BOOTHBAY REGION 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

1967

Legal Domicile

Principal Officer

LUCIAN LAURIE

Phone

2076330820

Tax Period

2024-05-01 to 2025-04-30

BOOTHBAY REGION HISTORICAL SOCIETY, founded in 1967, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 54% operating margin.

Mission

PROMOTE AND PRESERVE THE HISTORY OF THE BOOTHBAY REGION OF MAINE AND MAINTAIN A HISTORICAL MUSEUM OPEN FREE OF CHARGE TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $59,254

THE OGRANIZATION MAINTAINED A HISTORICAL MUSEUM OPEN FREE OF CHARGE TO THE GENERAL PUBLIC.

Program 2

Expenses: $3,424

THE ORGANIZATION PROVIDED EDUCATIONAL PROGRAMS, NEWS ARTICLES, AND AN ACTIVE HISTORICAL AND GENEALOGICAL RESEARCH FACILITY ABOUT THE BOOTHBAY REGION OF MAINE.

Program 3

Expenses: $1,000

THE ORGANIZATION AWARDED ONE SCHOLARSHIP IN THE AMOUNT OF 1,000 TO ONE 2025 GRADUATE OF THE LOCAL HIGH SCHOOL.

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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 $135,264

Program Service Revenue $1,413

Investment Income $101,638

Other Revenue $9,798

TOTAL REVENUE $248,113

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $78,905

Fundraising Expenses $13,820

Program Expenses $63,678

Other Expenses $35,152

TOTAL EXPENSES $115,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,113	$128,346	+0.9%
Expenses	$115,057	$102,566	+0.1%
Net Income	$133,056	$25,780	+4.2%

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
RUTH ALLEY	TRUSTEE	1.00	Director	$0	$0	$0
JOE AMBROSINO	TRUSTEE	1.00	Director	$0	$0	$0
WENDY BELLOWS	SECRETARY	1.00	Officer Director	$0	$0	$0
MERRITT BLAKESLEE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAT BRUNELL	TRUSTEE	1.00	Director	$0	$0	$0
LUCIAN LAURIE	TREASURER	1.00	Director	$0	$0	$0
LIZ ULLRICH	TRUSTEE	1.00	Director	$0	$0	$0
KAY WILDER	PRESIDENT	1.00	Officer 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
2025	$248,113	$115,057	$1,100,996	$133,056
2024	$128,346	$102,566	$974,588	$25,780
2023	$143,951	$89,302	$906,044	$54,649
2022	$148,084	$70,060	$891,263	$78,024
2021	$121,118	$58,835	$916,271	$62,283