SHELTER ISLAND HISTORY MUSEUM (EIN 116083115) - 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

1966

Legal Domicile

Principal Officer

NANETTE LAWRENSON

Phone

6317490025

Tax Period

2024-01-01 to 2024-12-31

SHELTER ISLAND HISTORY MUSEUM, founded in 1966, is a small nonprofit that reported $568K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $730K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE SHELTER ISLAND HISTORICAL SOCIETY IS TO RESEARCH, PRESERVE AND SHARE OUR HERITAGE AND ISLAND HISTORY THROUGH EDUCATION, EXHIBITION, SCHOLARSHIP AND COMMUNITY ACTIVITIES. WE INTERPRET SHELTER ISLAND'S PAST AND ON GOING LIFE THROUGH PRESERVATION OF HISTORICAL MATERIAL FROM THE FIRST INHABITANTS, SHELTERS AND TOWN FATHERS, TO THOSE WHO HAVE MADE IT A CARING AND UNIQUE COMMUNITY THROUGH THE YEARS. WE STRIVE TO PRESERVE THE ISLAND'S HERITAGE FOR FUTURE GENERATIONS.

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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 $338,230

Program Service Revenue $224,399

Investment Income $5,145

Other Revenue $0

TOTAL REVENUE $567,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,691

Fundraising Expenses $73,756

Program Expenses $594,770

Other Expenses $462,887

TOTAL EXPENSES $729,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,774	$432,733	+0.3%
Expenses	$729,578	$652,957	+0.1%
Net Income	$-161,804	$-220,224	-0.3%

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

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
MARY FRAN GLEASON	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRIS CAREY	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MARGARET DORIO	TREASURER	10.00	Officer Director	$0	$0	$0
ELIZABETH NARDIN	SECRETARY	10.00	Officer Director	$0	$0	$0
ADAM BUNDY	TRUSTEE	5.00	Director	$0	$0	$0
AMY COCOCCIA	TRUSTEE	5.00	Director	$0	$0	$0
MAGGIE MURPHY	TRUSTEE	5.00	Director	$0	$0	$0
JEFF FEINGOLD	TRUSTEE	5.00	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	$567,774	$729,578	$4,936,716	$-161,804
2023	$432,733	$652,957	$5,106,456	$-220,224
2022	$408,462	$733,255	$5,255,957	$-324,793
2021	$533,572	$541,204	$5,619,256	$-7,632
2020	$468,310	$441,107	$5,618,819	$27,203
2019	$1,637,684	$437,683	$5,657,925	$1,200,001
2018	$1,274,989	$355,549	$4,700,563	$919,440

SHELTER ISLAND HISTORY MUSEUM