Kelleys Island Historical Assoc Inc (EIN 341329728) - 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

1986

Legal Domicile

Principal Officer

Justiina Loveless

Phone

4197462399

Tax Period

2024-11-01 to 2025-10-31

Kelleys Island Historical Assoc Inc, founded in 1986, is a micro nonprofit that reported $75K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $103K exceeded revenue, resulting in a 38% operating deficit.

Mission

Maintenance of historical property and display of historical artifacts.

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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 $30,024

Program Service Revenue $0

Investment Income $0

Other Revenue $44,564

TOTAL REVENUE $74,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,836

Other Expenses $102,836

TOTAL EXPENSES $102,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,588	$59,491	+0.3%
Expenses	$102,836	$96,421	+0.1%
Net Income	$-28,248	$-36,930	-0.2%

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

N/A

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

$10,800

Total Directors

$10,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justiina Loveless	President	4.00	Officer Director	$10,800	$0	$10,800
Jackie Polofka	Board Member	1.00	Director	$0	$0	$0
Donna Algase	Secretary	3.00	Officer Director	$0	$0	$0
Chad Waffen	Board Member	2.00	Director	$0	$0	$0
Lisa Lotito	Vice President	4.00	Officer Director	$0	$0	$0
Teri Betzenheimer	Board Member	3.00	Director	$0	$0	$0
Nancy Olwell	Board Member	3.00	Director	$0	$0	$0
Michael Beatty	Treasurer	1.00	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
2025	$74,588	$102,836	$739,877	$-28,248
2024	$59,491	$96,421	$710,196	$-36,930
2023	$73,458	$85,680	$655,177	$-12,222
2022	$68,305	$97,159	$665,970	$-28,854
2021	$83,480	$65,352	$761,838	$18,128
2020	$51,919	$50,815	$634,973	$1,104

Kelleys Island Historical Assoc Inc