CENTRE COUNTY HISTORICAL SOCIETY (EIN 251323768) - 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

1904

Legal Domicile

Principal Officer

MARY SORENSEN

Phone

8142344779

Tax Period

2023-01-01 to 2023-12-31

CENTRE COUNTY HISTORICAL SOCIETY, founded in 1904, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2023. Revenue surged 176% from the prior year, signaling strong growth momentum. The organization ran a surplus of $276K, a strong 58% operating margin.

Mission

TO BUILD A CRITICAL UNDERSTANDING OF OUR PAST, ENGAGE THE ISSUES OF THE PRESENT AND GUARANTEE A FUTURE WHICH PRESERVES OUR HISTORY AND HERITAGE FOR A DIVERSE CENTRE COUNTY. TO DISCOVER, COLLECT, PRESERVE, INTERPRET, EDUCATE, ADVOCATE, PRESENT, AND PROMOTE THE COUNTY'S HISTORY AND CULTURE.

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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 $428,398

Program Service Revenue $0

Investment Income $16,373

Other Revenue $33,270

TOTAL REVENUE $478,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,910

Fundraising Expenses $25,554

Program Expenses $153,146

Other Expenses $126,686

TOTAL EXPENSES $201,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,041	$173,080	+1.8%
Expenses	$201,596	$175,781	+0.1%
Net Income	$276,445	$-2,701	-103.3%

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

350

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

$38,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER L WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT B HAZELTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBORAH McMANUS	SECRETARY	1.00	Officer Director	$0	$0	$0
BEVERLY LIPSKI	TREASURER	1.00	Officer Director	$0	$0	$0
REBEKAH DREESE	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE R ESPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
ANN MOELLENBROCK	DIRECTOR	1.00	Director	$0	$0	$0
ALAN R POPOVICH	DIRECTOR	1.00	Director	$0	$0	$0
BOB POTTER	DIRECTOR	1.00	Director	$0	$0	$0
FORD RISLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANN HAMILTON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MARY SORENSEN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$1,128	$38,728

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	$478,041	$201,596	$2,161,395	$276,445
2022	$173,080	$175,781	$1,815,434	$-2,701
2021	$524,621	$158,848	$1,909,171	$365,773
2020	$276,362	$142,844	$1,783,942	$133,518
2019	$176,734	$167,006	$1,709,646	$9,728

CENTRE COUNTY HISTORICAL SOCIETY