERPRETATION OF THE OLD SLATER MILL NATIONAL HISTORIC LANDMARK AND THE HISTORY OF THE AMERICAN TEXTILE INDUSTRY.

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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 $43,802

Program Service Revenue $250

Investment Income $9,473

Other Revenue $124

TOTAL REVENUE $53,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,935

Fundraising Expenses $3,460

Program Expenses $51,733

Other Expenses $39,974

TOTAL EXPENSES $73,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,649	$137,889	-0.6%
Expenses	$73,909	$111,536	-0.3%
Net Income	$-20,260	$26,353	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA DEWING	DIRECTOR	0.50	Director	$0	$0	$0
GAIL SOLOMON	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE TILLINGHAST	DIRECTOR	0.50	Director	$0	$0	$0
JERAULD ADAMS	TREASURER	1.00	Officer	$0	$0	$0
JERAULD ADAMS	VICE PRESIDE	1.00	Officer	$0	$0	$0
ANDREW JENCKS	PRESIDENT	2.00	Officer	$0	$0	$0
AVERY SEAMAN JR	SECRETARY	1.00	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	$53,649	$73,909	$604,363	$-20,260
2022	$137,889	$111,536	$1,115,350	$26,353
2021	$212,981	$109,078	$1,276,870	$103,903
2020	$183,875	$256,881	$2,692,351	$-73,006
2020	$174,900	$250,537	$2,700,074	$-75,637
2019	$342,786	$523,025	$2,788,027	$-180,239
2019	$332,383	$518,864	$2,803,750	$-186,481
2018	$443,913	$505,508	$2,836,116	$-61,595

OLD SLATER MILL ASSOCIATION