NORTH HERO HISTORICAL SOCIETY INC

EIN: 050468580 501(c)(3) Arts, Culture & Humanities

NORTH HERO, VT

Total Revenue
$22,242
Total Expenses
$885,406
Total Assets
$308,285
Net Assets
$308,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
VT
Principal Officer
TRACY GIROUX
Phone
8023724859
Tax Period
2022-07-01 to 2023-06-30

NORTH HERO HISTORICAL SOCIETY INC, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $22K in total revenue in fiscal year 2022. Expenses of $885K exceeded revenue, resulting in a 3881% operating deficit.

Mission

TO STIMULATE APPRECIATION OF THE HISTORICAL HERITAGE OF THE TOWN OF NORTH HERO, VT. THE SOCIETY OPERATES A HISTORICAL MUSEUM. THE COMMUNITY HALL USED FOR CULTURAL/ POLITICAL EVENTS HAS BEEN DONATED TO THE TOWN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,895
Program Service Revenue $0
Investment Income $6
Other Revenue $5,341
TOTAL REVENUE $22,242

Expense Breakdown

Grants Paid $847,034
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,325
Other Expenses $38,372
TOTAL EXPENSES $885,406

Year-over-Year Comparison

2022 2021 Change
Revenue $22,242 $22,239 +0.0%
Expenses $885,406 $51,824 +16.1%
Net Income $-863,164 $-29,585 +28.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EILEEN MITCHELL CO-PRESIDENT 010.00
Officer Director
$0 $0 $0
TRACY GIROUX CO-PRESIDENT 010.00
Officer Director
$0 $0 $0
MARIE GIROUX TREASURER 001.00
Officer Director
$0 $0 $0
CHERYL DATTILIO SECRETARY 001.00
Officer Director
$0 $0 $0
ROBERT GREENOUGH TRUSTEE 010.00
Director
$0 $0 $0
WALTER BLASBERG TRUSTEE 001.00
Director
$0 $0 $0
DIANE BEAL TRUSTEE 001.00
Director
$0 $0 $0
MARY JO MCCARTHY TRUSTEE 001.00
Director
$0 $0 $0
PIERRE LAFLEUR TRUSTEE 001.00
Director
$0 $0 $0
JAMES KILBRIDE TRUSTEE 001.00
Director
$0 $0 $0
MARY JANE HEALY HISTORIAN 001.00
Officer Director
$0 $0 $0
PAUL HABERSANG TRUSTEE 001.00
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
2023 $22,242 $885,406 $308,285 $-863,164
2022 $22,239 $51,824 $1,171,449 $-29,585
2021 $29,691 $71,525 $1,201,034 $-41,834
2020 $44,264 $54,311 $1,245,556 $-10,047
2019 $41,567 $53,031 $1,259,065 $-11,464
2018 $52,883 $58,221 $1,273,856 $-5,338
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