Chebeague Island 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

1985

Legal Domicile

Principal Officer

TED BALLARD treasurer

Phone

2078465237

Tax Period

2024-01-01 to 2024-12-31

Chebeague Island Historical Society, founded in 1985, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 27% operating margin.

Mission

To acquire, preserve, and promote history and material culture related to Great Chebeague Island and its environs: to create a sense of place and enrich the lives of those with island connections and the general public through exhibits, research, technology, and publications.

Program Service Accomplishments

Program 1

Expenses: $42,792

The Chebeague Island Historical Society provides a place where people can learn of the Island's history, view photographs and read articlesand historical documents.Our new website was launched over the winter, led by a new Board member who stepped in as web master. The website has a new look, new features, is user friendly, and is easier to maintain.

Program 2

Expenses: $17,352

In 2024, The Chebeague Island Historical Society opened a new permanent exhibit entitled Creating a Sense of Place: The Evolution of the Chebeague Community. The plan is for gradual changes over time...

Program 3

Expenses: $5,859 Revenue: $1,000

Other key Programs and Events continued this year, including the Ellsworth Miller Memorial lecture series, the Sloops Log publication, and the annual Memorial Day service, this year focused on those...

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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 $125,420

Program Service Revenue $0

Investment Income $7,114

Other Revenue $7,601

TOTAL REVENUE $140,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,307

Fundraising Expenses $5,622

Program Expenses $66,332

Other Expenses $71,302

TOTAL EXPENSES $102,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,135	$116,384	+0.2%
Expenses	$102,609	$142,024	-0.3%
Net Income	$37,526	$-25,640	-2.5%

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
David Hill	Trustee	1.00		$0	$0	$0
Gretchen Tonks Hartling	Vice President	4.00	Officer	$0	$0	$0
Mary Holt	Trustee	1.00		$0	$0	$0
Jackie Trask	Trustee	1.00		$0	$0	$0
Evin Erder	Trustee	1.00		$0	$0	$0
Ehrhardt Groothoff	Trustee	1.00		$0	$0	$0
Jill Whitman Marsee	Secretary	4.00	Officer	$0	$0	$0
Phyllis Brunner	Trustee	1.00		$0	$0	$0
Bill Danielson	Trustee	1.00		$0	$0	$0
Chris Landry	Trustee	1.00		$0	$0	$0
Kate Nyhan	Trustee	1.00		$0	$0	$0
Ted Ballard	Treasurer	15.00	Officer	$0	$0	$0
Jeff Drew	Trustee	1.00		$0	$0	$0
Corie Meehan	Trustee	1.00		$0	$0	$0
Elizabeth Murphy-Lewis	Trustee	1.00		$0	$0	$0
Susan Campbell	Trustee	1.00		$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	$140,135	$102,609	$946,491	$37,526
2023	$116,384	$142,024	$888,352	$-25,640
2022	$88,100	$74,780	$885,760	$13,320
2021	$155,052	$71,020	$924,072	$84,032
2020	$74,048	$68,804	$823,907	$5,244
2019	$73,829	$63,475	$784,585	$10,354
2018	$59,532	$52,226	$765,555	$7,306