LAKESIDE HERITAGE SOCIETY INC

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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

1991

Legal Domicile

Principal Officer

KATHY VENEMA

Phone

4197985519

Tax Period

2024-09-01 to 2025-08-31

LAKESIDE HERITAGE SOCIETY INC, founded in 1991, is a small nonprofit that reported $270K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 40% operating margin.

Mission

PRESERVE, PROMOTE AND ADVANCE HISTORY OF LAKESIDE, MARBLEHEAD PENNINSULA AND THE CHAUTAUQUA MOVEMENT IN AMERICA.

Program Service Accomplishments

Program 1

Expenses: $163,036 Revenue: $2,080

OPERATE THE HERITAGE HALL MUSEUM AND PROVIDE VARIOUS EDUCATIONAL PROGRAMS TO THE SURROUNDING COMMUNITY, INCLUDING A SUNDAY LECTURE SERIES, WEEKLY SEMINARS, WALKING TOURS, AND CLASSES ON VARIOUS...

OPERATE THE HERITAGE HALL MUSEUM AND PROVIDE VARIOUS EDUCATIONAL PROGRAMS TO THE SURROUNDING COMMUNITY, INCLUDING A SUNDAY LECTURE SERIES, WEEKLY SEMINARS, WALKING TOURS, AND CLASSES ON VARIOUS MARBLEHEAD PENINISULA HISTORIC TOPICS FOR ELEMENTARY SCHOOLS STUDENTS STUDYING OHIO 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 (2024)

Revenue Breakdown

Contributions & Grants $179,210

Program Service Revenue $2,080

Investment Income $6,342

Other Revenue $81,892

TOTAL REVENUE $269,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,516

Fundraising Expenses $0

Program Expenses $163,036

Other Expenses $97,520

TOTAL EXPENSES $163,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,524	$160,243	+0.7%
Expenses	$163,036	$121,887	+0.3%
Net Income	$106,488	$38,356	+1.8%

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
STEVE BEMILLER	BOARD MEMBER	N/A	Director	$0	$0	$0
GRETA BEMILLER	BOARD MEMBER	N/A	Director	$0	$0	$0
SALLY DEPERRO	SECRETARY	N/A	Officer Director	$0	$0	$0
JIM HEIKES	BOARD MEMBER	N/A	Director	$0	$0	$0
DEAN FICK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CINDY KNEPP	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHY VENEMA	PRESIDENT	N/A	Officer Director	$0	$0	$0
FRANK BAKER	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHANIE LEFFLER	BOARD MEMBER	N/A	Director	$0	$0	$0
CINDY GRIMM	BOARD MEMBER	N/A	Director	$0	$0	$0
KEN FOY	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
DEBBIE HEIBERT	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES HILT	BOARD MEMBER	N/A	Director	$0	$0	$0
PHIL DALE	BOARD MEMBER	N/A	Director	$0	$0	$0
AL HOLLAND	BOARD MEMBER	N/A	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	$269,524	$163,036	$1,004,963	$106,488
2024	$160,243	$121,887	$875,524	$38,356
2023	$124,563	$139,071	$789,936	$-14,508
2022	$143,158	$116,432	$783,611	$26,726
2021	$94,663	$86,719	$775,524	$7,944
2020	$98,284	$52,535	$741,366	$45,749
2019	$148,921	$55,514	$675,429	$93,407
2018	$97,475	$56,047	$579,166	$41,428