SWEAT MORIN HOMESTEAD (EIN 931370237) - 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

2023

Legal Domicile

Principal Officer

Lawrence K Furbish

Phone

2074906840

Tax Period

2024-01-01 to 2024-12-31

SWEAT MORIN HOMESTEAD, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $298K exceeded revenue, resulting in a 12% operating deficit.

Mission

Create and operate an historic site/museum on a 1786 property in Sanford, Maine which was the original home of the first Congregational minister, Moses Sweat. Extensive restoration and renovation to the house, barn, cematary and outbuildings is needed before the site can be opened to the public. The purpose is to allow the public to learn about life in rural colonial Maine.

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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 $265,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297,713

Other Expenses $297,713

TOTAL EXPENSES $297,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,000	$300,000	-0.1%
Expenses	$297,713	$239,926	+0.2%
Net Income	$-32,713	$60,074	-1.5%

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

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Yuill	Director	1.0	Director	$0	$0	$0
Brian Desrochers	Director	0.25	Director	$0	$0	$0
David Jagger	Director	1.5	Director	$0	$0	$0
Lawrence K Furbish	President	3	Officer	$0	$0	$0
Al Pollard	Vice-President	1	Officer	$0	$0	$0
Barbara Sutcliffe	Treasurer	2	Officer	$0	$0	$0
Craig McMurray	Secretary	1	Officer	$0	$0	$0
Hazen Carpenter	Project Manager	5	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	$265,000	$297,713	$27,361	$-32,713
2023	$300,000	$239,926	$60,074	$60,074

SWEAT MORIN HOMESTEAD