LAKE COUNTY HISTORICAL SOCIETY (EIN 340863972) - 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

1956

Legal Domicile

Principal Officer

DAVID PHARES

Phone

4406392945

Tax Period

2024-01-01 to 2024-12-31

LAKE COUNTY HISTORICAL SOCIETY, founded in 1956, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $236K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF LAKE COUNTY HISTORICAL SOCIETY (LCHS) IS TO USE AVAILABLE RESOURCES TO SUPPORT HISTORICAL K-12 EDUCATION IN LAKE COUNTY, OHIO WHILE CONTINUING TO COLLECT, PRESERVE AND INTERPRET LOCAL HISTORY. ADULT, YOUTH & SPECIAL EVENT PROGRAMMING ARE USED TO ACCOMPLISH THIS MISSION IN THE MUSEUM, RESEARCH LIBRARY & HISTORICAL VILLAGE.

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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 $148,842

Program Service Revenue $34,208

Investment Income $1,744

Other Revenue $7,666

TOTAL REVENUE $192,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,675

Fundraising Expenses $12,000

Program Expenses $72,693

Other Expenses $142,715

TOTAL EXPENSES $236,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,460	$148,066	+0.3%
Expenses	$236,390	$230,341	+0.0%
Net Income	$-43,930	$-82,275	-0.5%

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY GUYNN-KAPOSTASY 2024	EXECUTIVE DI	40.00	Officer	$60,000	$0	$60,000
LISA LEWINS 2025	EXECUTIVE DI	4.00	Director	$0	$0	$0
LORI GUZZI	BOARD MEMBER	4.00	Director	$0	$0	$0
BRIAN JONES	BOARD MEMBER	4.00	Director	$0	$0	$0
MIKE MOHNER	BOARD MEMBER	6.00	Director	$0	$0	$0
BRYAN PALMER	VICE PRESIDE	4.00	Director	$0	$0	$0
DAVID PHARES	BOARD PRESID	4.00	Officer Director	$0	$0	$0
ROY SMITH	BOARD MEMBER	4.00	Director	$0	$0	$0
MERLE WALKER	TREASURER	4.00	Officer 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	$192,460	$236,390	$1,188,564	$-43,930
2023	$148,066	$230,341	$1,205,463	$-82,275
2022	$175,268	$261,476	$1,294,996	$-86,208
2021	$352,239	$224,746	$1,391,257	$127,493
2020	$244,239	$199,675	$1,280,138	$44,564
2019	$462,955	$206,275	$1,239,255	$256,680
2018	$194,634	$210,619	$987,869	$-15,985
2017	$148,157	$161,399	$1,008,087	$-13,242

LAKE COUNTY HISTORICAL SOCIETY