HOBOKEN HISTORICAL MUSEUM INC

EIN: 222700679 501(c)(3)

HOBOKEN, NJ

Total Revenue
$528,539
Total Expenses
$370,384
Total Assets
$952,846
Net Assets
$942,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NJ
Principal Officer
ROBERT FOSTER
Phone
2016562240
Tax Period
2024-01-01 to 2024-12-31

HOBOKEN HISTORICAL MUSEUM INC, founded in 1986, is a small nonprofit that reported $529K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 30% operating margin.

Mission

HHM WAS FOUNDED IN 1986 TO STIMULATE INTEREST IN HOBOKEN HISTORY THROUGH THE INSTALLATION OF ORIGINAL EXHIBITS; THE COLLECTION AND PRESERVATION OF ARTIFACTS; AND THE DOCUMENTATION OF HOBOKEN'S PHYSICAL AND CULTURAL HERITAGE; THE PUBLISHING OF ORAL HISTORY BOOKLETS, AND NEWSLETTERS. HHM ADVANCES THE UNDERSTANDING AND EXPLORATION OF HOBOKEN HISTORY, CULTURE AND ARCHITECTURE.

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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 $324,865
Program Service Revenue $38,381
Investment Income $29,903
Other Revenue $135,390
TOTAL REVENUE $528,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,624
Fundraising Expenses $40,306
Program Expenses $275,217
Other Expenses $191,760
TOTAL EXPENSES $370,384

Year-over-Year Comparison

2024 2023 Change
Revenue $528,539 $341,923 +0.5%
Expenses $370,384 $353,757 +0.0%
Net Income $158,155 $-11,834 -14.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
16
Independent Members
16
Employees
4
Volunteers
45

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
3
$74,648
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FOSTER Director 40.00
Officer
$74,648 $0 $74,648
VALERIE HUFNAGEL President 2.00
Officer Director
$0 $0 $0
WILLIAM TOBIAS Treasurer 2.00
Officer Director
$0 $0 $0
GREGORY BYRNES BOARD MEMBER 1.00
Director
$0 $0 $0
Katherine Kingsbury BOARD MEMBER 1.00
Director
$0 $0 $0
Greg Dell'Aquila BOARD MEMBER 1.00
Director
$0 $0 $0
FRED BADO BOARD MEMBER 1.00
Director
$0 $0 $0
TIM MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL BARRY BOARD MEMBER 1.00
Director
$0 $0 $0
THALER PEKAR BOARD MEMBER 1.00
Director
$0 $0 $0
IRENE SOBOLOV BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY VETRANO BOARD MEMBER 1.00
Director
$0 $0 $0
GERRI FALLO BOARD MEMBER 1.00
Director
$0 $0 $0
JIM PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
TOM BRENNAN BOARD MEMBER 1.00
Director
$0 $0 $0
Ellen Stewart BOARD MEMBER 1.00
Director
$0 $0 $0
MERRITT PATERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ANA SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
KATE VALENTA BOARD MEMBER 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 $528,539 $370,384 $952,846 $158,155
2023 $341,923 $353,757 $775,995 $-11,834
2022 $349,905 $317,730 $758,709 $32,175
2021 $479,508 $319,516 $767,438 $159,992
2020 $314,801 $282,741 $605,796 $32,060
2019 $323,606 $321,204 $530,452 $2,402
2018 $339,732 $338,770 $519,517 $962
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