BLOCK ISLAND HISTORICAL SOCIETY (EIN 056057099) - 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

1942

Legal Domicile

Principal Officer

Robert Champagne-Willis

Phone

4014662481

Tax Period

2024-01-01 to 2024-12-31

BLOCK ISLAND HISTORICAL SOCIETY, founded in 1942, is a small nonprofit in the Arts, Culture & Humanities sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $193K left a modest 11% surplus.

Mission

TO PROCURE AND PRESERVE OBJECTS AND RECORDS PERTAINING TO THE HISTORY OF BLOCK ISLAND, RHODE ISLAND, AND TO ENCOURAGE AND PROMOTE THE STUDY OF THE HISTORY OF BLOCK ISLAND

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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 $97,643

Program Service Revenue $22,016

Investment Income $78,889

Other Revenue $18,216

TOTAL REVENUE $216,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,443

Fundraising Expenses $0

Program Expenses $176,979

Other Expenses $98,509

TOTAL EXPENSES $192,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,764	$160,719	+0.3%
Expenses	$192,952	$212,407	-0.1%
Net Income	$23,812	$-51,688	-1.5%

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

Governance

Voting Members

Independent Members

Employees

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
ROBERT CHAMPAGNE-WILLIS	PRESIDENT	20	Officer Director	$0	$0	$0
MARTHA BALL	VICE-PRESIDENT	5	Officer Director	$0	$0	$0
SHARON LEHMAN	SECRETARY	1	Officer Director	$0	$0	$0
SHIRLYNE GOBERN	TREASURER	10	Officer Director	$0	$0	$0
MARY ANDERSON	DIRECTOR	10	Director	$0	$0	$0
SUSAN HAGEDORN	DIRECTOR	10	Director	$0	$0	$0
GERALD ABBOTT	DIRECTOR	5	Director	$0	$0	$0
PAIGE GAFFETT	DIRECTOR	1	Director	$0	$0	$0
KRISTINE MONJE	DIRECTOR	1	Director	$0	$0	$0
JOHN MOTT	DIRECTOR	1	Director	$0	$0	$0
ALLISON DODGE	DIRECTOR	1	Director	$0	$0	$0
WENDY MILLS	DIRECTOR	1	Director	$0	$0	$0
JOSEPH BUDA	DIRECTOR	1	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
2024	$216,764	$192,952	$1,674,758	$23,812
2023	$160,719	$212,407	$1,650,947	$-51,688
2022	$189,661	$177,320	$1,702,635	$12,341
2021	$262,648	$178,505	$1,690,294	$84,143
2020	$136,395	$116,525	$1,546,351	$19,870

BLOCK ISLAND HISTORICAL SOCIETY