THE HISTORICAL SOCIETY OF OAK PARK AND RIVER FOREST (EIN 237131704) - 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

1970

Legal Domicile

Principal Officer

FRAN KNECHEL

Phone

7088486755

Tax Period

2024-05-01 to 2025-04-30

THE HISTORICAL SOCIETY OF OAK PARK AND RIVER FOREST, founded in 1970, is a small nonprofit that reported $279K in total revenue in fiscal year 2024. Net assets of $1.1M represent 47 months of operating reserves.

Mission

OPERATING A MUSEUM, RESEARCH CENTER AND ARCHIVES FOR EDUCATIONAL PURPOSES.

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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 $244,921

Program Service Revenue $24,785

Investment Income $4,121

Other Revenue $5,267

TOTAL REVENUE $279,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,698

Fundraising Expenses $11,688

Program Expenses $222,046

Other Expenses $110,888

TOTAL EXPENSES $302,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,094	$277,937	+0.0%
Expenses	$302,586	$304,623	0.0%
Net Income	$-23,492	$-26,686	-0.1%

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

$85,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRAN KNECHEL	PRESIDENT	3.00	Officer Director	$0	$0	$0
WENDY DANIELS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JACK NORTON	TREASURER	3.00	Officer Director	$0	$0	$0
MARY BOYARIS	SECRETARY	3.00	Officer Director	$0	$0	$0
FRANK FIORITO	DIRECTOR	1.00	Director	$0	$0	$0
JUANTA GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GROGAN	DIRECTOR	1.00	Director	$0	$0	$0
GENEVIEVE JONES	DIRECTOR	1.00	Director	$0	$0	$0
NANCY LYNN	DIRECTOR	1.00	Director	$0	$0	$0
TY MAYBERRY	DIRECTOR	1.00	Director	$0	$0	$0
LIESL ORENIC	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK LIPO	EXECUTIVE DIRECTOR	40.00	Officer	$85,680	$0	$85,680

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	$279,094	$302,586	$1,172,981	$-23,492
2024	$277,937	$304,623	$1,123,432	$-26,686
2023	$219,023	$249,792	$1,146,978	$-30,769
2022	$218,366	$238,393	$1,176,723	$-20,027
2021	$182,163	$239,956	$1,221,462	$-57,793
2020	$164,375	$244,184	$1,244,192	$-79,809
2019	$120,556	$255,940	$1,328,075	$-135,384
2018	$102,920	$198,185	$1,479,818	$-95,265

THE HISTORICAL SOCIETY OF OAK PARK AND RIVER FOREST