Sanford-Springvale Historical Soci… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

Barbara Sutcliffe

Phone

2074901028

Tax Period

2024-07-01 to 2025-06-30

Sanford-Springvale Historical Society, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Net assets of $6.8M represent 571 months of operating reserves.

Mission

The Sanford-Springvale Historical Society was formed in 2005 to create a history museum and study center in the Towns former Town Hall. The museum is open to the public free of charge every Thursday, Friday and Saturday.

Program Service Accomplishments

Program 1

Expenses: $36,068

Purchases to expand collections, exhibit fixtures and archival supplies, as well as operate the museum.

Program 2

Expenses: $86,468

Maintenance and straight line depreciation of the Musuem Building. Building is the old Town Hall and is listed on the National Historical Registry, as well as maintenance of the expaned campus...

Maintenance and straight line depreciation of the Musuem Building. Building is the old Town Hall and is listed on the National Historical Registry, as well as maintenance of the expaned campus, inculding Goodwin House and memorial garden.

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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 $59,078

Program Service Revenue $0

Investment Income $85,409

Other Revenue $-1,904

TOTAL REVENUE $142,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,536

Other Expenses $144,381

TOTAL EXPENSES $144,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,583	$3,734,130	-1.0%
Expenses	$144,381	$67,350	+1.1%
Net Income	$-1,798	$3,666,780	-1.0%

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

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

Total Directors

Key Employees

$29,175

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Violetter-Adams	Executive Director	020.00	Key Emp	$29,175	$0	$29,175
Lawrence Furbish	President	020.00	Officer Director	$0	$0	$0
Joseph Hanslip	Director	002.00	Director	$0	$0	$0
Barbara Sutcliffe	Treasurer	006.00	Officer Director	$0	$0	$0
Paul Auger	Director	002.00	Director	$0	$0	$0
Claire Auger	Secretary	004.00	Officer Director	$0	$0	$0
Linwood Dall	Vice President	002.00	Officer Director	$0	$0	$0
Shawn Sullivan	Director	002.00	Director	$0	$0	$0
Thomas Gagne	Director	002.00	Director	$0	$0	$0
Robert Riding	Director	002.00	Director	$0	$0	$0
Bob Chevalier	Director	002.00	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	$142,583	$144,381	$6,781,619	$-1,798
2024	$3,734,130	$67,350	$6,153,834	$3,666,780
2023	$878,614	$103,879	$2,011,695	$774,735
2022	$305,570	$62,840	$1,141,911	$242,730
2021	$82,093	$56,758	$933,614	$25,335
2020	$106,071	$50,828	$895,393	$55,243

Sanford-Springvale Historical Society