THE HISTORICAL SOCIETY OF FREDERICK COUNTY INC (EIN 526050333) - 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

1911

Legal Domicile

Principal Officer

BRETT HANDELMAN

Phone

3016631188

Tax Period

2024-01-01 to 2024-12-31

THE HISTORICAL SOCIETY OF FREDERICK COUNTY INC, founded in 1911, is a small nonprofit in the Arts, Culture & Humanities sector that reported $726K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $628K left a modest 14% surplus.

Mission

THE HISTORICAL SOCIETY OF FREDERICK COUNTY IS A NON-PROFIT EDUCATIONAL ORGANIZATION DEDICATED TO INCREASING PUBLIC UNDERSTANDING AND APPRECIATION OF THE HISTORY OF FREDERICK COUNTY, MARYLAND.

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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 $478,789

Program Service Revenue $58,003

Investment Income $158,602

Other Revenue $30,738

TOTAL REVENUE $726,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,190

Fundraising Expenses $68,633

Program Expenses $381,543

Other Expenses $328,646

TOTAL EXPENSES $627,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$726,132	$658,655	+0.1%
Expenses	$627,836	$506,347	+0.2%
Net Income	$98,296	$152,308	-0.4%

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

$94,348

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT HANDELMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER R CLEMONS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CARL HILDEBRAND	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLES CRUM	SECRETARY	2.00	Officer Director	$0	$0	$0
NANCY BODMER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN C PIPPIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ERCOLE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN M JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
MAURA M PAGE	DIRECTOR	1.00	Director	$0	$0	$0
THERESA MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS B TROTT JR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES E REMUS II	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT D PROPHETER	EXECUTIVE DIRECTOR	40.00	Officer	$92,500	$1,848	$94,348

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	$726,132	$627,836	$3,443,039	$98,296
2023	$658,655	$506,347	$3,241,717	$152,308
2022	$390,066	$513,543	$2,942,541	$-123,477
2021	$872,016	$514,461	$3,367,192	$357,555
2020	$593,803	$354,060	$3,051,330	$239,743
2019	$702,391	$362,513	$2,796,595	$339,878
2018	$302,771	$442,700	$2,488,574	$-139,929

THE HISTORICAL SOCIETY OF FREDERICK COUNTY INC