LORAIN HISTORICAL SOCIETY (EIN 341441511) - 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

BARB PISCOPO

Phone

4402452563

Tax Period

2023-01-01 to 2023-12-31

LORAIN HISTORICAL SOCIETY, founded in 1986, is a small nonprofit that reported $600K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $681K exceeded revenue, resulting in a 13% operating deficit.

Mission

LORAIN HISTORICAL SOCIETYS MISSION IS TO ENGAGE MEMBERS OF THE COMMUNITY AND OUR VISITORS IN OUR SHARED AND DIVERSE HISTORY THROUGH PRESERVATION, EDUCATION, AND COLLABORATION

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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 $488,142

Program Service Revenue $17,349

Investment Income $35,726

Other Revenue $58,510

TOTAL REVENUE $599,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,994

Fundraising Expenses $52,284

Program Expenses $512,228

Other Expenses $288,614

TOTAL EXPENSES $680,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,727	$507,163	+0.2%
Expenses	$680,608	$569,164	+0.2%
Net Income	$-80,881	$-62,001	+0.3%

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

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

$75,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSIE COX	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ED BAKER	SECRETARY	4.00	Officer Director	$0	$0	$0
MARK BALLARD II	TRUSTEE	2.00	Director	$0	$0	$0
MARIA CARRION	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TAMIKA BONILLA	TRUSTEE	2.00	Director	$0	$0	$0
LAURA BOUSTANI	TRUSTEE	2.00	Director	$0	$0	$0
CARMEN LEIBAS	TRUSTEE	2.00	Director	$0	$0	$0
RON COCCO	TRUSTEE	2.00	Director	$0	$0	$0
DAVE JANOWICZ	TREASURER	4.00	Officer Director	$0	$0	$0
MARGARET OBRIEN	TRUSTEE	2.00	Director	$0	$0	$0
SPENCER ROULE	PRESIDENT	4.00	Officer Director	$0	$0	$0
SARAH STILGENBAUER	TRUSTEE	2.00	Director	$0	$0	$0
JESSIE TOWER	TRUSTEE	2.00	Director	$0	$0	$0
BARB PISCOPO	EXECUTIVE DIRECTOR	40.00	Key Emp	$75,000	$0	$75,000

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	$599,727	$680,608	$2,874,378	$-80,881
2022	$507,163	$569,164	$2,786,757	$-62,001
2021	$559,871	$506,268	$3,091,223	$53,603
2020	$359,136	$493,772	$2,955,032	$-134,636
2019	$461,369	$483,115	$2,944,307	$-21,746
2018	$570,991	$391,896	$2,843,177	$179,095

LORAIN HISTORICAL SOCIETY