MERIDEN HISTORICAL SOCIETY 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

1952

Legal Domicile

Principal Officer

PAUL BUTKUS

Phone

2036391913

Tax Period

2024-01-01 to 2024-12-31

MERIDEN HISTORICAL SOCIETY INC, founded in 1952, is a small nonprofit in the Arts, Culture & Humanities sector that reported $153K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 104 months of operating reserves.

Mission

TO COLLECT, PRESERVE, DOCUMENT AND INTERPRET ARTIFACTS AND INFORMATION THAT ILLUSTRATE MERIDEN'S RICH CULTURAL AND INDUSTRIAL HISTORY AND MAKE THEM AVAILABLE TO FUTURE GENERATIONS OF MERIDEN RESIDENTS AND ALL OTHER INTERESTED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $128,064

TO EXPAND PUBLIC ACCESS TO INFORMATION THROUGH OUR COLLECTIONS, EXHIBITIONS, AND PROGRAMS, AND THE CREATIVE USE OF TECHNOLOGY AND TO PROVIDE OUR COMMUNITY, VISITORS AND OTHER INTERESTED PERSONS, A...

TO EXPAND PUBLIC ACCESS TO INFORMATION THROUGH OUR COLLECTIONS, EXHIBITIONS, AND PROGRAMS, AND THE CREATIVE USE OF TECHNOLOGY AND TO PROVIDE OUR COMMUNITY, VISITORS AND OTHER INTERESTED PERSONS, A CONNECTION TO THE PAST, AN UNDERSTANDING OF THE PRESENT AND A SENSE OF RESPONSIBILITY FOR THE FUTURE.

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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 $118,307

Program Service Revenue $0

Investment Income $35,051

Other Revenue $0

TOTAL REVENUE $153,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,080

Fundraising Expenses $0

Program Expenses $128,064

Other Expenses $130,876

TOTAL EXPENSES $161,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,358	$135,361	+0.1%
Expenses	$161,956	$106,476	+0.5%
Net Income	$-8,598	$28,885	-1.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH BORSUK	PRESIDENT	15.00	Officer Director	$0	$0	$0
WILLIAM GLICK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL BUTKUS	TREASURER	4.00	Officer Director	$0	$0	$0
STACEY ROVINSKY	SECRETARY	4.00	Officer Director	$0	$0	$0
LOUIS BERTAGNA	DIRECTOR	1.00	Director	$0	$0	$0
SHERWIN BORSUK	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR CARDONA	DIRECTOR	1.00	Director	$0	$0	$0
TAMI CHRISTOPHER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DICKSON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MCGOLDRICK	DIRECTOR	1.00	Director	$0	$0	$0
JANE MULLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RHODE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ROVINSKY	DIRECTOR	1.00	Director	$0	$0	$0
RIC SUZIO	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
2024	$153,358	$161,956	$1,326,830	$-8,598
2023	$135,361	$106,476	$1,334,719	$28,885
2022	$450,930	$174,249	$1,305,834	$276,681
2021	$345,888	$72,751	$1,029,153	$273,137
2020	$72,891	$34,289	$790,408	$38,602
2019	$78,279	$38,187	$714,322	$40,092
2018	$86,017	$44,387	$623,190	$41,630