Madison County Historical Society

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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

1900

Legal Domicile

Principal Officer

Colleen Donahue

Phone

3153634136

Tax Period

2025-01-01 to 2025-12-31

Madison County Historical Society, founded in 1900, is a small nonprofit in the Arts, Culture & Humanities sector that reported $139K in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $50K, a strong 36% operating margin.

Mission

To preserve, collect, promote and exhibit the history of Madison County and it's 15 towns and one 15 towns and one city

Program Service Accomplishments

Program 1

Expenses: $6,706 Revenue: $18,247

Craft Festival

Program 2

Expenses: $571 Revenue: $2,711

Farmers Market

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,096

Program Service Revenue $484

Investment Income $74,477

Other Revenue $2,017

TOTAL REVENUE $139,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,059

Fundraising Expenses $0

Program Expenses $13,983

Other Expenses $55,903

TOTAL EXPENSES $88,962

Year-over-Year Comparison

	2025	2024	Change
Revenue	$139,074	$181,584	-0.2%
Expenses	$88,962	$119,009	-0.3%
Net Income	$50,112	$62,575	-0.2%

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

305

Independent Members

305

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

$5,110

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUNTER P MCCULLLOUGH	Director	36.00		$18,125	$0	$18,125
GINA STANKIVITZ	Executive Director	36.00		$6,929	$0	$6,929
SAMMIJO NAREHOOD	Assistant	25.00	Key Emp	$5,110	$0	$5,110
MICHAEL GEER	Trustee	0.00	Director	$0	$0	$0
COLLEEN DONAHUE	President	0.00	Officer	$0	$0	$0
MISHELL K MAGNUSSON	Treasurer	0.00	Officer	$0	$0	$0
BRIAN BARRIS	Secretary	0.00	Officer	$0	$0	$0
CAROLYN GERAKAPOLOUS	Vice President	0.00	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	$139,074	$88,962	$1,591,061	$50,112
2024	$181,584	$119,009	$1,541,040	$62,575
2023	$606,731	$96,321	$1,076,887	$510,410
2022	$54,280	$103,077	$578,883	$-48,797
2021	$114,187	$91,835	$626,030	$22,352
2020	$75,425	$94,180	$592,351	$-18,755
2019	$103,837	$134,101	$609,485	$-30,264
2018	$107,972	$121,355	$619,001	$-13,383