HISTORIC GEORGETOWN ASSOCIATION INC (EIN 510368948) - 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

1995

Legal Domicile

Principal Officer

MARTIN DONOVAN

Phone

3027450184

Tax Period

2023-01-01 to 2023-12-31

HISTORIC GEORGETOWN ASSOCIATION INC, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $14K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 295% operating deficit.

Mission

THE GEORGETOWN HISTORIC ASSOCIATION IS COMMITTED TO RESTORING AND RENOVATING THE GEORGETOWN RAILWAY DEPOT AND OTHER HISTORIC SITES IN GEORGETOWN, DE.

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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 $11,433

Program Service Revenue $0

Investment Income $3,250

Other Revenue $-285

TOTAL REVENUE $14,398

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,867

Other Expenses $56,617

TOTAL EXPENSES $56,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,398	$21,561	-0.3%
Expenses	$56,867	$48,625	+0.2%
Net Income	$-42,469	$-27,064	+0.6%

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
MARTIN DONOVAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
LYNN MOORE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TIM ABBOTT	ASST VICE PR	N/A	Officer Director	$0	$0	$0
MICHAEL DIGIACOMA	TREASURER	N/A	Officer Director	$0	$0	$0
JOAN MESSICK	SECRETARY	N/A	Officer 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	$14,398	$56,867	$702,185	$-42,469
2022	$21,561	$48,625	$789,226	$-27,064
2021	$56,094	$47,902	$822,636	$8,192
2020	$5,563	$33,851	$821,172	$-28,288

HISTORIC GEORGETOWN ASSOCIATION INC