QUEENS HISTORICAL SOCIETY (EIN 237016007) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

ROB MAKCAY

Phone

7189390647

Tax Period

2024-07-01 to 2025-06-30

QUEENS HISTORICAL SOCIETY, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $111K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $141K exceeded revenue, resulting in a 26% operating deficit.

Mission

PRESERVATION OF THE HISTORY OF THE BOROUGH OF QUEENS, NY

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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 $111,468

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $111,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,899

Fundraising Expenses $0

Program Expenses $140,778

Other Expenses $83,879

TOTAL EXPENSES $140,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,468	$86,605	+0.3%
Expenses	$140,778	$119,703	+0.2%
Net Income	$-29,310	$-33,098	-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

N/A

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
VERLINE FREEMAN	COMMUNITY OU	5.00	Officer	$0	$0	$0
ROB MAKCAY	PRESIDENT	5.00	Officer	$0	$0	$0
PATRICK OCONNOR	BOARD MEMBER	3.00	Officer	$0	$0	$0
MAUREEN REGAN	VP OF OPERAT	3.00	Officer	$0	$0	$0
PAUL SALERNI	VICE PRESIDE	3.00	Officer	$0	$0	$0
PATRICIA SHERWOOD	ADVISORY BOA	3.00	Officer	$0	$0	$0
HERMIT WANG	BOARD MEMBER	3.00	Officer	$0	$0	$0
JULIA WONG	BOARD MEMBER	3.00	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
2025	$111,468	$140,778	$246,383	$-29,310
2024	No data	No data	No data	No data
2022	$221,356	$108,544	$272,316	$112,812
2021	$65,807	$168,599	$159,504	$-102,792
2020	$189,269	$179,871	$265,440	$9,398
2019	$170,368	$169,498	$246,604	$870
2018	$133,345	$161,904	$283,932	$-28,559

QUEENS HISTORICAL SOCIETY