HISTORIC RED HOOK

EIN: 141664696 501(c)(3)

RED HOOK, NY

Total Revenue
$129,056
Total Expenses
$143,911
Total Assets
$705,575
Net Assets
$698,258
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
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.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
12

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
6
$32,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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