THE SALISBURY ASSOCIATION 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

1902

Legal Domicile

Principal Officer

CYNTHIA WALSH

Phone

8604350566

Tax Period

2025-01-01 to 2025-12-31

THE SALISBURY ASSOCIATION INC, founded in 1902, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 557% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 87% operating margin.

Mission

TO FURTHER THE BEST INTERESTS OF THE TOWN OF SALISBURY AND TO PROTECT AND DEVELOP ITS NATURAL ATTRACTIONS.

Program Service Accomplishments

Program 1

Expenses: $222,560

LAND TRUST CONSERVATION ACTIVITIES DEDICATED TO PRESERVING THE RURAL CHARACTER AND IMPORTANT NATURAL AREAS OF THE TOWN INCLUDING FARMLAND, PUBLIC VISTAS AND CRITICAL HABITATS. THE LAND TRUST WORKS...

LAND TRUST CONSERVATION ACTIVITIES DEDICATED TO PRESERVING THE RURAL CHARACTER AND IMPORTANT NATURAL AREAS OF THE TOWN INCLUDING FARMLAND, PUBLIC VISTAS AND CRITICAL HABITATS. THE LAND TRUST WORKS WITH INTERESTED LANDOWNERS TO ESTABLISH CONSERVATION PROTECTION OF THEIR PROPERTY.

Program 2

Expenses: $39,928

THE SALISBURY HISTORICAL SOCIETY IS WORKING TO RECORD, PRESERVE AND PRESENT SALISBURY'S HISTORICAL HERITAGE THROUGH ART AND HISTORY EXHIBITS, LECTURES, ACRHIVAL MATERIALS, PUBLICATIONS AND SCHOOL...

THE SALISBURY HISTORICAL SOCIETY IS WORKING TO RECORD, PRESERVE AND PRESENT SALISBURY'S HISTORICAL HERITAGE THROUGH ART AND HISTORY EXHIBITS, LECTURES, ACRHIVAL MATERIALS, PUBLICATIONS AND SCHOOL PROGRAMS.

Program 3

Expenses: $65,880

THE COMMUNITY EVENTS COMMITTEE WORKS TO ORGANIZE COMMUNITY PUBLIC CELEBRATIONS AND EVENTS SPONSORED IN ORDER TO FOSTER COMMUNITY SPIRIT AND TOWN BEAUTIFICATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,764,194

Program Service Revenue $1,238

Investment Income $513,847

Other Revenue $0

TOTAL REVENUE $3,279,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,169

Fundraising Expenses $5,948

Program Expenses $328,368

Other Expenses $279,346

TOTAL EXPENSES $419,515

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,279,279	$499,395	+5.6%
Expenses	$419,515	$433,956	0.0%
Net Income	$2,859,764	$65,439	+42.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LANDON	TRUSTEE	2.00	Director	$0	$0	$0
MARY TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA MILLER	TRUSTEE	1.00	Director	$0	$0	$0
DICK PADDOCK	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDRA LANGE	TREASURER	1.00	Officer Director	$0	$0	$0
LORI SHEPARD	TRUSTEE	1.00	Director	$0	$0	$0
LIBBY PANZER	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD SOBEL	TRUSTEE	1.00	Director	$0	$0	$0
JERRY STANTON	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA WALSH	PRESIDENT	3.00	Officer Director	$0	$0	$0
ABETH SLOTNICK	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEL COHEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA DECARLO	TRUSTEE	1.00	Director	$0	$0	$0
BOBBY GRAHAM	TRUSTEE	1.00	Director	$0	$0	$0
RHONAN MOKRISKI	TRUSTEE	1.00	Director	$0	$0	$0
ISABEL SLOANE	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE WALLACE	TRUSTEE	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	$3,279,279	$419,515	$18,561,526	$2,859,764
2025	$3,279,279	$419,515	$18,561,526	$2,859,764
2024	$499,395	$433,956	$15,287,624	$65,439
2023	$1,481,234	$291,458	$14,931,787	$1,189,776
2022	$1,787,066	$301,075	$13,207,085	$1,485,991
2021	$1,127,033	$254,787	$12,764,731	$872,246
2020	$2,194,509	$212,541	$11,723,785	$1,981,968
2019	$808,588	$247,640	$9,399,838	$560,948
2018	$368,344	$259,313	$8,087,031	$109,031