NEW HARTFORD HISTORICAL SOCIETY INC

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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

NATALIE SIHPOL

Phone

8603796894

Tax Period

2024-01-01 to 2024-12-31

NEW HARTFORD HISTORICAL SOCIETY INC, founded in 1973, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $34K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO EXHIBIT AND PRESERVE MATERIALS RELATED TO THE HISTORY OF NEW HARTFORD, CT.

Program Service Accomplishments

Program 1

Expenses: $30,041 Revenue: $208

TO EXHIBIT AND PRESERVE MATERIALS RELATING TO THE HISTORY OF NEW HARTFORD, CT. TO RESEARCH, PRODUCE AND PUBLISH ITEMS OF HISTORICAL INTEREST. TO HOST EVENTS AND PROMOTE UNDERSTANDING AND APPRECIATION OF THE LIFE AND HISTORY OF THE NEW HARTFORD COMMUNITY. THE HISTORICAL SOCIETY PROVDES RESEARCH SUPPORT. IN ADDITION, THE FOCUS OF THE ORGANIZATION HAS BEEN IN DIGITIZING CERTAIN COLLECTIONS FOR EASE OF ACCESS AND UPDATING THE ACCESSIONS LISTS AND ARTIFACT INVENTORY. THIS AIDS BOTH RESEARCH AND ABILITY TO GIVE FUTURE PRESENTATIONS.

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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 $4,258

Program Service Revenue $0

Investment Income $29,667

Other Revenue $0

TOTAL REVENUE $33,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,041

Other Expenses $39,580

TOTAL EXPENSES $39,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,925	$92,609	-0.6%
Expenses	$39,580	$36,139	+0.1%
Net Income	$-5,655	$56,470	-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
CHRISTOPHER SIHPOL	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNE HALL	SECRETARY	2.00	Officer Director	$0	$0	$0
NATALIE SIHPOL	TREASURER	2.00	Officer Director	$0	$0	$0
VIRGINIA WORREST	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CASTONGUAY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER RANKIN	DIRECTOR	1.00	Director	$0	$0	$0
MARGO KRIMMEL	DIRECTOR	1.00	Director	$0	$0	$0
DONNA HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BRETT	DIRECTOR	1.00	Director	$0	$0	$0
DONNA LAPLANTE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE BAILEY	DIRECTOR	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	No data	No data	No data	No data
2024	$33,925	$39,580	$964,619	$-5,655
2023	$92,609	$36,139	$903,976	$56,470
2022	$52,035	$41,373	$810,813	$10,662
2021	$29,832	$38,386	$927,360	$-8,554
2020	$6,540	$22,317	$295,026	$-15,777
2019	$32,675	$549,794	$310,803	$-517,119
2018	$23,842	$36,094	$827,922	$-12,252