FREETOWN 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

1969

Legal Domicile

Principal Officer

V JOY MILLER

Phone

5086445310

Tax Period

2024-05-01 to 2025-04-30

FREETOWN HISTORICAL SOCIETY INC, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $35K, a strong 16% operating margin.

Mission

TO ACQUIRE AND PRESERVE FOR POSTERITY, THE ARTIFACTS AND HISTORY OF THE TOWN OF FREETOWN, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $124,336

TO ACQUIRE AND PRESERVE FOR POSTERITY, THE ARTIFACTS AND HISTORY OF THE TOWN OF FREETOWN, MASSACHUSETTS.

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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 $168,422

Program Service Revenue $0

Investment Income $51,338

Other Revenue $0

TOTAL REVENUE $219,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,579

Fundraising Expenses $0

Program Expenses $124,336

Other Expenses $147,024

TOTAL EXPENSES $184,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,760	$193,002	+0.1%
Expenses	$184,603	$228,090	-0.2%
Net Income	$35,157	$-35,088	-2.0%

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
RICHARD KENDRICK	PRESIDENT	N/A	Officer Director	$0	$0	$0
WILLIAM COPELAND	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
V JOY MILLER	TREASURER	N/A	Officer Director	$0	$0	$0
MARGARET RUSSELL	SECRETARY	N/A	Officer Director	$0	$0	$0
SUE PIERONI	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY ENZIAN	DIRECTOR	N/A	Director	$0	$0	$0
FRANK ASHLEY	DIRECTOR	N/A	Director	$0	$0	$0
MARILYN ROBBINS	DIRECTOR	N/A	Director	$0	$0	$0
BETTY ASHLEY	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM COPELAND	DIRECTOR	N/A	Director	$0	$0	$0
MARK WHITTAKER	DIRECTOR	N/A	Director	$0	$0	$0
JAMES MILLER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ERIC DODENHOFF	ASSISTANT SE	N/A	Director	$0	$0	$0
ROY JONES	DIRECTOR	N/A	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	$219,760	$184,603	$2,605,132	$35,157
2023	$176,878	$118,324	$2,250,049	$58,554
2022	$209,356	$170,514	$2,125,247	$38,842
2021	$157,941	$102,138	$2,086,986	$55,803
2020	$254,652	$284,437	$2,030,601	$-29,785
2019	$206,729	$87,436	$2,061,877	$119,293