RENSSELAER COUNTY HISTORICAL SOCIETY INC (EIN 141403569) - 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

1927

Legal Domicile

Principal Officer

KATHY SHEEHAN

Phone

5182727232

Tax Period

2023-01-01 to 2023-12-31

RENSSELAER COUNTY HISTORICAL SOCIETY INC, founded in 1927, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $402K exceeded revenue, resulting in a 33% operating deficit.

Mission

PROMOTE BROAD PUBLIC PARTICIPATION AND INTEREST IN THE HISTORY OF RENSSELAER COUNTY, NY (CONTINUED) AND ITS PLACE IN THE REGION, STATE AND NATION.

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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 $227,224

Program Service Revenue $5,864

Investment Income $34,467

Other Revenue $35,831

TOTAL REVENUE $303,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,357

Fundraising Expenses $63,359

Program Expenses $245,248

Other Expenses $189,919

TOTAL EXPENSES $402,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,386	$370,449	-0.2%
Expenses	$402,276	$335,809	+0.2%
Net Income	$-98,890	$34,640	-3.9%

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

220

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

$67,385

Total Directors

$67,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GARDNER II	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK PIGOTT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM P HESSNEY	TRUSTEE	1.00	Director	$0	$0	$0
BETH SCHROEDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE CROUSE	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE WARD	TRUSTEE	1.00	Director	$0	$0	$0
MARK SHIPLEY	TREASURER	1.00	Officer Director	$0	$0	$0
FIONA KELLY	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA MCCANDLESS	TRUSTEE	1.00	Director	$0	$0	$0
SHARON ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE VAN SLYKE	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE VENNARD	TRUSTEE	1.00	Director	$0	$0	$0
JULIAN ADAMS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JODY BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
EMILY LUDDY	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD GORMAN	TRUSTEE	1.00	Director	$0	$0	$0
CINDY BARFORD	TRUSTEE	1.00	Director	$0	$0	$0
STACEY BRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY FALLS	TRUSTEE	1.00	Director	$0	$0	$0
BRENDAN KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
KATHY SHEEHAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$67,385	$0	$67,385
STEPHANIE STEWART	TRUSTEE	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	No data	No data	No data	No data
2023	$303,386	$402,276	$1,560,869	$-98,890
2022	$370,449	$335,809	$1,523,351	$34,640
2021	$387,210	$363,533	$1,644,719	$23,677
2020	$472,520	$310,904	$1,555,247	$161,616
2019	$454,935	$334,315	$1,162,875	$120,620
2018	$417,023	$354,290	$965,605	$62,733

RENSSELAER COUNTY HISTORICAL SOCIETY INC