CARROLL COUNTY WABASH & ERIE CANAL

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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

1973

Legal Domicile

Principal Officer

JANET AYRES

Phone

7655642870

Tax Period

2023-01-01 to 2023-12-31

CARROLL COUNTY WABASH & ERIE CANAL, founded in 1973, is a small nonprofit that reported $283K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $270K left a modest 5% surplus.

Mission

THE CARROLL COUNTY WABASH & ERIE CANAL'S MISION IS TO PROVIDE OUR VISITORS WITH INFORMATION ABOUT THE WABASH AND ERIE CANAL AND OFFER EDUCATIONAL OPPORTUNITIES FOR ALL AGES ABOUT THE CANAL ERA IN INDIANA AND ITS IMPORTANCE TO INDIANA HISTORY.

Program Service Accomplishments

Program 1

Expenses: $28,715 Revenue: $8,755

THE ASSOCIATION OFFERS NARRATED RIDES ON A REPLICA CANAL BOAT PLUS PERIOD REPLICA BUILDINGS AND STRUCTURES OFFERING MORE INTERPRETIVE EXPERIENCES FOR PARK VISITORS. FACILITIES INCLUDE A ONE ROOM...

THE ASSOCIATION OFFERS NARRATED RIDES ON A REPLICA CANAL BOAT PLUS PERIOD REPLICA BUILDINGS AND STRUCTURES OFFERING MORE INTERPRETIVE EXPERIENCES FOR PARK VISITORS. FACILITIES INCLUDE A ONE ROOM SCHOOL HOUSE AND RESTORED CANAL ERA HOME, AMONG OTHERS. AREA SCHOOLS FREQUENTLY TAKE THE OPPORTUNITY TO HAVE THEIR STUDENTS TOUR THE FACILITIES TO HELP REINFORCE WHAT IS TAUGHT ABOUT THE CANAL ERA IN INDIANA HISTORY.

Program 2

Expenses: $153,144 Revenue: $44,017

THE INTERPRETIVE CENTER OFFERS A MUSEUM FOR USE BY SCHOOL TOUR GROUPS AND THE COMMUNITY AT LARGE. THE MUSEUM PRESENTS CANAL HISTORY IN AN INTERACTIVE FORMAT TO BEST ENABLE GUESTS TO RETAIN...

THE INTERPRETIVE CENTER OFFERS A MUSEUM FOR USE BY SCHOOL TOUR GROUPS AND THE COMMUNITY AT LARGE. THE MUSEUM PRESENTS CANAL HISTORY IN AN INTERACTIVE FORMAT TO BEST ENABLE GUESTS TO RETAIN INFORMATION PRESENTED REGARDING THE HISTORY OF THE CANAL. THE CENTER IS ALSO USED FOR MANY FAMILY OUTINGS AND GROUP MEETINGS FOR SERVICE ORGANIZATIONS WHICH HEIGHTENS COMMUNITY AWARENESS OF WHAT IS OFFERED.

Program 3

Expenses: $9,572 Revenue: $6,591

PROGRAMS OFFERED THROUGHOUT THE YEAR INCLUDE "CANAL DAYS- AND "OLD FASHIONED CHRISTMAS" WHICH OFFER THE OPPORTUNITY TO ENJOY "OLD TIME" ACTIVITIES, INCLUDING HOMEMADE FOOD, PERIOD CRAFTSMAN AND ART...

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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 $173,365

Program Service Revenue $84,788

Investment Income $15,289

Other Revenue $9,581

TOTAL REVENUE $283,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,146

Fundraising Expenses $0

Program Expenses $191,431

Other Expenses $136,764

TOTAL EXPENSES $269,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,023	$231,103	+0.2%
Expenses	$269,910	$354,876	-0.2%
Net Income	$13,113	$-123,773	-1.1%

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

100

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
JANET AYRES	PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDA COOPER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
KAREN BRADSHAW	SECRETARY	5.00	Officer Director	$0	$0	$0
BILL LAPCHESKA	TREASURER	5.00	Officer Director	$0	$0	$0
DAN MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN POLLES	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA CRABB	DIRECTOR	1.00	Director	$0	$0	$0
DALE DEYOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MAC CARLISLE	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY SEESE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRUCE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$283,023	$269,910	$775,296	$13,113
2022	$231,103	$354,876	$715,421	$-123,773
2021	$213,553	$183,045	$874,079	$30,508
2020	$164,619	$128,073	$775,030	$36,546
2019	$380,019	$183,183	$749,352	$196,836
2018	$244,861	$224,272	$550,147	$20,589