NICHOLSON HERITAGE ASSOCIATION

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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

1989

Legal Domicile

Principal Officer

ROBERT GRITMAN

Phone

5709424578

Tax Period

2024-01-01 to 2024-12-31

NICHOLSON HERITAGE ASSOCIATION, founded in 1989, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE NICHOLSON HERITAGE ASSOCIATION IS A NON-PROFIT ORGANIZATION DEDICATED TO THE HISTORICAL PRESERVATION OF NICHOLSON, PENNSYLVANIA, A SMALL RURAL TOWN NESTLED IN WYOMING COUNTY AND THE ENDLESS MOUNTAINS OF NORTHEASTERN PENNSYLVANIA, AND THE SURROUNDING REGION.

Program Service Accomplishments

Program 1

PRESERVATION OF RAILROAD STATION AND HISTORICAL INFORMATION REGARDING NICHOLSON BOROUGH

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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 $12,934

Program Service Revenue $0

Investment Income $11

Other Revenue $248

TOTAL REVENUE $13,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,914

Other Expenses $19,434

TOTAL EXPENSES $19,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,193	$17,373	-0.2%
Expenses	$19,434	$19,987	0.0%
Net Income	$-6,241	$-2,614	+1.4%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRITMAN	CHAIR	N/A	Officer	$0	$0	$0
JOAN JENKINS	SECRETARY	N/A	Officer	$0	$0	$0
RICHARD LOCHEN JR	TREASURER	N/A	Officer	$0	$0	$0
JOSH STULL	VICE CHAIR	N/A	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	No data	No data	No data	No data
2024	$13,193	$19,434	$289,277	$-6,241
2023	$17,373	$19,987	$295,521	$-2,614
2022	$28,054	$8,762	$318,134	$19,292
2021	$55,107	$8,468	$308,842	$46,639
2020	$33,533	$10,019	$262,203	$23,514
2019	$27,361	$2,501	$233,168	$24,860
2018	$9,833	$3,474	$198,308	$6,359