MONTCLAIR 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

1966

Legal Domicile

Principal Officer

ANGELICA DIGGS

Phone

9737441796

Tax Period

2023-07-01 to 2024-06-30

MONTCLAIR HISTORICAL SOCIETY, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $374K in total revenue in fiscal year 2023. Expenses of $483K exceeded revenue, resulting in a 29% operating deficit.

Mission

MISSION: THE MISSION OF THE MONTCLAIR HISTORICAL SOCIETY (DBA MONTCLAIR HISTORY CENTER) IS TO PRESERVE LOCAL HISTORY THROUGH ITS HISTORICAL BUILDINGS, ARTIFACTS AND DOCUMENTS; EDUCATE THE COMMUNITY ABOUT LOCAL HSISTORY AND ITS IMPORTANCE; AND SHARE THE STORIES AND HISTORY OF THE PEOPLE AND GROUPS WHO HAVE SHAPED THE MONTCLAIR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $24,058 Revenue: $112,353

THIS PROGRAM REVENUE AND EXPENSES RELATES TO THE RESTORATION OF THE SCHULTZ BUILDING AND AIMS TO PRESERVE ITS HISTORICAL INTEGRITY BY MAINTAINING ITS ORIGINAL ARCHITECTURAL FEATURES AND MATERIALS...

THIS PROGRAM REVENUE AND EXPENSES RELATES TO THE RESTORATION OF THE SCHULTZ BUILDING AND AIMS TO PRESERVE ITS HISTORICAL INTEGRITY BY MAINTAINING ITS ORIGINAL ARCHITECTURAL FEATURES AND MATERIALS, ENSURING ITS CONTINUED SIGNIFICANCE WITHIN THE HISTORICAL SOCIETY.

Program 2

Expenses: $155,887 Revenue: $41,254

THIS PROGRAM REVENUE AND EXPENSE REPRESENTS THE SALARIES, BENEFITS COSTS FOR PAID PROGRAM DIRECTOR AND SUPPORT STAFF THAT OVERSEAS THE DAY TO DAY ACTIVITIES OF THE SOCIETY INCLUDING BUT NOT LIMITED TO SOLICITING NEW MEMBERS, CREATING PROGRAMS AND FLIERS FOR TOURS, HERB SALES, VARIOUS OTHER ACTIVITIES.

Program 3

Expenses: $124,491

THE SECOND PROGRAM ACCOMPLISHMENTS RELATES TO VARIOUS HISTORICAL TOURS, CLASSES AND SCHOOL TRIPS RELATING TO RENTAL INCOME AND UTILITIES AND REPAIRS EXPENSES TO PROMOTE THE SOCIETY'S MISSION.

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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 $185,286

Program Service Revenue $106,824

Investment Income $35,275

Other Revenue $46,783

TOTAL REVENUE $374,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,816

Fundraising Expenses $31,784

Program Expenses $319,289

Other Expenses $223,297

TOTAL EXPENSES $483,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374,168	$-366,421	-2.0%
Expenses	$483,113	$372,646	+0.3%
Net Income	$-108,945	$-739,067	-0.9%

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

$59,547

Total Directors