HISTORICAL & GENEALOGICAL SOCIETY OF SOMERSET COUNTY (EIN 237322243) - 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

1959

Legal Domicile

Principal Officer

LISA BITTNER

Phone

8144456077

Tax Period

2023-01-01 to 2023-12-31

HISTORICAL & GENEALOGICAL SOCIETY OF SOMERSET COUNTY, founded in 1959, is a small nonprofit in the Arts, Culture & Humanities sector that reported $239K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $1.9M represent 94 months of operating reserves.

Mission

THE HISTORICAL AND GENEALOGICAL SOCIETY OF SOMERSET COUNTY IS THE STEWARD OF THE CULTURAL HERITAGE OF SOMERSET COUNTY THROUGH ITS HISTORICAL COLLECTIONS, EDUCATIONAL PROGRAMS, AND GENEALOGICAL ARCHIVES.

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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 $74,448

Program Service Revenue $120,140

Investment Income $41,284

Other Revenue $2,963

TOTAL REVENUE $238,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,397

Fundraising Expenses $2,230

Program Expenses $223,815

Other Expenses $120,397

TOTAL EXPENSES $241,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,835	$350,899	-0.3%
Expenses	$241,794	$229,875	+0.1%
Net Income	$-2,959	$121,024	-1.0%

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

374

Independent Members

374

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
CHRIS ZANONI	SECRETARY	5.00	Officer Director	$0	$0	$0
PAMELA TOKAR-ICKES	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
LISA BITTNER	PRESIDENT	5.00	Officer Director	$0	$0	$0
DEAN HOTTLE	TREASURER	5.00	Officer 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	$238,835	$241,794	$1,866,150	$-2,959
2022	$350,899	$229,875	$1,817,878	$121,024
2021	$276,690	$196,811	$1,836,229	$79,879
2020	$186,004	$123,937	$1,666,622	$62,067
2019	$246,853	$211,913	$1,533,314	$34,940
2018	$178,885	$193,995	$1,361,893	$-15,110

HISTORICAL & GENEALOGICAL SOCIETY OF SOMERSET COUNTY