MANCHESTER HISTORICAL SOCIETY INC

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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

1965

Legal Domicile

Principal Officer

DENNIS GLEESON

Phone

8606479983

Tax Period

2023-10-01 to 2024-09-30

MANCHESTER HISTORICAL SOCIETY INC, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $289K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE MANCHESTER HISTORICAL SOCIETY EDUCATES THE PUBLIC ABOUT THE HISTORY OF MANCHESTER, CONNECTICUT; COLLECTS, PRESERVES, INTERPRETS, AND EXHIBITS INFORMATION AND ARTIFACTS ABOUT THE TOWN AND ITS DIVERSE POPULATION, AND ADVOCATES FOR THE PRESERVATION OF SIGNIFICANT HISTORICAL RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $260,011 Revenue: $13,490

THE ORGANIZATION IS A LOCAL HISTORICAL SOCIETY DEDICATED TO PRESERVING AND MAINTAINING HISTORICAL ARTIFACTS OF MANCHESTER, CONNECTICUT. IT PRESENTS LECTURE SERIES AND MUSEUM EXHIBITS WHICH ARE OPEN TO THE PUBLIC. IT ALSO REMAINS SEVERAL HISTORICAL BUILDINGS AND COLLECTIONS OF HISTORIC ARTIFACTS, ARTWORK, AND FURNITURE WHICH ARE ALSO OPEN TO THE PUBLIC

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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 $141,718

Program Service Revenue $0

Investment Income $48,191

Other Revenue $18,961

TOTAL REVENUE $208,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,515

Fundraising Expenses $0

Program Expenses $260,011

Other Expenses $235,388

TOTAL EXPENSES $288,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,870	$266,034	-0.2%
Expenses	$288,903	$359,043	-0.2%
Net Income	$-80,033	$-93,009	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS GLEESON	PRESIDENT	39.00	Officer Director	$0	$0	$0
ROBERT KANEHL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL CAFAZZO	SECRETARY	1.00	Officer Director	$0	$0	$0
DENISE BORATGIS	TREASURER	12.00	Officer Director	$0	$0	$0
BETTY LOU SANDY	DIRECTOR	1.00	Director	$0	$0	$0
DAN KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PENNY	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SMITH	DIRECTOR	39.00	Director	$0	$0	$0
JIM SARLES	DIRECTOR	4.00	Director	$0	$0	$0
JOE CAMPOSEO	DIRECTOR	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	$208,870	$288,903	$3,622,655	$-80,033
2023	$266,034	$359,043	$3,322,117	$-93,009
2023	$-7,611	No data	$3,305,363	No data
2022	$248,580	$384,488	$3,327,304	$-135,908
2021	$379,530	$287,916	$3,628,911	$91,614
2020	$460,728	$318,938	$3,305,866	$141,790
2019	$164,146	$261,482	$3,080,879	$-97,336
2018	$175,987	$268,878	$3,126,017	$-92,891