INDEPENDENCE HISTORICAL TRUST (EIN 237179598) - 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

1972

Legal Domicile

Principal Officer

THOMAS CARAMANICO

Phone

2158614971

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENCE HISTORICAL TRUST, founded in 1972, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 11% surplus.

Mission

TO RAISE FUNDS TO FULFILL THE MISSION OF INDEPENDENCE NATIONAL HISTORICAL PARK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,776,997

Program Service Revenue $96,095

Investment Income $40,426

Other Revenue $-30,238

TOTAL REVENUE $1,883,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,769

Fundraising Expenses $219,372

Program Expenses $891,783

Other Expenses $1,336,631

TOTAL EXPENSES $1,667,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,883,280	$1,722,245	+0.1%
Expenses	$1,667,487	$1,691,933	0.0%
Net Income	$215,793	$30,312	+6.1%

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
THOMAS CARAMANICO	EXECUTIVE DI	20.00	Officer Director	$0	$0	$0
WILLIAM MARRAZZO	CHAIRMAN	10.00	Officer Director	$0	$0	$0
LEE JAMES WOOLLEY	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KAREN KAUFMAN	TREASURER	5.00	Officer Director	$0	$0	$0
THOMAS G SPENCER	SECRETARY	5.00	Officer Director	$0	$0	$0
FLORA L BECKER	BOARD MEMBER	5.00	Director	$0	$0	$0
EDWARD D'ALBA	BOARD MEMBER	5.00	Director	$0	$0	$0
THOMAS G MORR	BOARD MEMBER	5.00	Director	$0	$0	$0
JON C SIRLIN	BOARD MEMBER	5.00	Director	$0	$0	$0
ALAN MANDELOFF	BOARD MEMBER	5.00	Director	$0	$0	$0
ADRIAN MANTINI	BOARD MEMBER	5.00	Director	$0	$0	$0
OLIVER ST CLAIR FRANKLIN	BOARD MEMBER	5.00	Director	$0	$0	$0
ROSALIND REMER	BOARD MEMBER	5.00	Director	$0	$0	$0
BERNARD T SHIELDS	BOARD MEMBER	5.00	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
2024	No data	No data	No data	No data
2023	$1,883,280	$1,667,487	$5,767,042	$215,793
2022	$1,722,245	$1,691,933	$5,313,562	$30,312
2021	$1,973,857	$1,419,473	$5,798,816	$554,384
2020	$319,999	$1,521,058	$4,962,534	$-1,201,059
2019	$2,329,499	$910,109	$5,978,844	$1,419,390
2019	$2,103,908	$694,961	$5,978,844	$1,408,947
2018	$2,280,060	$402,088	$4,461,478	$1,877,972

INDEPENDENCE HISTORICAL TRUST