THE CURRAN HOMESTEAD

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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

1993

Legal Domicile

Principal Officer

RICHARD STOCKFORD

Phone

2079459311

Tax Period

2024-01-01 to 2024-12-31

THE CURRAN HOMESTEAD, founded in 1993, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $42K left a modest 14% surplus.

Mission

TO CREATE A LIVING HISTORY VILLAGE TO SERVE AS AN EDUCATIONAL CENTER FOR THE PRESERVATION AND INTERPRETATION OF THE CULTURE, VALUES, AGRICULTURAL HERITAGE AND THE RURAL LIFESTYLE OF MAINE AT THE TURN-OF THE-TWENTIETH CENTURY.

Program Service Accomplishments

Program 1

Expenses: $30,843 Revenue: $8,246

THE ICE HARVEST AT BOTH CAMPUSES INCLUDES HANDS-ON EXPERIENCES WITH HARVESTING TOOLS, COOKING, HORSE DRAWN SLEDS. A MAPLE SUGARING AND IRISH CELEBRATION FEATURES FOOD, SYRUP PRODUCTION, HORSE DRAWN WAGONS, BLACKSMITHING. OLD HOME WEEK FEATURES FOOD, TRADITIONAL ARTS, SILENT MOVIES, MUSIC, AND WORKSHOPS. A HARVEST FESTIVAL INCLUDES APPLE CIDER MAKING, WAGON RIDES, ANTIQUE VEHICLE COMPETITION, MUSIC, ARTS & CRAFTS, ANTIQUE ENGINE REPAIR, AND TRADITIONAL ARTS. CHILDREN'S CLASSES INCLUDE DOMESTIC ARTS, FIBER ARTS, ELECTRIC LAMP BUILDING, CRYSTAL RADIOS, TELEGRAPHY, LETTERPRESS PRINTING, BLACKSMITHING, AND METAL CASTING. ADULT CLASSES INCLUDE KNIFE MAKING, BLACKSMITHING, BOOKBINDING, LETTERPRESS PRINTING, WOODWORKING, TIMBER FRAMING, PROPANE FORGE MAKING, DOMESTIC ARTS, FIBER ARTS, AND ANTIQUE ENGINE REPAIR.

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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 $42,450

Program Service Revenue $8,246

Investment Income $-2,478

Other Revenue $164

TOTAL REVENUE $48,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262

Fundraising Expenses $1,349

Program Expenses $30,843

Other Expenses $41,551

TOTAL EXPENSES $41,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,382	$140,746	-0.7%
Expenses	$41,813	$154,604	-0.7%
Net Income	$6,569	$-13,858	-1.5%

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
RICHARD B HANSON	HONORARY DIR	0.00	Director	$0	$0	$0
FRED HARTSTONE	DIRECTOR	10.00	Director	$0	$0	$0
JAMES H LEIGHTON JR	HONORARY DIR	0.00	Director	$0	$0	$0
IRVINE MARSTERS	VICE PRESIDE	30.00	Officer Director	$0	$0	$0
KAREN L MARSTERS	ASSISTANT TR	15.00	Officer Director	$0	$0	$0
RICHARD STOCKFORD	SECRETARY/PR	4.00	Officer Director	$0	$0	$0
RONALD SUCY	TREASURER	10.00	Officer Director	$0	$0	$0
ROBERT SCHMICK	EXECUTIVE DI	60.00	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
2024	$48,382	$41,813	$2,710,037	$6,569
2023	$140,746	$154,604	$2,704,122	$-13,858
2022	$159,849	$177,172	$2,716,891	$-17,323
2021	$129,060	$174,646	$2,707,987	$-45,586
2020	$124,018	$160,079	$2,618,121	$-36,061
2019	$176,515	$168,969	$2,512,522	$7,546
2018	$195,864	$141,752	$2,504,830	$54,112