SHIPPENSBURG HISTORICAL SOCIETY INC (EIN 236298327) - 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

1986

Legal Domicile

Principal Officer

MIKE FAGUE

Phone

7175326727

Tax Period

2024-01-01 to 2024-12-31

SHIPPENSBURG HISTORICAL SOCIETY INC, founded in 1986, is a small nonprofit that reported $102K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $117K exceeded revenue, resulting in a 15% operating deficit.

Mission

COLLECTION, PRESERVATION AND RESEARCH RELATED TO THE HISTORY OF SHIPPENSBURG, PENNSYLVANIA

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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 $69,264

Program Service Revenue $530

Investment Income $21,924

Other Revenue $10,144

TOTAL REVENUE $101,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,353

Fundraising Expenses $1,107

Program Expenses $86,322

Other Expenses $72,116

TOTAL EXPENSES $117,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,862	$82,614	+0.2%
Expenses	$117,469	$110,989	+0.1%
Net Income	$-15,607	$-28,375	-0.4%

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

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

$42,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY WAGAMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROLYN REDDIG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBERLY SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK METCALF	DIRECTOR	2.00	Director	$0	$0	$0
BOB SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE FAGUE	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY COY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$42,000	$0	$42,000

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	$101,862	$117,469	$923,029	$-15,607
2023	$82,614	$110,989	$936,072	$-28,375
2022	$33,949	$91,062	$960,119	$-57,113
2021	$110,435	$88,300	$1,029,281	$22,135
2020	$86,194	$82,604	$1,010,018	$3,590
2019	$63,485	$68,808	$999,845	$-5,323
2018	$60,391	$127,969	$977,296	$-67,578
2018	$52,313	$92,381	$998,031	$-40,068

SHIPPENSBURG HISTORICAL SOCIETY INC