LACKAWANNA HISTORICAL SOCIETY

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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

1886

Legal Domicile

Phone

5705868073

Tax Period

2024-01-01 to 2024-12-31

LACKAWANNA HISTORICAL SOCIETY, founded in 1886, is a small nonprofit that reported $418K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 32% operating margin.

Mission

PRESERVE AND PROMOTE LACKAWANNA COUNTY HISTORY

Program Service Accomplishments

Program 1

Expenses: $252,161 Revenue: $92,814

THE PURPOSE OF THE LACKAWANNA HISTORICAL SOCIETY IS TO PRESERVE AND PROMOTE THE HISTORY AND HERITAGE OF LACKAWANNA COUNTY, PENNSYLVANIA. THE ENTIRE COMMUNITY IS SERVED.

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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 $207,504

Program Service Revenue $92,808

Investment Income $77,829

Other Revenue $40,316

TOTAL REVENUE $418,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,716

Fundraising Expenses $8,373

Program Expenses $252,161

Other Expenses $160,004

TOTAL EXPENSES $285,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,457	$324,621	+0.3%
Expenses	$285,720	$241,394	+0.2%
Net Income	$132,737	$83,227	+0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN MORAN SAVAKINUS	EXEC DIRECTOR	40.00	Highest	$57,441	$0	$57,441
ELLA RAYBURN	TRUSTEE	6.00	Director	$0	$0	$0
JOSEPH CIMINI	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE CADDEN	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELAINE SHEPARD	TRUSTEE	1.00	Director	$0	$0	$0
DALIDA OMALLEY	ASST TREASURER	3.00	Officer Director	$0	$0	$0
LYNDA LYNETT	TRUSTEE	2.00	Director	$0	$0	$0
DONALD FREDRICKSON	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS FORRER	TREASURER	3.00	Officer Director	$0	$0	$0
WILLIAM CONLOGUE	SECRETARY	2.00	Director	$0	$0	$0
MICHAEL GILMARTIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY KIEFER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE POSLY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM RINALDI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS CIPRIANO	TRUSTEE	2.00	Director	$0	$0	$0
LENI PIASKY	TRUSTEE	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	$411,655	$278,918	$1,730,281	$132,737
2024	$418,457	$285,720	$1,730,281	$132,737
2023	$324,621	$241,394	$1,597,915	$83,227
2022	$435,459	$219,617	$1,519,251	$215,842
2021	$229,940	$200,167	$1,298,955	$29,773
2020	$144,853	$180,047	$1,313,319	$-35,194
2019	$258,165	$217,582	$1,370,458	$40,583
2018	$547,331	$224,804	$1,330,368	$322,527