NORTH HERO HISTORICAL SOCIETY INC

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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

1997

Legal Domicile

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 AND COMMUNITY DINNERS HAS BEEN DONATED TO THE TOWN OF NORTH HERO AS OF 03/20/23.

Program Service Accomplishments

Program 1

Expenses: $36,325

THE ORGANIZATION OPERATES A HISTORICAL MUSEUM IN THE TOWN OF NORTH HERO WHICH BENEFITS THE 600 RESIDENTS OF NORTH HERO AS WELL AS OVER 3000 SUMMER VISITORS. THE ORGANIZATION ALSO RENOVATED THE...

THE ORGANIZATION OPERATES A HISTORICAL MUSEUM IN THE TOWN OF NORTH HERO WHICH BENEFITS THE 600 RESIDENTS OF NORTH HERO AS WELL AS OVER 3000 SUMMER VISITORS. THE ORGANIZATION ALSO RENOVATED THE COMMUNITY HALL FOR USE AS AN INDOOR VENUE FOR ARTISTIC EVENTS, COMMUNITY DINNERS AND LOCAL CULTURAL AND POLITICAL EVENTS. DURING THIS YEAR THE COMMUNITY HALL WAS DONATED TO THE TOWN OF NORTH HERO.

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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 (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

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
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