TORRINGTON HISTORICAL SOCIETY (EIN 060725798) - 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

1944

Legal Domicile

Principal Officer

Mark McEachern

Phone

8604828260

Tax Period

2024-01-01 to 2024-12-31

TORRINGTON HISTORICAL SOCIETY, founded in 1944, is a small nonprofit in the Arts, Culture & Humanities sector that reported $718K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $292K, a strong 41% operating margin.

Mission

The purpose of the Torrington Historical Society is to discover, procure and preserve whatever may relate to civil, military, literary and ecclesiastical history and biography in general, and especially with reference to the Town of Torrington, Connecticut.

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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 $568,848

Program Service Revenue $4,770

Investment Income $126,634

Other Revenue $18,001

TOTAL REVENUE $718,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,096

Fundraising Expenses $11,892

Program Expenses $280,871

Other Expenses $162,254

TOTAL EXPENSES $426,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,253	$506,083	+0.4%
Expenses	$426,350	$453,636	-0.1%
Net Income	$291,903	$52,447	+4.6%

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

$47,127

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark McEachern	Executive Dir.	30.00	Officer	$45,754	$1,373	$47,127
Susan Cook	Director	1.00	Director	$0	$0	$0
Stephen Ivain	Director	1.00	Director	$0	$0	$0
James Thibault	Vice President	2.00	Officer Director	$0	$0	$0
Stacey Mileti	Director	1.00	Director	$0	$0	$0
Dwight Keeney	Treasurer	2.00	Officer Director	$0	$0	$0
Greg Mele	Director	1.00	Director	$0	$0	$0
Charles Roraback	Director	1.00	Director	$0	$0	$0
Robin Magistrali	Director	1.00	Director	$0	$0	$0
Steven Temkin	Director	1.00	Director	$0	$0	$0
Deirdre DiCara	Secretary	2.00	Officer Director	$0	$0	$0
Marc Trivella	President	2.00	Officer 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	$718,253	$426,350	$6,350,021	$291,903
2023	$506,083	$453,636	$5,710,657	$52,447
2022	$513,411	$418,302	$5,563,929	$95,109
2021	$521,949	$358,249	$5,836,465	$163,700
2020	$466,314	$348,242	$4,923,752	$118,072
2019	$525,346	$327,707	$4,550,673	$197,639
2018	$517,955	$344,996	$3,928,819	$172,959

TORRINGTON HISTORICAL SOCIETY