ADIRONDACK HISTORICAL ASSOCIATION

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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

Principal Officer

DAVID KAHN

Phone

5183527311

Tax Period

2023-01-01 to 2023-12-31

ADIRONDACK HISTORICAL ASSOCIATION, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $81.3M represent 160 months of operating reserves.

Mission

TO PROMOTE AND ENCOURAGE HISTORICAL STUDY AND RESEARCH RELATING TO THE ADIRONDACK PARK; TO GATHER AND DISSEMINATE HISTORICAL INFORMATION CONCERNING THE PARK; TO COLLECT AND PRESERVE ALL DOCUMENTS, BOOKS, AND OBJECTS RELATING TO THE REGION; TO MAINTAIN AN HISTORICAL MUSEUM NECESSARY TO CARRY OUT THE WORK OF THE ASSOCIATION, THROUGH OPERATION OF THE ADIRONDACK MUSEUM IN BLUE MOUNTAIN LAKE.

Program Service Accomplishments

Program 1

Expenses: $5,033,917 Revenue: $438,119

TO PROMOTE AND ENCOURAGE HISTORICAL STUDY AND RESEARCH RELATING TO THE ADIRONDACK PARK; TO GATHER AND DISSEMINATE HISTORICAL INFORMATION CONCERNING THE PARK; TO COLLECT AND PRESERVE ALL DOCUMENTS...

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,530,489

Program Service Revenue $438,119

Investment Income $1,585,811

Other Revenue $555,526

TOTAL REVENUE $6,109,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,281,652

Fundraising Expenses $408,941

Program Expenses $5,033,917

Other Expenses $3,220,617

TOTAL EXPENSES $6,502,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,109,945	$5,275,652	+0.2%
Expenses	$6,502,269	$5,814,220	+0.1%
Net Income	$-392,324	$-538,568	-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

108

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

$272,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KAHN	EXECUTIVE DIRECTOR	40.00	Officer	$239,160	$33,450	$272,610
PETER J FALCO	TRUSTEE	1.00	Director	$0	$0	$0
DREW C FORHAN	TRUSTEE	1.00	Director	$0	$0	$0
HARRIET B HUSTON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY R KEET	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R KIMBERLY	TRUSTEE	1.00	Director	$0	$0	$0
BENITA LAW-DIAO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM F LOCKE	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS J PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
GEOFFREY ROBILLARD	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCORDATO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT S SEARLE	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MANNING STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
GARRETT W THELANDER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES T TOWNSEND	TRUSTEE	1.00	Director	$0	$0	$0
SARAH M UNDERHILL	TRUSTEE	1.00	Director	$0	$0	$0
ANNE H VAN INGEN	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY S WOLCOTT	TRUSTEE	1.00	Director	$0	$0	$0
JACOB WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
NANCY REARDON SAYER	CHAIR	5.00	Officer Director	$0	$0	$0
ANNE DONOVAN BODNAR	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
E DARCIE CORBIN	SECRETARY	3.00	Officer Director	$0	$0	$0
DAVID A ROCKWELL	TREASURER	3.00	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	No data	No data	No data	No data
2023	$6,109,945	$6,502,269	$84,086,930	$-392,324
2022	$5,275,652	$5,814,220	$77,043,944	$-538,568
2021	$8,305,125	$5,071,607	$85,481,091	$3,233,518
2020	$6,715,035	$4,317,833	$75,357,054	$2,397,202
2019	$5,356,463	$5,414,941	$70,039,653	$-58,478
2018	$5,328,097	$5,464,229	$66,153,482	$-136,132