Monhegan Historical & Cultural Museum Association

EIN: 222572864 501(c)(3)

Monhegan, ME

Total Revenue
$1,017,115
Total Expenses
$517,604
Total Assets
$8,326,605
Net Assets
$8,143,676
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
ME
Principal Officer
Adam Blumenthal
Phone
2075967003
Tax Period
2024-01-01 to 2024-12-31

Monhegan Historical & Cultural Museum Association, founded in 1984, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $500K, a strong 49% operating margin.

Mission

Monhegan Museum of Art & History stewards and shares the cultural memory of the Island to connect people to this place, its history and each other.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $468,666
Program Service Revenue $0
Investment Income $520,466
Other Revenue $27,983
TOTAL REVENUE $1,017,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,712
Fundraising Expenses $3,121
Program Expenses $494,820
Other Expenses $305,892
TOTAL EXPENSES $517,604

Year-over-Year Comparison

2024 2023 Change
Revenue $1,017,115 $467,124 +1.2%
Expenses $517,604 $376,397 +0.4%
Net Income $499,511 $90,727 +4.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
15
Employees
12
Volunteers
130

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Blumenthal President 12.00
Officer Director
$0 $0 $0
Susan Bateson Vice President 16.00
Officer Director
$0 $0 $0
Elena Henry Trustee 3.00
Officer Director
$0 $0 $0
Suzanne McDonald Trustee 1.00
Director
$0 $0 $0
Will Coleman Trustee 1.00
Director
$0 $0 $0
Henry Barkhausen Trustee 1.00
Director
$0 $0 $0
Susan Danly Vice President 1.00
Director
$0 $0 $0
Earle Shettleworth Jr Trustee 1.00
Director
$0 $0 $0
Alexander Krause Trustee 1.00
Director
$0 $0 $0
Jan Kornbluth Treasurer 1.00
Director
$0 $0 $0
Mary Kordak Trustee 1.00
Director
$0 $0 $0
Mandy Sabine Metrano Secretary 1.00
Officer Director
$0 $0 $0
Jessica Nicoll Trustee 1.00
Director
$0 $0 $0
Laura Ligouri Trustee 1.00
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
2024 $1,017,115 $517,604 $8,326,605 $499,511
2023 $467,124 $376,397 $7,722,193 $90,727
2022 $415,550 $474,756 $6,745,252 $-59,206
2021 $863,357 $328,959 $7,497,398 $534,398
2020 $1,855,890 $348,797 $6,659,966 $1,507,093
2019 $1,238,922 $313,494 $5,128,431 $925,428
2018 $707,418 $323,588 $3,929,754 $383,830
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