Leelanau Historical Society (EIN 237063440) - 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

1957

Legal Domicile

Principal Officer

Hayward Draper

Phone

2313573632

Tax Period

2024-01-01 to 2024-12-31

Leelanau Historical Society, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $283K in total revenue in fiscal year 2024. Net assets of $1.1M represent 46 months of operating reserves.

Mission

INSPIRE PEOPLE TO EXPLORE THE PAST, UNDERSTAND THE PRESENT, AND ENVISION THE FUTURE OF THE DIVERSE CULTURES IN THE LEELANAU PENINSULA AND ITS ISLANDS. THIS IS DONE BY EXHIBITIONS AND EDUCATIONAL PROGRAMS AND PERSERVING ARTIFACTS, DOCUMENTS, ETC.

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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 $232,829

Program Service Revenue $15,618

Investment Income $20,041

Other Revenue $14,480

TOTAL REVENUE $282,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,867

Fundraising Expenses $27,918

Program Expenses $175,093

Other Expenses $124,324

TOTAL EXPENSES $289,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,968	$270,796	+0.0%
Expenses	$289,191	$281,263	+0.0%
Net Income	$-6,223	$-10,467	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Kelderhouse	Executive Director	0.00		$40,587	$0	$40,587
Bob Roberts	Trustee	2.00	Director	$0	$0	$0
Laura Paine	Secretary	2.00	Officer Director	$0	$0	$0
Mary Jo Grogan	President	2.00	Officer Director	$0	$0	$0
Bruce Dunn	Vice President	2.00	Officer Director	$0	$0	$0
Hayward Draper	Treasurer	2.00	Officer Director	$0	$0	$0
Molly Crimmins	Trustee	2.00	Director	$0	$0	$0
Andrew White	Trustee	2.00	Director	$0	$0	$0
Paul Dechow	Trustee	2.00	Director	$0	$0	$0
Chuck Schroer	Trustee	2.00	Director	$0	$0	$0
Staci Longwell Sadowski	Trustee	2.00	Director	$0	$0	$0
Lois Bahle	Trustee	2.00	Director	$0	$0	$0
Marsha Buehler	Trustee	2.00	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
2025	No data	No data	No data	No data
2024	$282,968	$289,191	$1,160,964	$-6,223
2023	$270,796	$281,263	$1,149,324	$-10,467
2022	$217,585	$213,558	$1,127,548	$4,027
2021	$200,845	$207,985	$1,131,803	$-7,140
2020	$166,888	$177,624	$986,740	$-10,736
2019	$156,778	$187,294	$894,582	$-30,516
2018	$163,786	$170,513	$898,810	$-6,727

Leelanau Historical Society