THE SOUTHBOROUGH HISTORICAL SOCIET… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

MICHAEL D WEISHAN

Phone

5085247540

Tax Period

2024-05-01 to 2025-04-30

THE SOUTHBOROUGH HISTORICAL SOCIETYINC, founded in 1965, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $13K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 202% operating deficit.

Mission

STUDY, COLLECT, PRESERVE, AND HOUSE HISTORICAL RECORDS

Program Service Accomplishments

Program 1

Expenses: $39,639 Revenue: $13,128

CONTINUING RECONSTRUCTION OF THE BUILDING AND CARRYING OUT ITS PRMARY MISSION OF ASTUDY, COLLECT, PRESERVE AHD HOUSE HISTORICAL RECORDS.

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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 $13,128

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,639

Other Expenses $39,639

TOTAL EXPENSES $39,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,128	$234,884	-0.9%
Expenses	$39,639	$19,554	+1.0%
Net Income	$-26,511	$215,330	-1.1%

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

Employees

N/A

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
MICHAEL WEISHAN	PRESIDENT AND TREASUER	15.00	Officer Director	$0	$0	$0
REBECCA DEANS ROWE	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY ROSENBERG	CLERK	3.00	Officer Director	$0	$0	$0
MATHEW YOUNG	BOARD MEMBER	1.00	Officer	$0	$0	$0
JON DELLI PRISCOLI	BOARD MEMBER	1.00	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	$13,128	$39,639	$2,293,071	$-26,511
2023	$1,808,126	$31,056	$1,804,526	$1,777,070

THE SOUTHBOROUGH HISTORICAL SOCIETYINC