IRISH AMERICAN HERITAGE CENTER

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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

1976

Legal Domicile

Principal Officer

THOMAS CHAMBERS

Phone

7732827035

Tax Period

2023-01-01 to 2023-12-31

IRISH AMERICAN HERITAGE CENTER, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $593K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $849K exceeded revenue, resulting in a 43% operating deficit.

Mission

The mission of the Irish American heritage center is to nurture and strengthen Irish culture and heritage through programs emphasizing Irish music, literature, drama, traditional dancing, fine arts and the constructive contributions of the Irish and Irish-American to the United States of America.

Program Service Accomplishments

Program 1

Expenses: $576,138

ADVANCEMENT OF IRISH AMERICAN CULTURE

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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 $363,653

Program Service Revenue $28,234

Investment Income $8,883

Other Revenue $192,547

TOTAL REVENUE $593,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,409

Fundraising Expenses $85,846

Program Expenses $576,138

Other Expenses $563,894

TOTAL EXPENSES $849,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,317	$702,566	-0.2%
Expenses	$849,303	$682,371	+0.2%
Net Income	$-255,986	$20,195	-13.7%

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

Total Directors

$113,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET A BUCHANAN	Executive Dir.	40.00	Director	$113,391	$0	$113,391
EILEEN RYAN	Vice President	0.00	Officer Director	$0	$0	$0
THOMAS CHAMBERS	President	3.00	Officer Director	$0	$0	$0
MARTIN MCDONAGH	Treasurer	3.00	Officer Director	$0	$0	$0
ANNE MARIE HERLEHY	Secretary	3.00	Officer Director	$0	$0	$0
THOMAS HERION	Director	0.00	Director	$0	$0	$0
MIKE LEPORE	Director	0.00	Director	$0	$0	$0
MICHAEL GALVIN	Director	1.00	Director	$0	$0	$0
CAROLINE HENNESSY	Director	1.00	Director	$0	$0	$0
MEAGHAN MCDONAGH	Director	1.00	Director	$0	$0	$0
SEAN MCDONOUGH	Director	0.00	Director	$0	$0	$0
JEANNE SCHULTZ ANGEL	Director	0.00	Director	$0	$0	$0
KI WOLF SMITH	Director	0.00	Director	$0	$0	$0
DOMINICK OWENS	Director	1.00	Director	$0	$0	$0
MOIRA CAHILL	Director	0.00	Director	$0	$0	$0
JACOB RODRIGUEZ	Director	1.00	Director	$0	$0	$0
DOMINICK MULCRONE	Director	0.00	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
2024	No data	No data	No data	No data
2023	$593,317	$849,303	$2,046,767	$-255,986
2022	$702,566	$682,371	$2,405,038	$20,195
2022	$881,828	$863,176	$2,594,301	$18,652
2021	$1,529,177	$1,083,851	$2,416,731	$445,326
2021	$1,154,992	$610,201	$2,480,528	$544,791
2020	$785,754	$900,231	$1,879,937	$-114,477
2019	$1,370,239	$1,780,006	$1,633,592	$-409,767