SEARS HOUSE ASSOCIATION INC (EIN 311717127) - 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

2000

Legal Domicile

Principal Officer

RICHARD D BATCHELDER JR

Phone

6172271731

Tax Period

2024-04-01 to 2025-03-31

SEARS HOUSE ASSOCIATION INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $333K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE ORGANIZATION IS DESIGNATED TO PRESERVE, PROTECT AND RESTORE OLD AND HISTORIC STRUCTURES IN BOSTON, MASSACHUSETTS AND ITS SURROUNDING AREA, INCLUDING THE SOMERSET CLUB BUILDING, IN ORDER TO PERPETUATE THE FURTHER EDUCATION OF POSTERITY IN THE ARCHITECTURAL, HISTORIC AND GENERAL CULTURAL HERITAGE OF BOSTON, MASSACHUSETTS.

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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 $207,425

Program Service Revenue $0

Investment Income $6,245

Other Revenue $50,000

TOTAL REVENUE $263,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,766

Program Expenses $318,583

Other Expenses $333,256

TOTAL EXPENSES $333,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,670	$593,469	-0.6%
Expenses	$333,256	$666,811	-0.5%
Net Income	$-69,586	$-73,342	-0.1%

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
RICHARD D BATCHELDER JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALASTAIR ADAM	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN J PELLEGRINO	SECRETARY/CLERK	1.00	Officer Director	$0	$0	$0
VIN CIPOLLA EFF 924	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FOWLER UNTIL 924	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HARMON	DIRECTOR	1.00	Director	$0	$0	$0
RONALD SKATES	DIRECTOR	1.00	Director	$0	$0	$0
THERESA M STONE	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	$263,670	$333,256	$6,519,221	$-69,586
2024	$593,469	$666,811	$6,822,415	$-73,342
2023	$75,304	$327,514	$7,447,224	$-252,210
2022	$152,114	$327,490	$7,749,435	$-175,376
2021	$143,504	$327,358	$7,973,067	$-183,854
2020	$141,878	$326,686	$8,306,247	$-184,808
2019	$111,272	$323,660	$8,536,554	$-212,388

SEARS HOUSE ASSOCIATION INC