LINN COUNTY HISTORICAL SOCIETY (EIN 237311415) - 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

1969

Legal Domicile

Principal Officer

JASON WRIGHT

Phone

3193621501

Tax Period

2024-09-01 to 2025-08-31

LINN COUNTY HISTORICAL SOCIETY, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $506K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $707K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE HISTORY CENTER PRESERVES AND TELLS THE STORY OF LINN COUNTY, IOWA

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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 $433,624

Program Service Revenue $46,733

Investment Income $516

Other Revenue $25,089

TOTAL REVENUE $505,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,163

Fundraising Expenses $112,132

Program Expenses $469,683

Other Expenses $351,425

TOTAL EXPENSES $706,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,962	$863,658	-0.4%
Expenses	$706,588	$625,904	+0.1%
Net Income	$-200,626	$237,754	-1.8%

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

$108,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BURESH WENDY	PRESIDENT	4.00	Officer Director	$0	$0	$0
WAND CHRIS	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
GULICK KRIS	TREASURER	3.00	Officer Director	$0	$0	$0
ALTOFER JAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ALBERT KELLI	DIRECTOR	1.00	Director	$0	$0	$0
BLONG THERESA	DIRECTOR	1.00	Director	$0	$0	$0
COOK ROBERT	DIRECTOR	1.00	Director	$0	$0	$0
DONAHUE MOLLY	DIRECTOR	1.00	Director	$0	$0	$0
GONDER JACK	DIRECTOR	1.00	Director	$0	$0	$0
KOPPENHAVER ANN	DIRECTOR	1.00	Director	$0	$0	$0
KUCHARSKI ZACK	DIRECTOR	1.00	Director	$0	$0	$0
MATHIS LIZ	DIRECTOR	1.00	Director	$0	$0	$0
PAYVANDI CATHIE	DIRECTOR	1.00	Director	$0	$0	$0
PETERS MARY ANN	DIRECTOR	1.00	Director	$0	$0	$0
PETERSON JED	DIRECTOR	1.00	Director	$0	$0	$0
RAMLO LISA	DIRECTOR	1.00	Director	$0	$0	$0
SWANSON JOHN	DIRECTOR	1.00	Director	$0	$0	$0
VARGASON ADAM	DIRECTOR	1.00	Director	$0	$0	$0
WELCH PETER	DIRECTOR	1.00	Director	$0	$0	$0
WRIGHT JASON	EXECUTIVE DIRECTOR	55.00	Officer	$97,331	$11,499	$108,830

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	$505,962	$706,588	$5,817,328	$-200,626
2024	$863,658	$625,904	$5,649,935	$237,754
2023	$552,882	$627,931	$5,163,494	$-75,049
2022	$526,797	$630,290	$5,043,817	$-103,493
2021	$620,662	$568,185	$5,361,113	$52,477
2020	$182,433	$387,548	$4,923,235	$-205,115
2019	$826,141	$588,187	$5,007,322	$237,954
2018	$369,910	$512,456	$4,622,500	$-142,546

LINN COUNTY HISTORICAL SOCIETY