GREENBANK MILL ASSOCIATES INC (EIN 510305673) - 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

1987

Legal Domicile

Principal Officer

Barbara Nelson

Phone

3029999001

Tax Period

2025-01-01 to 2025-12-31

GREENBANK MILL ASSOCIATES INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $136K in total revenue in fiscal year 2025. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $116K left a modest 15% surplus.

Mission

Greenbank Mill Associates is a non-profit organization dedicated to preserving the Greenbank Mill Historical District as a public museum and expanding public knowledge of Red Clay Valley Industrial, agricultural and social history through onsite educational and recreational programs.

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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 (2025)

Revenue Breakdown

Contributions & Grants $45,559

Program Service Revenue $5,980

Investment Income $4

Other Revenue $83,957

TOTAL REVENUE $135,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,057

Fundraising Expenses $0

Program Expenses $89,977

Other Expenses $74,451

TOTAL EXPENSES $115,508

Year-over-Year Comparison

	2025	2024	Change
Revenue	$135,500	$309,851	-0.6%
Expenses	$115,508	$58,661	+1.0%
Net Income	$19,992	$251,190	-0.9%

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
DON RICHARD	BOARD MEMBER	5	Director	$0	$0	$0
JOE MADJESKI	BOARD MEMBER	4	Director	$0	$0	$0
JIM BIMBI	BOARD MEMBER	2	Director	$0	$0	$0
HEIDI JONES	BOARD MEMBER	2	Director	$0	$0	$0
BARBARA NELSON	BOARD CHAIR	10	Officer	$0	$0	$0
COLLEEN GOLDSBOROUGH	SECRETARY-TREASURER	15	Officer	$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	$135,500	$115,508	$1,590,844	$19,992
2024	No data	No data	No data	No data
2023	$146,332	$72,409	$1,592,774	$73,923
2022	$256,948	$204,393	$2,564,672	$52,555
2021	$85,948	$137,318	$2,554,763	$-51,370
2020	$113,430	$113,772	$1,320,842	$-342
2019	$129,625	$276,919	$1,329,970	$-147,294
2018	$100,772	$100,719	$1,229,817	$53

GREENBANK MILL ASSOCIATES INC