Waterford Historical Museum & Cultural Center Inc (EIN 146034343) - 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

1964

Legal Domicile

Phone

5182380809

Tax Period

2024-01-01 to 2024-12-31

Waterford Historical Museum & Cultural Center Inc, founded in 1964, is a small nonprofit that reported $182K in total revenue in fiscal year 2024. Revenue surged 248% from the prior year, signaling strong growth momentum. Net assets of $677K represent 45 months of operating reserves.

Mission

The Museum supports and promotes the unique history and culture of the Town of Waterford and surrounding area of NYS. Collections and Exhibits are on display fro public viewing, in addition,

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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 $113,019

Program Service Revenue $5,858

Investment Income $56,778

Other Revenue $6,406

TOTAL REVENUE $182,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,606

Fundraising Expenses $0

Program Expenses $169,506

Other Expenses $155,371

TOTAL EXPENSES $179,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,061	$52,343	+2.5%
Expenses	$179,977	$28,054	+5.4%
Net Income	$2,084	$24,289	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Millington	President	10.00	Officer	$0	$0	$0
Patricia Burke	Vice President	10.00	Officer	$0	$0	$0
Nancy Spretty	Treasurer	10.00	Officer	$0	$0	$0
Philip Fusco	Secretary	5.00	Officer	$0	$0	$0
Catherine Walsh	Trustee	5.00		$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	$182,061	$179,977	$676,876	$2,084
2023	$52,343	$28,054	$670,818	$24,289
2022	$33,980	$44,707	$592,553	$-10,727
2021	$46,712	$47,572	$660,789	$-860
2020	$33,089	$27,887	$646,274	$5,202
2019	$71,137	$50,474	$615,343	$20,663
2018	$68,223	$53,566	$549,635	$14,657

Waterford Historical Museum & Cultural Center Inc