Black River Historical Society (EIN 237193231) - 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

1975

Legal Domicile

Principal Officer

Georgia Brehm

Phone

8022285050

Tax Period

2023-01-01 to 2023-12-31

Black River Historical Society, founded in 1975, is a micro nonprofit that reported $40K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 132% operating deficit.

Mission

To keep alive the history of the area, operate a museum, preserve a nationally historic building, run educational, cultural and historic programs in the Black River

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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 $31,817

Program Service Revenue $368

Investment Income $217

Other Revenue $7,884

TOTAL REVENUE $40,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,078

Fundraising Expenses $0

Program Expenses $82

Other Expenses $48,253

TOTAL EXPENSES $93,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,286	$50,763	-0.2%
Expenses	$93,331	$89,772	+0.0%
Net Income	$-53,045	$-39,009	+0.4%

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
Sharon Bixby VP	PO Box 195, Ludlow, VT 05149	1.00	Officer	$0	$0	$0
Stephanie Rowe	12 Center St, Springfield, VT 05156	1.00	Director	$0	$0	$0
Joan Merrill Treasurer	128 N Cross Hill Rd, Ludlow, VT 05149	1.00	Officer	$0	$0	$0
Sue Pollender President	606 Commonwealth Ave, Ludlow, VT 05149	1.00	Officer	$0	$0	$0
Georgia Brehm Executive Director	15 Meadow St, Ludlow, VT 05149	20.00	Highest	$39,000	$0	$39,000
Lorraine Hughes Secretary	18 Meadow Ln, Ludlow, VT 05149	1.00	Officer	$0	$0	$0
Joyce Washburn Trustee	1 Washburn Ln, Ludlow, VT 05149	1.00	Director	$0	$0	$0
Frank Ellison Trustee	5 Meadow St, Ludlow, VT 05149	1.00	Director	$0	$0	$0
Paula Ferro	PO Box 73, Ludlow, VT 05149	1.00	Director	$0	$0	$0
Heidi Baitz Trustee	210 Preedom Hill, Ludlow, VT 05149	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
2023	$40,286	$93,331	$674,007	$-53,045
2022	$50,763	$89,772	$727,047	$-39,009
2021	$57,245	$98,092	$768,981	$-40,847
2020	$66,358	$83,546	$810,170	$-17,188
2019	$46,323	$89,904	$827,219	$-43,581
2018	$55,684	$91,546	$870,216	$-35,862

Black River Historical Society