KANKAKEE 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

1906

Legal Domicile

Phone

8159325279

Tax Period

2023-11-01 to 2024-10-31

KANKAKEE COUNTY HISTORICAL SOCIETY, founded in 1906, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2023. Expenses of $380K exceeded revenue, resulting in a 67% operating deficit.

Mission

HISTORICAL SOCIETY MUSEUM FOR THE PURPOSE OF COLLECTING, EXHIBITING AND INTERPRETING THE MATERIAL CULTURE OF KANKAKEE COUNTY, ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $249,355

OPERATION OF HISTORICAL SOCIETY MUSEUM OPEN TO THE GENERAL PUBLIC WITH NO ADMISSION CHARGE; MAINTAINS EIGHT GALLERIES AND TWO HISTORIC STRUCTURES. THE SOCIETY ENGAGES IN CERTAIN ANNUAL MUSEUM...

OPERATION OF HISTORICAL SOCIETY MUSEUM OPEN TO THE GENERAL PUBLIC WITH NO ADMISSION CHARGE; MAINTAINS EIGHT GALLERIES AND TWO HISTORIC STRUCTURES. THE SOCIETY ENGAGES IN CERTAIN ANNUAL MUSEUM PROGRAMMING AS WELL AS MAINTAINING AN ARCHIVE, RESEARCH LIBRARY AND ARTIFACT STORAGE. ANNUAL VISITATION NUMBERS APPROXIMATELY 15,000.

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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 (2023)

Revenue Breakdown

Contributions & Grants $145,586

Program Service Revenue $273

Investment Income $58,977

Other Revenue $22,418

TOTAL REVENUE $227,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,831

Fundraising Expenses $0

Program Expenses $249,355

Other Expenses $207,929

TOTAL EXPENSES $379,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$227,254	$227,173	+0.0%
Expenses	$379,760	$287,824	+0.3%
Net Income	$-152,506	$-60,651	+1.5%

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

$50,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA FEATHERSTON	Executive Dir.	40.00	Officer	$50,594	$0	$50,594
SAMANTHA ROCKNOWSKI	Director	1.00	Director	$0	$0	$0
KEN PONTON	AUX MEMBER	1.00	Director	$0	$0	$0
RICH MCBARNES	Director	1.00	Director	$0	$0	$0
JACOB LAMORE	AUX MEMBER	1.00	Director	$0	$0	$0
OLIVIA KOERNER	AUX MEMBER	1.00	Director	$0	$0	$0
NIKKI MOORE	AUX MEMBER	0.00	Director	$0	$0	$0
KEN LEWELLEN	AUX MEMBER	1.00	Director	$0	$0	$0
JAKOB KNOX	Director	1.00	Director	$0	$0	$0
RAYMOND EADS	AUX MEMBER	1.00	Director	$0	$0	$0
OACHIA IRVIN	Director	1.00	Director	$0	$0	$0
NICHOLAS ELLIOTT	AUX MEMBER	1.00	Director	$0	$0	$0
MAXIMILIAAN MICHELS	Director	1.00	Director	$0	$0	$0
ROBERT VOSS	President	1.00	Officer	$0	$0	$0
KYLE ROBINSON	Vice President	1.00	Officer	$0	$0	$0
SHARI EBERT	Secretary	1.00	Officer	$0	$0	$0
KATHY MASSULLO	Treasurer	1.00	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	No data	No data	No data	No data
2024	$227,254	$379,760	$2,071,462	$-152,506
2023	$227,173	$287,824	$2,059,924	$-60,651
2022	$226,064	$263,651	$2,153,917	$-37,587
2021	$204,322	$238,789	$2,470,514	$-34,467
2020	$264,050	$230,831	$2,313,944	$33,219
2019	$300,587	$240,314	$2,260,455	$60,273
2018	$225,522	$262,093	$2,089,822	$-36,571