NEWCOMB HISTORICAL MUSEUM

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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

2020

Legal Domicile

Principal Officer

DON SEAUVAGEAU

Phone

5185822274

Tax Period

2024-01-01 to 2024-12-31

NEWCOMB HISTORICAL MUSEUM, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $230K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 20% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO SAFEGUARD AND SHARE EXISTING AND FUTURE COLLECTIONS RELATED TO THE SOCIAL, CULTURAL, AND ECONOMIC HISTORY OF THE HIGH PEAKS ADIRONDACK REGION IN AND AROUND THE TOWNSHIP OF NEWCOMB IN ESSEX COUNTY, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $183,422 Revenue: $1,208

THE NEWCOMB HISTORICAL MUSEUM IS DEDICATED TO COLLECTING, CONSERVING, EXHIBITING, AND INTERPRETING APPROPRIATE AND HISTORICALLY SIGNIFICANT ARTIFACTS AND REPRODUCTIONS, SUPPORTING AND PROMOTING...

THE NEWCOMB HISTORICAL MUSEUM IS DEDICATED TO COLLECTING, CONSERVING, EXHIBITING, AND INTERPRETING APPROPRIATE AND HISTORICALLY SIGNIFICANT ARTIFACTS AND REPRODUCTIONS, SUPPORTING AND PROMOTING AWARENESS, AND UNDERSTANDING AND APPRECIATING THE DIVERSE CONTRIBUTIONS OF ITS CITIZENRY. THE MUSEUM IS ALSO DEDICATED TO ENCOURAGING HISTORICAL AND GENELOGICAL RESEARCH, DEVELOPING A VARIETY OF EDUCATIONAL PROGRAMMING FOR SCHOOLS AND THE GENERAL PUBLIC, AND PROVIDING CULTURAL ENRICHMENT FOR RESIDENTS OF AND VISITORS TO THE ADIRONDACK PARK.

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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 $228,623

Program Service Revenue $0

Investment Income $1,208

Other Revenue $0

TOTAL REVENUE $229,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,266

Fundraising Expenses $0

Program Expenses $183,422

Other Expenses $55,156

TOTAL EXPENSES $183,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,831	$230,909	0.0%
Expenses	$183,422	$177,318	+0.0%
Net Income	$46,409	$53,591	-0.1%

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

$57,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE DEMERS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA KEARNS	DIRECTOR	1.00	Director	$0	$0	$0
TOM HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
LIZ MCGUINNESS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MONTANYE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TRACY	DIRECTOR	1.00	Director	$0	$0	$0
JILL VALLEE	DIRECTOR	1.00	Director	$0	$0	$0
WESTER MIGA	DIRECTOR	1.00	Director	$0	$0	$0
DON SEAUVAGEAU	PRESIDENT	2.00	Officer	$0	$0	$0
RUTH OLBERT	VICE PRESIDENT	2.00	Officer	$0	$0	$0
FRANCES CUMMINGS	SECRETARY	2.00	Officer	$0	$0	$0
JAY MARTIN	TREASURER	2.00	Officer	$0	$0	$0
JOAN BURKE	MUSEUM DIRECTOR	40.00	Key Emp	$57,200	$0	$57,200

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	$229,831	$183,422	$172,368	$46,409
2023	$230,909	$177,318	$126,184	$53,591
2022	$217,279	$146,554	$72,176	$70,725