GLOUCESTER COUNTY HISTORICAL SOCIET

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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

1903

Legal Domicile

Principal Officer

JAMES SCYTHES

Phone

8568457881

Tax Period

2024-05-01 to 2025-04-30

GLOUCESTER COUNTY HISTORICAL SOCIET, founded in 1903, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $355K exceeded revenue, resulting in a 56% operating deficit.

Mission

THE NBSP;MAIN NBSP;OBJECTIVES NBSP;OF NBSP;THE NBSP;SOCIETY NBSP;ARE NBSP;TO NBSP;ACQUIRE NBSP;AND NBSP;PRESERVE NBSP;DOCUMENTS NBSP;RECORDS NBSP;AND NBSP;RELICS NBSP;THAT NBSP;RELATE NBSP;TO NBSP;THE NBSP;HISTORY NBSP;OF NBSP;THE NBSP;COUNTY NBSP;STATE NBSP;AND NBSP;COUNTRY NBSP;ENCOURAGE NBSP;THE NBSP;PROTECTION NBSP;AND NBSP;PRESERVATION NBSP;OF NBSP;THE NBSP;HISTORICAL NBSP;LANDMARKS NBSP;AND NBSP;POINTS NBSP;OF NBSP;INTEREST NBSP;WITHIN NBSP;THE NBSP;COUNTY NBSP;ENCOURAGE NBSP;HISTORICAL NBSP;AND NBSP;GENEALOGICAL NBSP;RESEARCH NBSP;AND NBSP;PROVIDE NBSP;RELATED NBSP;PUBLICATION NBSP;MATERIALS

Program Service Accomplishments

Program 1

Expenses: $135,912 Revenue: $1,319

OPERATION AND MAINTENANCE OF MUSEUM OPEN FOR EDUCATION AND GENERAL PUBLIC USE.

Program 2

Expenses: $59,960 Revenue: $3,400

OPERATION AND MAINTENANCE OF LIBRARY OPEN FOR EDUCATION AND GENEALOGICAL RESEARCH AND GENERAL PUBLIC USE

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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 $177,200

Program Service Revenue $6,052

Investment Income $5,386

Other Revenue $39,487

TOTAL REVENUE $228,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,491

Fundraising Expenses $2,744

Program Expenses $195,872

Other Expenses $277,894

TOTAL EXPENSES $355,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,125	$569,407	-0.6%
Expenses	$355,385	$247,205	+0.4%
Net Income	$-127,260	$322,202	-1.4%

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
JANET BISHOP	BOARD MEMBER	001.00	Director	$0	$0	$0
JANET BURR	BOARD MEMBER	001.00	Director	$0	$0	$0
JESSICA FERGUSON	BOARD MEMBER	001.00	Director	$0	$0	$0
LEONA HANSELL	BOARD MEMBER	001.00	Director	$0	$0	$0
JAMES SCYTHES	PRESIDENT	001.00	Officer Director	$0	$0	$0
DONALD KWASNICKI	TREASURER	001.00	Officer Director	$0	$0	$0
KAY MARIE PLATT	SECRETARY	001.00	Officer Director	$0	$0	$0
HARRY SCHAEFFER	BOARD MEMBER	001.00	Director	$0	$0	$0
HENRY SCHROEDER	1ST VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
NORA TAYLOR	BOARD MEMBER	001.00	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
2025	$228,125	$355,385	$2,308,076	$-127,260
2024	$569,407	$247,205	$2,447,610	$322,202
2023	$129,618	$245,360	$2,126,012	$-115,742
2022	$120,380	$159,903	$2,142,186	$-39,523
2021	$90,712	$160,727	$2,285,469	$-70,015
2020	$119,772	$230,131	$1,970,310	$-110,359
2019	$120,786	$205,200	$2,108,541	$-84,414