MILFORD MUSEUM AND LANDMARKS COMMI… - 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

Legal Domicile

Principal Officer

CHARLES HAMMOND JR

Phone

3024241080

Tax Period

2023-07-01 to 2024-06-30

MILFORD MUSEUM AND LANDMARKS COMMISSION INC is a small nonprofit that reported $347K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $293K, a strong 84% operating margin.

Mission

PROMOTE AND SUPPORT IN ALL WAYS POSSIBLE THE PRESERVATION OF MILFORD'S DEFINING HISTORIC AND CULTURAL RESOURCES, INCLUDING HISTORIC STRUCTURES, SITES, AND COLLECTIONS.

Program Service Accomplishments

Program 1

Expenses: $53,668

PROVIDING ENRICHING ENTERTAINMENT AND EDUCATIONAL OPPORTUNITIES TO ALL MEMBERS OF THE MILFORD COMMUNITY, FOR FUTURE GENERATIONS AND ALL OTHER INTERESTED PARTIES. THIS INCLUDES MUSEUM TOURS, EXHIBITS...

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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 $311,821

Program Service Revenue $0

Investment Income $25,333

Other Revenue $10,230

TOTAL REVENUE $347,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,892

Fundraising Expenses $0

Program Expenses $53,668

Other Expenses $22,823

TOTAL EXPENSES $54,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,384	$791,822	-0.6%
Expenses	$54,715	$84,721	-0.4%
Net Income	$292,669	$707,101	-0.6%

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
CHARLES HAMMOND JR	PRESIDENT	5.00	Officer	$0	$0	$0
STEVE CURTIS	VICE PRESIDE	5.00	Officer	$0	$0	$0
ANGELA J TIBBITT	TREASURER	5.00	Officer	$0	$0	$0
YA'NELLE POWELL	SECRETARY	5.00	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	$347,384	$54,715	$1,054,798	$292,669
2023	$791,822	$84,721	$762,080	$707,101

MILFORD MUSEUM AND LANDMARKS COMMISSION INC