ANDOVER HISTORIC PRESERVATION CORPORATION (EIN 222308597) - 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

1988

Legal Domicile

Principal Officer

DAVID SCHAUT

Phone

6074788009

Tax Period

2024-07-01 to 2025-06-30

ANDOVER HISTORIC PRESERVATION CORPORATION, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $675K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

A COMMUNITY-BASED ORGANIZATION DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AND THE COMMUNITY IN THE GREATER ANDVOER, NEW YORK AREA BY PRESERVATION, REHABILITATION, AND REDEVELOPMETN OF RESIDENTIAL AND COMMERCIAL PROPERTIES, IN ADDITION TO PROVIDING RENTAL HOUSING.

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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 $606,969

Program Service Revenue $61,803

Investment Income $12

Other Revenue $6,125

TOTAL REVENUE $674,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,926

Fundraising Expenses $0

Program Expenses $673,644

Other Expenses $521,405

TOTAL EXPENSES $676,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$674,909	$726,048	-0.1%
Expenses	$676,331	$600,560	+0.1%
Net Income	$-1,422	$125,488	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY FROST	DIRECTOR	2.00	Director	$0	$0	$0
JERI REICHMAN	SECRETARY/ T	2.00	Officer Director	$0	$0	$0
FRANKLIN RUSSELL	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
DAVID SCHAUT	CHAIRMAN	2.00	Officer 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	$674,909	$676,331	$545,868	$-1,422
2024	$726,048	$600,560	$597,790	$125,488
2023	$175,121	$199,774	$544,638	$-24,653
2022	$418,846	$433,167	$566,056	$-14,321
2021	$257,730	$274,144	$503,223	$-16,414
2020	$293,645	$353,943	$481,267	$-60,298

ANDOVER HISTORIC PRESERVATION CORPORATION