THE HANFORD MILLS MUSEUM AT EAST M… - 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

1973

Legal Domicile

Principal Officer

KAJSA M HARLEY

Phone

6072785744

Tax Period

2023-01-01 to 2023-12-31

THE HANFORD MILLS MUSEUM AT EAST MEREDITH, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $745K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $708K left a modest 5% surplus.

Mission

Hanford Mills Museum operates an authentic water and steam-powered historic site. We inspire audiences of all ages to explore connections among energy, technology, natural resources and entrepreneurship in rural communities, with a focus on sustainable choices.

Program Service Accomplishments

Program 1

Expenses: $536,990 Revenue: $50,581

THE HANFORD MILLS MUSEUM AT EAST MEREDITH, SITUATED ON A 175 YEAR OLD MILL SITE IN EAST MEREDITH, NY, IS AN OPERATING HISTORIC MILL MUSEUM WHICH FEATURES SAW MILLING AND GRIST MILLING, AS WELL AS THE WATER POWERED PRODUCTION OF WOOD PRODUCTS. HANFORD MILLS MUSEUM HAS PUBLIC EVENTS AND EDUCATIONAL PROGRAMS DESIGNED FOR ALL CLASS LEVELS, K-12. THE MUSEUM HAS OVER 70 ACRES AND 16 HISTORIC BUILDINGS. THERE IS A WORKING WATER POWERED SAWMILL, GRISTMILL AND WOODWORKING SHOP, A 15 MINUTE ORIENTATION VIDEO, MANY DIFFERENT EXHIBITS, AND THE JOHN HANFORD FARMSTEAD COMPLEX. CROP PROGRAM: 218 PROGRAMS IMPLEMENTED (2,126 TOTAL STUDENT INTERACTIONS) Education Outreach Initiatives: 74 PROGRAMS IMPLEMENTED (911 STUDENT INTERACTIONS) Public programs: 6 EVENTS TOOK PLACE DURING THE 2023 SEASON, EACH WITH A THEME THAT CONNECTED TO THE MUSEUM'S MISSION AND THAT BROUGHT IN LOCAL ARTISTS, CRAFTSPEOPLE, AND PARNTER ORGANIZATIONS.

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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 $650,089

Program Service Revenue $50,581

Investment Income $29,168

Other Revenue $15,224

TOTAL REVENUE $745,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $421,320

Fundraising Expenses $25,240

Program Expenses $536,990

Other Expenses $286,209

TOTAL EXPENSES $707,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$745,062	$689,866	+0.1%
Expenses	$707,529	$579,993	+0.2%
Net Income	$37,533	$109,873	-0.7%

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

$68,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAJSA M HARLEY	Executive Dir.	40.00	Officer	$57,139	$11,611	$68,750
David Brower	Trustee	1.00	Director	$0	$0	$0
Adriene Clifford	Treasurer	2.00	Officer Director	$0	$0	$0
Steve Oles	Trustee	1.00	Director	$0	$0	$0
TED MARTIN	Trustee	1.00	Director	$0	$0	$0
GLENDA ROBERTS	President	2.00	Officer Director	$0	$0	$0
DUANE STURDEVANT	Trustee	1.00	Director	$0	$0	$0
Peter Blue	Trustee	1.00	Director	$0	$0	$0
SHELLY JONES	Co-Secretary	2.00	Officer Director	$0	$0	$0
Mark Roberts	Trustee	1.00	Director	$0	$0	$0
BARBARA STURDEVANT	Vice President	2.00	Officer Director	$0	$0	$0
PAUL DEANDREA	Trustee	1.00	Director	$0	$0	$0
KATHLEEN GERAGHTY	Trustee	1.00	Director	$0	$0	$0
LIZABETHE KRONYAK	Trustee	1.00	Director	$0	$0	$0
SEAN ROBINSON	Trustee	1.00	Director	$0	$0	$0
CHARLOTTE HILL	CO-SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$745,062	$707,529	$2,431,586	$37,533
2022	$689,866	$579,993	$2,419,346	$109,873
2021	$866,123	$689,711	$2,330,233	$176,412
2020	$659,517	$636,023	$2,214,917	$23,494
2019	$731,339	$650,142	$2,123,611	$81,197
2018	$695,862	$612,280	$2,068,418	$83,582

THE HANFORD MILLS MUSEUM AT EAST MEREDITH