NORWALK HISTORICAL SOCIETY INC (EIN 061302694) - 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

1899

Legal Domicile

Principal Officer

THOMAS SCHIERLOH

Phone

2038460525

Tax Period

2024-01-01 to 2024-12-31

NORWALK HISTORICAL SOCIETY INC, founded in 1899, is a small nonprofit in the Arts, Culture & Humanities sector that reported $156K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO MAINTAIN THE RESEARCH, PRESERVATION AND PROMOTION OF NORWALK 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 $134,184

Program Service Revenue $6,707

Investment Income $15,174

Other Revenue $3

TOTAL REVENUE $156,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,103

Fundraising Expenses $0

Program Expenses $17,750

Other Expenses $53,972

TOTAL EXPENSES $182,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,068	$595,890	-0.7%
Expenses	$182,075	$167,994	+0.1%
Net Income	$-26,007	$427,896	-1.1%

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

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE BROOME	PRESIDENT	10.00	Director	$0	$0	$0
ERIC CHANDLER	VICE PRESIDENT	10.00	Director	$0	$0	$0
THOMAS SCHIERLOH	TREASURER	10.00	Director	$0	$0	$0
DAVID WESTMORELAND	SECRETARY	10.00	Director	$0	$0	$0
DIANE JELLERETTE	EXECUTIVE DIR.	40.00	Director	$48,000	$0	$48,000
JO-ANNE SCHULTZ	MEMBER	10.00	Director	$0	$0	$0
EVELYN AMAN	MEMBER	10.00	Director	$0	$0	$0
CATHERINE CHANDLER	MEMBER	10.00	Director	$0	$0	$0
BETTE BONO	MEMBER	10.00	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
2024	$156,068	$182,075	$530,374	$-26,007
2023	$595,890	$167,994	$554,611	$427,896

NORWALK HISTORICAL SOCIETY INC