NORFOLK HISTORICAL SOCIETY INC (EIN 066054516) - 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

1960

Legal Domicile

Principal Officer

ROBERT DANCE

Phone

8605425761

Tax Period

2024-01-01 to 2024-12-31

NORFOLK HISTORICAL SOCIETY INC, founded in 1960, is a small nonprofit that reported $197K in total revenue in fiscal year 2024. Revenue surged 241% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132K, a strong 67% operating margin.

Mission

PROMOTE AND ENCOURAGE HISTORICAL AND GENEALOGICAL RESEARCH; TO PROCURE, PRESERVE AND PUBLISH RECORDS PERTAINING TO THE TOWN OF NORFOLK, 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 $51,701

Program Service Revenue $0

Investment Income $126,174

Other Revenue $18,639

TOTAL REVENUE $196,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,870

Fundraising Expenses $0

Program Expenses $43,868

Other Expenses $35,711

TOTAL EXPENSES $64,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,514	$57,568	+2.4%
Expenses	$64,581	$60,992	+0.1%
Net Income	$131,933	$-3,424	-39.5%

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

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY WEBBER	Executive Dir.	15.00	Director	$24,000	$0	$24,000
ROBERT DANCE	President	0.00	Officer	$0	$0	$0
ERIC ANDERSON	Vice President	0.00	Officer	$0	$0	$0
RICHARD BYRNE	Vice President	0.00	Officer	$0	$0	$0
LINDA PERKINS	Secretary	0.00	Officer	$0	$0	$0
CARYN TRAGER	Treasurer	0.00	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	$196,514	$64,581	$427,597	$131,933

NORFOLK HISTORICAL SOCIETY INC