Newstead Historical Society

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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

1960

Legal Domicile

Principal Officer

Patricia Pearce

Tax Period

2023-01-01 to 2023-12-31

Newstead Historical Society, founded in 1960, is a micro nonprofit that reported $53K in total revenue in fiscal year 2023. The organization ran a surplus of $27K, a strong 52% operating margin.

Mission

Historical Preservation and Restoration

Program Service Accomplishments

Program 1

Expenses: $24,252

Monthly Programs: Free to public, average attendance 50-60. A major activity has been the refurbishing of the historic museum at 123 Main St. AkronRestoration of landmarks owned by the Newstead...

Monthly Programs: Free to public, average attendance 50-60. A major activity has been the refurbishing of the historic museum at 123 Main St. AkronRestoration of landmarks owned by the Newstead Historical Society, Octagon House, open to public and schools approximately 200 tours per year.Many fundraising activities held for restoration of the Octagon House, membership of approximately 500 contribute to this effort with time and money.

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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 $35,701

Program Service Revenue $5,450

Investment Income $1,576

Other Revenue $10,113

TOTAL REVENUE $52,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,252

Other Expenses $25,507

TOTAL EXPENSES $25,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,840	$52,779	+0.0%
Expenses	$25,507	$81,714	-0.7%
Net Income	$27,333	$-28,935	-1.9%

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

N/A

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
Roxanne Rebmann	Recording Secretary	1.00	Officer	$0	$0	$0
Adam Burg	President	7.00	Officer	$0	$0	$0
Patricia Pearce	Treasurer	2.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$52,840	$25,507	$853,725	$27,333
2022	$52,779	$81,714	$819,457	$-28,935
2021	$105,528	$70,209	$863,584	$35,319
2020	$37,270	$34,309	$824,351	$2,961
2019	$45,967	$62,213	$817,158	$-16,246
2018	$59,364	$59,313	$828,755	$51