Essex County Museum & Historical Society Inc (EIN 541818556) - 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

1996

Legal Domicile

Principal Officer

Timothy Manley

Phone

8044434690

Tax Period

2024-01-01 to 2024-12-31

ESSEX COUNTY MUSEUM AND HISTORICAL SOCIETY INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $186K in total revenue in fiscal year 2020. The organization ran a surplus of $110K, a strong 59% operating margin.

Mission

Research preserve history of Essex County VA and provide displays presentations publications education to visitors county citizens

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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 $93,913

Program Service Revenue $0

Investment Income $284

Other Revenue $28,563

TOTAL REVENUE $122,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,708

Fundraising Expenses $21,896

Program Expenses $29,956

Other Expenses $52,325

TOTAL EXPENSES $154,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,760	$140,339	-0.1%
Expenses	$154,033	$171,920	-0.1%
Net Income	$-31,273	$-31,581	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

N/A

Independent Members

N/A

Employees

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
KARIN ANDREWS	Director	Director	$0	$0	$0
KAY CARLTON	Director	Director	$0	$0	$0
PATRICIA HAILE	Director	Director	$0	$0	$0
ANNE JACKSON	Director	Director	$0	$0	$0
HOWARD REISINGER	Director	Director	$0	$0	$0
BUD SMITH	Director	Director	$0	$0	$0
HILL WELLFORD	Director	Director	$0	$0	$0
BARBARA SETHMAN	Past President	Director	$0	$0	$0
TIM MANLEY	Executive Director	Director	$0	$0	$0
WRIGHT ANDREWS	President	Officer	$0	$0	$0
SHIRLEY ZORINE	1st VP	Officer	$0	$0	$0
BILL CROXTON	2nd VP	Officer	$0	$0	$0
DOROTHY MILLER	Treasurer	Officer	$0	$0	$0
MEREDITH TRIBLE	Secretary	Officer	$0	$0	$0
CARL STROCK	Past President	Officer	$0	$0	$0
STANLEY CLARKE	Director	Officer	$0	$0	$0
RONALD GILL	Finance Chair	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
2024	$122,760	$154,033	$824,498	$-31,273
2023	$140,339	$171,920	$870,767	$-31,581
2022	$294,159	$191,277	$886,028	$102,882
2021	$213,949	$153,505	$810,218	$60,444
2020	$185,768	$75,834	$728,357	$109,934

Essex County Museum & Historical Society Inc