GLOUCESTER MEETINGHOUSE FOUNDATION INC (EIN 474519160) - 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

2015

Legal Domicile

Principal Officer

RICHARD G PROUTY

Phone

9784687338

Tax Period

2024-01-01 to 2024-12-31

GLOUCESTER MEETINGHOUSE FOUNDATION INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $340K in total revenue in fiscal year 2024. The organization ran a surplus of $237K, a strong 70% operating margin.

Mission

TO FULLY RESTORE THE GLOUCESTER MEETINGHOUSE BUILDING, AN ARCHITECTURAL MASTERPIECE BUILT FOR THE FIRST UNIVERSALIST CHURCH IN AMERICA IN 1806, TO THE HIGHEST PRESERVATION AND CLEAN-ENERGY STANDARDS SO THAT IT MAY CONTINUE TO SERVE OUR COMMUNITY FOR CENTURIES TO COME.

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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 $257,050

Program Service Revenue $82,675

Investment Income $0

Other Revenue $0

TOTAL REVENUE $339,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,168

Fundraising Expenses $2,564

Program Expenses $81,474

Other Expenses $95,178

TOTAL EXPENSES $102,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,725	N/A	N/A
Expenses	$102,346	N/A	N/A
Net Income	$237,379	N/A	N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES L NAZARIAN	PRESIDENT	1.00	Officer	$0	$0	$0
RICHARD G PROUTY	TREASURER	1.00	Officer	$0	$0	$0
KAREN NEVA BELL	SECETARY	1.00	Officer	$0	$0	$0
JERRY ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JJ BELL	DIRECTOR	1.00	Director	$0	$0	$0
PETER CALKINS	DIRECTOR	1.00	Director	$0	$0	$0
JANET PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER ATWOOD	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
2024	$339,725	$102,346	$714,448	$237,379
2022	$252,204	$112,095	$465,516	$140,109
2019	$296,283	$104,879	$344,296	$191,404
2018	$238,083	$144,425	$155,547	$93,658

GLOUCESTER MEETINGHOUSE FOUNDATION INC