Tolland Historical Society Inc (EIN 060852847) - 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

1966

Legal Domicile

Principal Officer

Kathleen Bach

Tax Period

2024-06-01 to 2025-05-31

Tolland Historical Society Inc, founded in 1966, is a micro nonprofit that reported $24K in total revenue in fiscal year 2024. Revenue surged 241% from the prior year, signaling strong growth momentum. Expenses of $34K exceeded revenue, resulting in a 43% operating deficit.

Mission

Preservation of Historical Buildings Local History Educational Programs Archival re Town History

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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 $8,327

Program Service Revenue $95

Investment Income $4,479

Other Revenue $11,045

TOTAL REVENUE $23,946

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,626

Other Expenses $33,356

TOTAL EXPENSES $34,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,946	$7,024	+2.4%
Expenses	$34,356	$41,149	-0.2%
Net Income	$-10,410	$-34,125	-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

N/A

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	Role	Reportable Comp	Other Comp	Total
KATHLEEN BACH	President Director	Officer Director	$0	$0	$0
CELESTE SENECHAL	Vice President	Officer Director	$0	$0	$0
KATE FARRISH	Secretary	Officer Director	$0	$0	$0
KATHY E FRATONI	Treasurer	Officer Director	$0	$0	$0
ALFRED E FRATONI JR	Dep Treasurer	Officer Director	$0	$0	$0
NI-NI REINARD	Board Member	Director	$0	$0	$0
GAIL W USHER	Board Member	Director	$0	$0	$0
MARY-PAT SOUCY	Board Member	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
2025	$23,946	$34,356	$849,517	$-10,410
2024	$7,024	$41,149	$798,386	$-34,125
2023	$33,874	$37,085	$819,627	$-3,211
2022	$-85,700	$25,762	$825,333	$-111,462
2021	$26,702	$35,281	$930,046	$-8,579
2020	$48,999	$27,423	$899,909	$21,576

Tolland Historical Society Inc