MIDDLETOWN HISTORICAL SOCIETY STAT… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

MARY T SANTOS

Phone

4018491870

Tax Period

2018-05-01 to 2019-04-30

MIDDLETOWN HISTORICAL SOCIETY STATE OF RHODE ISLAND is a micro nonprofit that reported $14K in total revenue in fiscal year 2018. Expenses of $23K exceeded revenue, resulting in a 60% operating deficit.

Mission

HISTORICAL PRESERVATION OF PLACES BUILDINGS PARKS AND OTHER MIDDLETOWN ARTIFACTS FOR THE ENJOYMENT OF MIDDLETOWN CITIZENS AND OTHER VISITORS TO THE TOWN

Program Service Accomplishments

Program 1

Expenses: $19,970 Revenue: $1,861

THE MIDDLETOWN HISTORICAL SOCIETY LEASES THE HISTORIC WITHERBEE SCHOOL IN MIDDLETOWN RI FOR 1 DOLLAR AND AGREES TO MAINTAIN THE BUILDING FOR HISTORICAL PURPOSES. THE SOCIETY ALSO MAINTAINS THE...

THE MIDDLETOWN HISTORICAL SOCIETY LEASES THE HISTORIC WITHERBEE SCHOOL IN MIDDLETOWN RI FOR 1 DOLLAR AND AGREES TO MAINTAIN THE BUILDING FOR HISTORICAL PURPOSES. THE SOCIETY ALSO MAINTAINS THE PARADISE FACILITY.

Program 2

Expenses: $1,112 Revenue: $82

THE SOCIETY MAINTAINS AND CONSERVES A COLONIAL ERA WINDMILL. THE SOCIETY HAS MADE SIGNIFICANT RENOVATIONS TO PRESERVE THE STRUCTURE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $14,171

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $50

Program Expenses $21,082

Other Expenses $22,718

TOTAL EXPENSES $22,718

Year-over-Year Comparison

	2018	2017	Change
Revenue	$14,171	N/A	N/A
Expenses	$22,718	N/A	N/A
Net Income	$-8,547	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

N/A

Volunteers

N/A

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
MARY T SANTOS	TREASURER	10.00	Officer Director	$0	$0	$0
MARY DENNIS	PRESIDENT	10.00	Officer Director	$0	$0	$0
WILLIAM NEDDERMAN	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MARY CLARK	SECRETARY	10.00	Officer Director	$0	$0	$0
PATRICIA CONNORS	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES DITUCCI	DIRECTOR	5.00	Director	$0	$0	$0
ANNA HELIETT	DIRECTOR	5.00	Director	$0	$0	$0
BETTY JANE OWEN	DIRECTOR	5.00	Director	$0	$0	$0
MARY REDGATE	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINA ALVERNAS	DIRECTOR	5.00	Director	$0	$0	$0
GARY PAQUETTE	DIRECTOR	5.00	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
2019	$14,171	$22,718	$742,945	$-8,547
2018	$23,465	$18,340	$751,492	$5,125

MIDDLETOWN HISTORICAL SOCIETY STATE OF RHODE ISLAND