SALEM HISTORICAL SOCIETY (EIN 541088887) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

SUSAN MINI

Phone

5403896760

Tax Period

2024-07-01 to 2025-06-30

SALEM HISTORICAL SOCIETY, founded in 1970, is a small nonprofit that reported $333K in total revenue in fiscal year 2019. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $300K left a modest 10% surplus.

Mission

TO PROVIDE HISTORICAL EDUCATION AND PRESERVATION PROGRAMS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $164,711

Program Service Revenue $21,596

Investment Income $17,788

Other Revenue $722

TOTAL REVENUE $204,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,728

Fundraising Expenses $14,357

Program Expenses $228,317

Other Expenses $174,059

TOTAL EXPENSES $296,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,817	$207,663	0.0%
Expenses	$296,787	$297,400	0.0%
Net Income	$-91,970	$-89,737	+0.0%

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

$98,129

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRETT CHANNELL	EXECUTIVE DIRECTOR	40.0	Key Emp	$58,910	$0	$58,910
HUNTER HASKINS	ASST EXECUTIVE DIRECTOR	40.0	Key Emp	$39,219	$0	$39,219
CARRIE OVERSTREET	DIRECTOR	1.0	Director	$0	$0	$0
ASHLEY DURKIN PELLETIER	DIRECTOR	1.0	Director	$0	$0	$0
MATTHEW POLLARD	DIRECTOR	1.0	Director	$0	$0	$0
I RAY BYRD JR	DIRECTOR	1.0	Director	$0	$0	$0
CYNTHIA MILLER	DIRECTOR	1.0	Director	$0	$0	$0
HUGH POWEL	DIRECTOR	1.0	Director	$0	$0	$0
WENDY STONE	DIRECTOR	1.0	Director	$0	$0	$0
CATHARINE WRIGHT	DIRECTOR	1.0	Director	$0	$0	$0
NELSON HARRIS	DIRECTOR	1.0	Director	$0	$0	$0
FOREST JONES	DIRECTOR	1.0	Director	$0	$0	$0
KRISTY KEGLEY	DIRECTOR	1.0	Director	$0	$0	$0
WHITNEY A M LEESON	DIRECTOR	1.0	Director	$0	$0	$0
SUSAN MINI	PRESIDENT	10.0	Officer	$0	$0	$0
SUSAN KIRBY	SECRETARY	2.0	Officer	$0	$0	$0
JIM LAUB	PRESIDENT ELECT	5.0	Officer	$0	$0	$0
TINA CARROLL	TREASURER	5.0	Officer	$0	$0	$0
ROY SMITH	PAST PRESIDENT	5.0	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	$204,817	$296,787	$3,537,512	$-91,970
2024	$207,663	$297,400	$3,599,919	$-89,737
2023	$189,090	$304,918	$3,630,209	$-115,828
2022	$244,755	$307,741	$3,700,245	$-62,986
2021	$260,374	$305,037	$3,830,741	$-44,663
2020	$333,114	$299,801	$3,763,431	$33,313

SALEM HISTORICAL SOCIETY