HISTORIC SARANAC LAKE

EIN: 141635407 501(c)(3) Arts, Culture & Humanities

SARANAC LAKE, NY

Total Revenue
$1,421,036
Total Expenses
$371,822
Total Assets
$6,116,058
Net Assets
$6,102,451
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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
1980
Legal Domicile
NY
Principal Officer
LAUROESCH LISA
Phone
5188914606
Tax Period
2024-09-01 to 2025-08-31

HISTORIC SARANAC LAKE, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 74% operating margin.

Mission

TO SEEK LISTINGS ON THE NATIONAL REGISTER OF HISTORIC PLACES; TO EDUCATE MEMBERS OF THE COMMUNITY & VISITORS ABOUT LOCAL HISTORY; TO CREATE COMMUNITY AWARENESS AND PRIDE IN LOCAL HISTORY; TO PROMOTE HISTORICAL RESEARCH; TO ENCOURAGE PRESERVATION OF HISTORIC MATERIALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,500,725
Program Service Revenue $23,601
Investment Income $4,966
Other Revenue $-108,256
TOTAL REVENUE $1,421,036

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,788
Fundraising Expenses $11,366
Program Expenses $165,532
Other Expenses $135,034
TOTAL EXPENSES $371,822

Year-over-Year Comparison

2024 2023 Change
Revenue $1,421,036 $2,489,546 -0.4%
Expenses $371,822 $380,107 0.0%
Net Income $1,049,214 $2,109,439 -0.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
5
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAPIN DAVID DIRECTOR N/A
Director
$0 $0 $0
CHENEY-SEYMOUR AMY DIRECTOR N/A
Director
$0 $0 $0
COHEN NANCY DIRECTOR N/A
Director
$0 $0 $0
GILLARD REBECCA DIRECTOR N/A
Director
$0 $0 $0
GRABE JOAN DIRECTOR N/A
Director
$0 $0 $0
GREENE ANN SECRETARY N/A
Officer Director
$0 $0 $0
HARRISON LYNN DIRECTOR N/A
Director
$0 $0 $0
KILROY-GARSO MARIE TREASURER N/A
Officer Director
$0 $0 $0
LANDES JUDY DIRECTOR N/A
Director
$0 $0 $0
LAUROESCH LISA PRESIDENT N/A
Officer Director
$0 $0 $0
LITTLE MELINDA DIRECTOR N/A
Director
$0 $0 $0
MINEHAN ELIZABETH DIRECTOR N/A
Director
$0 $0 $0
MURPHY NANCY DRIRECTOR N/A
Director
$0 $0 $0
ROBERSON SUZANNE VICE-PRESIDE N/A
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
2025 $1,421,036 $371,822 $6,116,058 $1,049,214
2024 $2,489,546 $380,107 $4,991,046 $2,109,439
2023 $1,110,444 $396,554 $2,883,658 $713,890
2022 $750,443 $332,412 $2,169,992 $418,031
2021 $550,277 $224,143 $1,750,941 $326,134
2020 $653,862 $226,705 $1,664,099 $427,157
2019 $364,883 $190,418 $1,219,542 $174,465
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