SMITHTOWN HISTORICAL MUSEUMS (EIN 116020158) - 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

1955

Legal Domicile

Phone

6312656768

Tax Period

2024-01-01 to 2024-12-31

SMITHTOWN HISTORICAL MUSEUMS, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $370K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $499K exceeded revenue, resulting in a 35% operating deficit.

Mission

OUR MISSION IS TO ENSURE THAT THE HISTORY OF SMITHTOWN TOWNSHIP AND OUR LONG ISLAND HERITAGE IS RESTORED, PRESERVED AND INTERPRETED FOR THE EDUCATION AND ENJOYMENT OF CURRENT AND FUTURE GENERATIONS. WE SEEK TO STRENGTHEN THE TIES TO OUR RICH LOCAL HERITAGE.

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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 $125,970

Program Service Revenue $87,411

Investment Income $43,127

Other Revenue $113,217

TOTAL REVENUE $369,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,818

Fundraising Expenses $94,589

Program Expenses $345,528

Other Expenses $319,848

TOTAL EXPENSES $498,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,725	$419,308	-0.1%
Expenses	$498,666	$436,287	+0.1%
Net Income	$-128,941	$-16,979	+6.6%

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

$110,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRIYA KAPOOR	EXECUTIVE DIRECTOR	55.00	Officer	$110,923	$0	$110,923
DEANNA VARRICCHIO	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD GRZETIC	TRUSTEE	1.00	Director	$0	$0	$0
MARY ELLEN MCCROSSEN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JOAN HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
NEIL SCHUMER	TRUSTEE	1.00	Director	$0	$0	$0
WALTER SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ZOLLO	TRUSTEE	1.00	Director	$0	$0	$0
KATHY TUSA	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BAUER	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN BORELLA	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN CAULFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH DONATO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN SMILOW	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
INGE SOBOL	TREASURER	1.00	Officer 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	$369,725	$498,666	$2,729,596	$-128,941
2023	$419,308	$436,287	$2,805,403	$-16,979
2022	$599,600	$421,323	$2,739,975	$178,277
2021	$361,591	$344,100	$2,648,074	$17,491
2020	$264,825	$386,007	$2,589,869	$-121,182
2019	$590,047	$414,359	$2,654,608	$175,688
2018	$321,886	$387,030	$2,390,187	$-65,144

SMITHTOWN HISTORICAL MUSEUMS