THE GREAT LAKES HISTORICAL SOCIETY

EIN: 346549217 501(c)(3)

TOLEDO, OH

Total Revenue
$2,410,271
Total Expenses
$1,708,536
Total Assets
$12,690,068
Net Assets
$12,116,771
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
OH
Principal Officer
KATE FINESKE
Phone
4192145000
Tax Period
2023-01-01 to 2023-12-31

THE GREAT LAKES HISTORICAL SOCIETY, founded in 1953, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $702K, a strong 29% operating margin.

Mission

THE GREAT LAKES HISTORICAL SOCIETY IS DEDICATED TO THE PRESERVATION OF GREAT LAKES HISTORY. THE ORGANIZATION OPERATES THE NATIONAL MUSEUM OF THE GREAT LAKES AND THE CLARENCE S. METCALF MARITIME RESEARCH LIBRARY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,855,434
Program Service Revenue $246,364
Investment Income $142,299
Other Revenue $166,174
TOTAL REVENUE $2,410,271

Expense Breakdown

Grants Paid $0
Salaries & Benefits $632,486
Fundraising Expenses $407,280
Program Expenses $979,247
Other Expenses $1,034,050
TOTAL EXPENSES $1,708,536

Year-over-Year Comparison

2023 2022 Change
Revenue $2,410,271 $3,545,822 -0.3%
Expenses $1,708,536 $1,248,986 +0.4%
Net Income $701,735 $2,296,836 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
22
Volunteers
205

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
8
$137,194
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BARKER CHAIRMAN 10.00
Officer Director
$0 $0 $0
ELAINE CANNING TREASURER 1.00
Officer Director
$0 $0 $0
DR WILLIAM DAVIS TRUSTEE 1.00
Director
$0 $0 $0
DR ROMULUS DURANT TRUSTEE 1.00
Director
$0 $0 $0
KAREN L FRAKER TRUSTEE 1.00
Director
$0 $0 $0
KEITH MASSERANT TRUSTEE 1.00
Director
$0 $0 $0
ANDREW DALE TRUSTEE 1.00
Director
$0 $0 $0
PAUL LAMARRE III VICE CHAIR 1.00
Officer Director
$0 $0 $0
CYNTHIA RERUCHA SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN BURSON TRUSTEE 1.00
Director
$0 $0 $0
TIM GOLIGOSKI TRUSTEE 1.00
Director
$0 $0 $0
JAMES STOUFFER JR TRUSTEE 1.00
Director
$0 $0 $0
HOLLY BRISTOLL VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANN MCCAULEY TRUSTEE 1.00
Director
$0 $0 $0
GARY MURPHY TRUSTEE 1.00
Director
$0 $0 $0
ADAM SCHOESLER ASST. TREASURER 1.00
Officer Director
$0 $0 $0
JAMES H HARTUNG TRUSTEE 1.00
Director
$0 $0 $0
DENNIS JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
MARC STOCKWELL TRUSTEE 1.00
Director
$0 $0 $0
LARRY BETTCHER TRUSTEE 1.00
Director
$0 $0 $0
M JAMES KARPINSKI TRUSTEE 1.00
Director
$0 $0 $0
SEAN HAROLD TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM BUCKLEY TRUSTEE 1.00
Director
$0 $0 $0
MARK SOBCZAK TRUSTEE 1.00
Director
$0 $0 $0
JAMES TUSCHMAN TRUSTEE 1.00
Director
$0 $0 $0
GEOFF SHOOK TRUSTEE 1.00
Officer Director
$0 $0 $0
JR TOLAND TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER GILLCRIST EXECUTIVE DIRECTOR 40.00
Officer
$123,372 $13,822 $137,194
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 $2,410,271 $1,708,536 $12,690,068 $701,735
2022 $3,545,822 $1,248,986 $11,521,908 $2,296,836
2021 $1,839,205 $1,037,721 $6,779,788 $801,484
2020 $994,460 $895,769 $5,757,214 $98,691
2019 $991,787 $1,008,886 $5,501,235 $-17,099
2018 $1,142,148 $1,001,597 $5,405,441 $140,551
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