NEW ENGLAND CAROUSEL MUSEUM 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

1990

Legal Domicile

Principal Officer

VICTORIA BIONDI MD

Phone

8605855411

Tax Period

2024-07-01 to 2025-06-30

NEW ENGLAND CAROUSEL MUSEUM INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $507K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ACQUISITION, RESTORATION AND PRESERVATION OF CAROUSEL ARTIFACTS.

Program Service Accomplishments

Program 1

Expenses: $261,143 Revenue: $88,790

THE ORGANIZATION OPERATES A MUSEUM FOR DISPLAYING CAROUSEL MEMORABILIA, PROVIDING TOURS AND EDUCATING THE GENERAL PUBLIC. THE MUSEUM ALSO PROVIDES CAROUSEL HORSE RESTORATION SERVICES. IN ADDITION...

THE ORGANIZATION OPERATES A MUSEUM FOR DISPLAYING CAROUSEL MEMORABILIA, PROVIDING TOURS AND EDUCATING THE GENERAL PUBLIC. THE MUSEUM ALSO PROVIDES CAROUSEL HORSE RESTORATION SERVICES. IN ADDITION, THE ORGANIZATION MAINTAINS AN OPERATING CAROUSEL FOR THE PLEASURE OF THE GENERAL PUBLIC.

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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 $346,551

Program Service Revenue $88,791

Investment Income $71

Other Revenue $71,704

TOTAL REVENUE $507,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,110

Fundraising Expenses $49,480

Program Expenses $261,143

Other Expenses $264,847

TOTAL EXPENSES $498,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$507,117	$462,629	+0.1%
Expenses	$498,957	$506,692	0.0%
Net Income	$8,160	$-44,063	-1.2%

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

Volunteers

N/A

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

$44,281

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Morgan Urgo	Executive Dir.	40.00	Officer	$44,281	$0	$44,281
Zak Jalowiecki	Secretary	1.00	Officer Director	$0	$0	$0
Richard Hart	Director	1.00	Director	$0	$0	$0
Kara Sardilli	Director	1.00	Director	$0	$0	$0
Jennifer O'Connor	President	1.00	Officer Director	$0	$0	$0
Chris DeMatteo	Director	1.00	Director	$0	$0	$0
Arthur Bud Funk	Director	1.00	Director	$0	$0	$0
VICTORIA BIONDI MD	Treasurer	1.00	Officer Director	$0	$0	$0
DARCY FITZSIMONS	Director	1.00	Director	$0	$0	$0
CATE MAHONEY	President Elect	1.00	Director	$0	$0	$0
BRIAN ONOFRIO	Director	1.00	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
2025	$507,117	$498,957	$898,792	$8,160
2024	$462,629	$506,692	$813,387	$-44,063
2023	$434,548	$496,568	$846,719	$-62,020
2022	$427,788	$474,679	$902,962	$-46,891
2021	$527,242	$273,985	$1,003,854	$253,257
2020	$510,575	$504,933	$718,783	$5,642
2019	$585,803	$570,444	$713,051	$15,359
2018	$490,310	$603,515	$762,397	$-113,205