HISTORICAL SOCIETY OF MARTIN COUNTY INC (EIN 590913326) - 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

1956

Legal Domicile

Principal Officer

ROBERT STEELE

Phone

7722251961

Tax Period

2024-07-01 to 2025-06-30

HISTORICAL SOCIETY OF MARTIN COUNTY INC, founded in 1956, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF THE ELLIOTT MUSEUM IS TO ENRICH THE COMMUNITY THROUGH A WIDE VARIETY OF EXHIBITS, COLLECTIONS, CLASSES AND LECTURES, ALL DESIGNED TO SERVE THE INTERESTS OF THE PEOPLE WHO LIVE IN AND VISIT THE TREASURE COAST.

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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 $518,057

Program Service Revenue $781,229

Investment Income $100,031

Other Revenue $385,947

TOTAL REVENUE $1,785,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $976,407

Fundraising Expenses $307,121

Program Expenses $1,546,172

Other Expenses $1,234,621

TOTAL EXPENSES $2,211,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,785,264	$1,956,166	-0.1%
Expenses	$2,211,028	$2,246,564	0.0%
Net Income	$-425,764	$-290,398	+0.5%

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

100

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

$151,164

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT STEELE	PRESIDENT &	40.00	Officer	$151,164	$0	$151,164
FRED BARLETT	DIRECTOR	1.00	Officer Director	$0	$0	$0
C MICHAEL CORNELY	DIRECTOR	1.00	Director	$0	$0	$0
FERNANDO GIACHINO	DIRECTOR	0.50	Director	$0	$0	$0
LLOYD JONES	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN MICHAUD	DIRECTOR	6.00	Director	$0	$0	$0
ALLAN MOSTOFF	DIRECTOR	2.00	Director	$0	$0	$0
XAVIER QUINONES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH VICINI	DIRECTOR	2.00	Director	$0	$0	$0
AARON WOJCIESZAK	DIRECTOR	0.50	Director	$0	$0	$0
SARAH WOODS	DIRECTOR	1.00	Director	$0	$0	$0
RICK ZURICH	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DEBRA DUVALL	CHAIRMAN	3.00	Officer	$0	$0	$0
RACHELLE GRADY	SECRETARY	2.00	Officer	$0	$0	$0
ERIC HASS	VICE CHARIMA	2.00	Officer	$0	$0	$0
DAVID MARLEY	TREASURER	3.00	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	$1,785,264	$2,211,028	$12,899,645	$-425,764
2024	$1,934,369	$2,224,767	$13,486,058	$-290,398
2023	$1,846,061	$1,935,374	$13,565,886	$-89,313
2022	$2,232,312	$1,665,852	$13,660,290	$566,460
2021	$1,282,990	$1,441,150	$13,078,765	$-158,160
2020	$838,648	$1,575,159	$13,485,231	$-736,511
2019	$1,032,872	$1,390,415	$13,754,102	$-357,543
2018	$1,015,369	$1,555,682	$14,378,807	$-540,313

HISTORICAL SOCIETY OF MARTIN COUNTY INC