Farmington Historical Society Inco… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

John Bombara President

Phone

8606781645

Tax Period

2024-06-01 to 2025-05-31

Farmington Historical Society Incorporated, founded in 1954, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 1206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 94% operating margin.

Mission

The Farmington Historical Society's primary exempt purposes are to preserve local history and to educate the public on the Town's history.

Program Service Accomplishments

Program 1

Expenses: $38,939

Maintenance of historic cottages (among the oldest buildings in Town of Farmington), schoolhouse - $32,752Storage of Phineas Lewis house components - $2,850 Total expenses $35,602

Program 2

Expenses: $23,414 Revenue: $2,660

Membership programs, membership and historic programs, publication of newsletter and communication with members, residents of Farmington and friends. $4,247.Program development $19,167.Archiving of...

Program 3

Expenses: $2,910 Revenue: $6,937

Amistad history tours $2,910.

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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 $1,136,506

Program Service Revenue $6,937

Investment Income $48,949

Other Revenue $22,778

TOTAL REVENUE $1,215,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,247

Program Expenses $65,263

Other Expenses $76,179

TOTAL EXPENSES $76,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,215,170	$93,027	+12.1%
Expenses	$76,179	$70,416	+0.1%
Net Income	$1,138,991	$22,611	+49.4%

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

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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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Bombara	President	4.00	Officer Director	$0	$0	$0
Ann Newbury	Secretary	4.00	Officer Director	$0	$0	$0
Portia Corbett	Vice President	4.00	Officer Director	$0	$0	$0
Joanne Lawson	Director	2.00	Director	$0	$0	$0
Heather Kelsey	Director	0.50	Director	$0	$0	$0
Ted Sanford	Director	1.00	Director	$0	$0	$0
Kimberly Silva	Director	0.50	Director	$0	$0	$0
Natasha Moore-Harris	Director	1.00	Director	$0	$0	$0
Tom Lyons	Treasurer	1.00	Director	$0	$0	$0
Night Hawk Flying	Director	1.00	Director	$0	$0	$0
Judy Cowell	Director	1.00	Director	$0	$0	$0
JoAnn Cephas	Director	1.00	Director	$0	$0	$0
Kim Silva	Director	1.00	Director	$0	$0	$0
Elise Rosen	Director	0.50	Director	$0	$0	$0
Jack Kemper	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	$1,215,170	$76,179	$2,324,826	$1,138,991
2024	$93,027	$70,416	$1,174,475	$22,611
2023	$154,868	$92,067	$1,100,063	$62,801
2022	$102,203	$49,527	$1,054,990	$52,676
2021	$57,758	$30,824	$1,012,174	$26,934
2020	$79,146	$38,598	$919,886	$40,548
2019	$59,381	$45,612	$886,194	$13,769
2018	$477,453	$43,834	$879,195	$433,619

Farmington Historical Society Incorporated