HAMMOND-HARWOOD HOUSE ASSOCIATION INC (EIN 520607900) - 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

1938

Legal Domicile

Principal Officer

BARBARA GOYETTE

Phone

4102634683

Tax Period

2024-01-01 to 2024-12-31

HAMMOND-HARWOOD HOUSE ASSOCIATION INC, founded in 1938, is a small nonprofit in the Arts, Culture & Humanities sector that reported $485K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $10.3M represent 255 months of operating reserves.

Mission

THE MISSION OF THE HAMMOND-HARWOOD HOUSE ASSOCIATION IS TO PRESERVE, FOR PUBLIC EDUCATION AND ENJOYMENT, THE ARCHITECTURALLY SIGNIFICANT HAMMOND-HARWOOD HOUSE MUSEUM AND ITS COLLECTION OF FINE AND DECORATIVE ARTS.

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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 $252,778

Program Service Revenue $21,262

Investment Income $139,001

Other Revenue $72,233

TOTAL REVENUE $485,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,999

Fundraising Expenses $53,024

Program Expenses $278,686

Other Expenses $288,352

TOTAL EXPENSES $512,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,274	$367,244	+0.3%
Expenses	$512,351	$437,476	+0.2%
Net Income	$-27,077	$-70,232	-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

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA GOYETTE	EXECUTIVE DIRECTOR	040.00	Officer	$70,000	$0	$70,000
ROBERT BIDDLE	DIRECTOR	002.00	Director	$0	$0	$0
MARY BYRNS	DIRECTOR	002.00	Director	$0	$0	$0
LARRY M CLAUSSEN	DIRECTOR	002.00	Director	$0	$0	$0
JIM DOLEZAL	DIRECTOR	002.00	Director	$0	$0	$0
BUD DUCKETT	DIRECTOR	002.00	Director	$0	$0	$0
KYLE GERMAN	TREASURER	002.00	Officer Director	$0	$0	$0
ERIC GROFT	DIRECTOR	002.00	Director	$0	$0	$0
MADELEINE HUGHES	DIRECTOR	002.00	Director	$0	$0	$0
PAMELA MCKEE	DIRECTOR	002.00	Director	$0	$0	$0
MICHAEL PARKER	DIRECTOR	002.00	Director	$0	$0	$0
DAVID PEA	DIRECTOR	002.00	Director	$0	$0	$0
AMY REESE	SECRETARY	002.00	Officer Director	$0	$0	$0
JULIE ROSE	DIRECTOR	002.00	Director	$0	$0	$0
DONNA F SCHEIN	DIRECTOR	002.00	Director	$0	$0	$0
DAVID J WEYMER	PRESIDENT	002.00	Officer Director	$0	$0	$0
JOYCE WHITE	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
CLIONA O'CALLAGHAN	DIRECTOR	002.00	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	$485,274	$512,351	$10,322,605	$-27,077
2023	$367,244	$437,476	$9,963,349	$-70,232
2022	$356,139	$462,337	$9,558,533	$-106,198
2021	$1,584,600	$397,956	$10,329,680	$1,186,644
2020	$242,798	$321,725	$9,242,944	$-78,927
2019	$368,316	$326,129	$8,779,468	$42,187
2018	$266,424	$371,785	$8,444,328	$-105,361

HAMMOND-HARWOOD HOUSE ASSOCIATION INC