NORWICH 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

1969

Legal Domicile

Principal Officer

JAMES WESTRICH

Phone

8026490124

Tax Period

2024-10-01 to 2025-09-30

NORWICH HISTORICAL SOCIETY, founded in 1969, is a small nonprofit that reported $127K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 26% operating margin.

Mission

THE PURPOSE OF THIS SOCIETY SHALL BE TO DISCOVER, COLLECT, AND PRESERVE MATERIAL RELATING TO THE HISTORY OF NORWICH, THE NORWICH AREA, AND ITS INHABITANTS, AND TO FOSTER AND ENCOURAGE AN INTEREST IN THIS HISTORY, FOR THE PUBLIC AND EDUCATIONAL BENEFIT OF THE PEOPLE OF NORWICH AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $89,034

NORWICH HISTORICAL SOCIETY HAS INCREASED ITS COLLECTION OF NORWICH HISTORY, EXPANDED ITS EDUCATIONAL ENDEAVORS, AND PROVIVDED AN IMPROVED MEETING SPACE FOR OTHER ORGANIZATIONS IN THE AREA.

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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 $105,969

Program Service Revenue $0

Investment Income $4,451

Other Revenue $16,906

TOTAL REVENUE $127,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,157

Fundraising Expenses $919

Program Expenses $89,034

Other Expenses $54,950

TOTAL EXPENSES $94,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,326	$79,748	+0.6%
Expenses	$94,107	$91,387	+0.0%
Net Income	$33,219	$-11,639	-3.9%

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

100

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

$34,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BAUER	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANNA ADACHI-MEIJA	TRUSTEE	0.50	Director	$0	$0	$0
CAMERON CROSS	TRUSTEE	0.50	Director	$0	$0	$0
JAMES WESTRICH	TREASURER	0.50	Officer Director	$0	$0	$0
MARY BROWNLOW	SECRETARY	0.50	Officer Director	$0	$0	$0
ANDREW GARTHWAITE	TRUSTEE	0.50	Director	$0	$0	$0
TAMMY HEESAKKER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BOB BRISTOL	TRUSTEE	0.50	Director	$0	$0	$0
LEAH GOAT	TRUSTEE	0.50	Director	$0	$0	$0
CHERI MATHER	TRUSTEE	0.50	Director	$0	$0	$0
WENDY THOMPSON	TRUSTEE	0.50	Director	$0	$0	$0
SARAH ROOKER	DIRECTOR	20.00	Officer	$34,027	$0	$34,027

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	$127,326	$94,107	$637,737	$33,219
2024	$79,748	$91,387	$606,366	$-11,639
2023	$145,756	$102,159	$616,796	$43,597
2022	$93,040	$91,130	$573,234	$1,910
2021	$81,016	$89,759	$571,251	$-8,743
2020	$71,334	$87,803	$580,157	$-16,469
2019	$74,974	$82,399	$591,930	$-7,425
2018	$61,553	$79,628	$599,157	$-18,075