HISTORIC RED HOOK

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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

2013

Legal Domicile

Principal Officer

JIM HASKIN

Phone

8457581920

Tax Period

2024-01-01 to 2024-12-31

HISTORIC RED HOOK, founded in 2013, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $144K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ENGAGE THE COMMUNITY IN CONVERSATIONS ABOUT RED HOOK'S UNFOLDING STORY. WE DO THIS BY COLLECTING, PRESERVING AND PROMOTING RED HOOK'S HISTORY, MAINTAINING THE HISTORIC ELMENDORPH INN AS A COMMUNITY CENTER, CREATING DYNAMIC PROGRAMS AND PARTNERING WITH COMMUNITY ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $88,763 Revenue: $22,113

OUR MISSION IS TO ENGAGE THE COMMUNITY IN CONVERSATIONS ABOUT RED HOOK'S UNFOLDING STORY. WE DO THIS BY COLLECTING, PRESERVING AND PROMOTING RED HOOK'S HISTORY, MAINTAINING THE HISTORIC ELMENDORPH...

OUR MISSION IS TO ENGAGE THE COMMUNITY IN CONVERSATIONS ABOUT RED HOOK'S UNFOLDING STORY. WE DO THIS BY COLLECTING, PRESERVING AND PROMOTING RED HOOK'S HISTORY, MAINTAINING THE HISTORIC ELMENDORPH INN AS A COMMUNITY CENTER, CREATING DYNAMIC PUBLIC PROGRAMS AND PARTNERING WITH COMMUNITY ORGANIZATIONS.OUR ARCHIVES ROOM ON TUESDAYS TO FIND: STORIES, IMAGES AND RECORDS OF OUR PEOPLE AT WORK AND PLAY, OF OUR FARMS, BUSINESSES, SCHOOLS AND CHURCHES, RECORDS OF MEMORABLE EVENTS, IMPORTANT JOURNALS, LETTERS, MAPS AND MORE.THE ELMENDORPH INN IS ALSO USED FOR LOCAL GATHERINGS EVERY SEASON OF THE YEAR, FROM OUR EVER-POPULAR WINTER SOUP AND CHILI NIGHTS TO HARDSCRABBLE DAY AND DUTCH CHRISTMAS.

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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 $63,463

Program Service Revenue $18,014

Investment Income $8,415

Other Revenue $39,164

TOTAL REVENUE $129,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,138

Fundraising Expenses $12,767

Program Expenses $88,763

Other Expenses $106,773

TOTAL EXPENSES $143,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,056	$97,557	+0.3%
Expenses	$143,911	$122,844	+0.2%
Net Income	$-14,855	$-25,287	-0.4%

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

$32,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA S BODIAN	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM HASKIN	TREASURER	10.00	Officer Director	$0	$0	$0
BETH GOLDBERG	SECRETARY	5.00	Officer Director	$0	$0	$0
THEA BURGESS	PRESIDENT	15.00	Officer Director	$0	$0	$0
DIANE GOETZ	TRUSTEE	5.00	Director	$0	$0	$0
SKIP GRIFFITHS	TRUSTEE	5.00	Director	$0	$0	$0
DEB PAVLICH	TRUSTEE	5.00	Director	$0	$0	$0
PIETER ESTERSOHN	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BRENT KOVALCHIK	TRUSTEE	5.00	Director	$0	$0	$0
KRISTIN LUKS	TRUSTEE	5.00	Director	$0	$0	$0
ELISABETH TATUM	EXECUTIVE DIRECTOR	20.00	Officer	$32,500	$0	$32,500

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	$129,056	$143,911	$705,575	$-14,855
2023	$97,557	$122,844	$707,292	$-25,287
2022	$128,472	$112,034	$713,926	$16,438
2021	$159,653	$110,631	$758,193	$49,022
2020	$201,462	$77,828	$723,416	$123,634
2019	$127,950	$68,012	$704,587	$59,938
2018	$76,898	$64,292	$649,649	$12,606