SALEM HISTORICAL SOCIETY SALEM HISTORICAL SOCIETY

EIN: 237325436 501(c)(3)

SALEM, OH

Total Revenue
$157,176
Total Expenses
$190,983
Total Assets
$2,751,320
Net Assets
$2,601,254
🔒

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
1947
Legal Domicile
OH
Principal Officer
JAY WOOTTEN
Phone
3303378514
Tax Period
2023-01-01 to 2023-12-31

SALEM HISTORICAL SOCIETY SALEM HISTORICAL SOCIETY, founded in 1947, is a small nonprofit that reported $157K in total revenue in fiscal year 2023. Expenses of $191K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE SALEM HISTORICAL SOCIETY MUSEUM IS A NONPROFIT VOLUNTEER ORGANIZATION WHICH MAINTAINS FOUR BUILDINGS TO HOUSE AND DISPLAY THE MANY HISTORICAL ARTIFACTS. ITS PURPOSE IS TO COLLECT, EXPLAIN, AND PRESERVE SALEM'S HISTORY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $46,312
Program Service Revenue $36,080
Investment Income $74,290
Other Revenue $494
TOTAL REVENUE $157,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $189,806
Other Expenses $190,983
TOTAL EXPENSES $190,983

Year-over-Year Comparison

2023 2022 Change
Revenue $157,176 $150,200 +0.0%
Expenses $190,983 $194,031 0.0%
Net Income $-33,807 $-43,831 -0.2%
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
15
Independent Members
15
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ARMENI TRUSTEE 1.00
Director
$0 $0 $0
SHERRY AYERS TRUSTEE 1.00
Director
$0 $0 $0
KEN BANET TREASURER 1.00
Director
$0 $0 $0
NANCY CIOTTI SECRETARY 1.00
Director
$0 $0 $0
JAN COX TRUSTEE 1.00
Director
$0 $0 $0
K CRAIG FEHR TRUSTEE 1.00
Director
$0 $0 $0
DIXIE GORDON TRUSTEE N/A
Director
$0 $0 $0
DAVID HUGHES TRUSTEE 1.00
Director
$0 $0 $0
KEITH MANN TRUSTEE 1.00
Director
$0 $0 $0
RUTH NEWMAN TRUSTEE 1.00
Director
$0 $0 $0
LOIS PENNELL TRUSTEE 1.00
Director
$0 $0 $0
KEVIN SCHAFFER VP N/A
Director
$0 $0 $0
W JIM SWETYE TRUSTEE 1.00
Director
$0 $0 $0
BRIAN WHITEHALL TRUSTEE 1.00
Director
$0 $0 $0
JAY WOOTTEN PRESIDENT 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 $157,176 $190,983 $2,751,320 $-33,807
2022 $150,200 $194,031 $2,767,161 $-43,831
2021 $138,209 $153,576 $3,065,884 $-15,367
2020 $93,918 $180,514 $2,819,027 $-86,596
2019 $158,299 $153,584 $2,851,442 $4,715
2018 $144,175 $103,359 $2,773,275 $40,816
Explore More Nonprofits
→Top 100 Nonprofits in Ohio →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SALEM HISTORICAL SOCIETY SALEM HISTORICAL SOCIETY with other nonprofits in Ohio 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.