THE WAUKEGAN HISTORICAL SOCIETY INC (EIN 237037876) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

LORI A NERHEIM

Phone

8473361859

Tax Period

2024-01-01 to 2024-12-31

THE WAUKEGAN HISTORICAL SOCIETY INC, founded in 1968, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 624% from the prior year, signaling strong growth momentum. The organization ran a surplus of $804K, a strong 58% operating margin.

Mission

TO PROMOTE AND PRESERVE THE LONG AND VARIED HISTORY OF THE CITY OF WAUKEGAN, ILLINOIS. THE SOCIETY IS AN ALL VOLUNTEER ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,362,232

Program Service Revenue $998

Investment Income $14,548

Other Revenue $0

TOTAL REVENUE $1,377,778

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $554,547

Other Expenses $74,201

TOTAL EXPENSES $574,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,377,778	$190,237	+6.2%
Expenses	$574,201	$80,758	+6.1%
Net Income	$803,577	$109,479	+6.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
LORI NERHEIM	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSHUA BILL	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
CHRIS LANNING	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MONICA BURMEISTER	TREASURER	7.00	Officer Director	$0	$0	$0
JULIO ARGUETA	SECRETARY	2.00	Officer Director	$0	$0	$0
HARRY CAME	DIRECTOR	2.00	Director	$0	$0	$0
KAREN CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK COSGROVE	DIRECTOR	7.00	Director	$0	$0	$0
DIANA DRETSKE	DIRECTOR	5.00	Director	$0	$0	$0
VICKI MATTSON	DIRECTOR	2.00	Director	$0	$0	$0
MAGGIE MORALES	DIRECTOR	3.00	Director	$0	$0	$0
DANE MORGAN	DIRECTOR	3.00	Director	$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	$1,377,778	$574,201	$1,137,700	$803,577

THE WAUKEGAN HISTORICAL SOCIETY INC