HISTORICAL ASSOC OF SOUTH HAVEN (EIN 300095048) - 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

2002

Legal Domicile

Principal Officer

JIM OLLGAARD

Phone

2696376424

Tax Period

2023-01-01 to 2023-12-31

HISTORICAL ASSOC OF SOUTH HAVEN, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 362% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 94% operating margin.

Mission

PROMOTE UNDERSTANING AND APPRECIATION OF SOUTH HAVEN'S HISTORY THROUGH PROGRAMS AND PUBLICATIONS, COLLECT AND PRESERVE ARCHIVES OF THE SOUTH HAVEN AREA, AND ENHANCE PUBLIC SUPPORT FOR THE PRESERVATION OF SOUTH HAVEN'S HISTORY.

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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 $1,682,030

Program Service Revenue $0

Investment Income $1,127

Other Revenue $-23,658

TOTAL REVENUE $1,659,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,214

Fundraising Expenses $0

Program Expenses $97,214

Other Expenses $82,413

TOTAL EXPENSES $105,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,659,499	$359,548	+3.6%
Expenses	$105,627	$98,566	+0.1%
Net Income	$1,553,872	$260,982	+5.0%

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
ED APPLEYARD	BOARD MEMBER	15.00	Director	$0	$0	$0
JOAN BAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
DON GOODWILLIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GRIB	BOARD MEMBER	10.00	Director	$0	$0	$0
LINDA LAROCQUE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE FREDERICK	TREASURER	5.00	Officer	$0	$0	$0
ROGER HORTON	VICE PRESIDE	1.00	Officer	$0	$0	$0
JIM OLLGAARD	PRESIDENT	30.00	Officer	$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	$1,659,499	$105,627	$2,502,319	$1,553,872
2022	$359,548	$98,566	$962,800	$260,982
2021	$279,552	$42,868	$700,869	$236,684

HISTORICAL ASSOC OF SOUTH HAVEN