LOPEZ ISLAND HISTORICAL SOCIETY

EIN: 237168503 501(c)(3)

LOPEZ ISLAND, WA

Total Revenue
$154,252
Total Expenses
$188,955
Total Assets
$626,542
Net Assets
$626,282
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
WA
Principal Officer
TERRY LARSON
Phone
3604682049
Tax Period
2024-01-01 to 2024-12-31

LOPEZ ISLAND HISTORICAL SOCIETY, founded in 1975, is a small nonprofit that reported $154K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 22% operating deficit.

Mission

OPERATION OF HISTORICAL MUSEUM DESIGNED TO COLLECT, PRESERVE, SHARE, AND INTERPRET THE LOCAL HISTORY OF LOPEZ ISLAND.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $143,189
Program Service Revenue $7,020
Investment Income $2,880
Other Revenue $1,163
TOTAL REVENUE $154,252

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,388
Fundraising Expenses $2,736
Program Expenses $172,864
Other Expenses $57,567
TOTAL EXPENSES $188,955

Year-over-Year Comparison

2024 2023 Change
Revenue $154,252 $203,856 -0.2%
Expenses $188,955 $164,044 +0.2%
Net Income $-34,703 $39,812 -1.9%
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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
15

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
5
$69,191
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY FROST EXECUTIVE DI 40.00
Officer
$69,191 $0 $69,191
NANCY EWERT TRUSTEE 0.05
Director
$0 $0 $0
THOMAS MISA TRUSTEE 0.05
Director
$0 $0 $0
LARRY CHOCHRAN TRUSTEE 0.05
Director
$0 $0 $0
BRETT JENSEN TRUSTEE 2.50
Director
$0 $0 $0
CHERYL HARLAN TURSTEE 2.00
Director
$0 $0 $0
JOSH EIDE COMMITTEE CH 0.05
Director
$0 $0 $0
PAUL HEINRIKSEN COMMITTEE CH 3.00
Director
$0 $0 $0
JACK PEDIGO SECRETARY 1.00
Officer Director
$0 $0 $0
MARY FAGERHOLM-REECE PRESIDENT 3.00
Officer Director
$0 $0 $0
JOE SCHWANKLE VICE PRESIDE 2.00
Officer Director
$0 $0 $0
TERRY LARSON TREASURER 2.00
Officer 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 $154,252 $188,955 $626,542 $-34,703
2023 $203,856 $164,044 $670,304 $39,812
2022 $125,474 $135,231 $625,136 $-9,757
2021 $105,004 $118,692 $633,099 $-13,688
2020 $103,374 $94,441 $647,070 $8,933
2019 $92,344 $111,870 $636,183 $-19,526
2018 $131,099 $103,668 $653,523 $27,431
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LOPEZ ISLAND HISTORICAL SOCIETY with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.