NEW MILFORD 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

1915

Legal Domicile

Principal Officer

PAT HEMBROOK

Phone

8603543069

Tax Period

2023-10-01 to 2024-09-30

NEW MILFORD HISTORICAL SOCIETY INC, founded in 1915, is a micro nonprofit that reported $83K in total revenue in fiscal year 2023. Expenses of $72K left a modest 13% surplus.

Mission

EXHIBITIONS AND EDUCATION OF NEW MILFORD HISTORY

Program Service Accomplishments

Program 1

Expenses: $50,782

MAINTAINING MUSEUM AND ACCESS TO THE GENERAL PUBLIC, ENCOURAGE APPRECIATION AND EDUCATION FOR NEW MILFORD ART, HISTORY, AND OTHER RELATED AREAS.

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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 $27,381

Program Service Revenue $0

Investment Income $37,891

Other Revenue $17,357

TOTAL REVENUE $82,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,823

Fundraising Expenses $0

Program Expenses $50,782

Other Expenses $63,700

TOTAL EXPENSES $71,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,629	$77,860	+0.1%
Expenses	$71,523	$71,303	+0.0%
Net Income	$11,106	$6,557	+0.7%

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
KATHLEEN KELLY	President	0.00	Director	$0	$0	$0
GREG REAGAN	Vice President	1.00	Director	$0	$0	$0
JUSTIN KRUL	Trustee	1.00	Director	$0	$0	$0
NORM CUMMINGS	Trustee	1.00	Director	$0	$0	$0
JOANNE CHAPIN	Trustee	0.00	Director	$0	$0	$0
DAVID COHEN	Trustee	0.00	Director	$0	$0	$0
KENT FLETCHER	Trustee	0.00	Director	$0	$0	$0
GREG VAN ANTWERP	Trustee	0.00	Director	$0	$0	$0
JOE CATS	President	5.00	Officer	$0	$0	$0
ANITA REGAN	Secretary	2.00	Officer	$0	$0	$0
LORETTA KRETCHKO	Vice President	1.00	Officer	$0	$0	$0
PATRICIA HEMBROOK	Treasurer	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	$82,629	$71,523	$1,712,998	$11,106
2023	$77,860	$71,303	$1,562,458	$6,557
2022	$71,761	$98,190	$1,453,311	$-26,429
2021	$86,437	$103,901	$1,575,491	$-17,464
2019	$61,300	$92,031	$1,469,737	$-30,731
2018	$95,683	$134,732	$1,575,407	$-39,049