BEDFORD HISTORICAL SOCIETY

EIN: 346559023 501(c)(3)

Bedford, OH

Total Revenue
$74,818
Total Expenses
$136,524
Total Assets
$1,095,854
Net Assets
$1,019,055
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
OH
Principal Officer
SANDY SPINKS
Phone
4402320796
Tax Period
2024-01-01 to 2024-12-31

BEDFORD HISTORICAL SOCIETY, founded in 1961, is a micro nonprofit that reported $75K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 82% operating deficit.

Mission

preservation and restoration of historic buildings, maintain museum of historic artifacts, archiving historic local documents, public education regarding local 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $54,486
Program Service Revenue $0
Investment Income $1
Other Revenue $20,331
TOTAL REVENUE $74,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,406
Fundraising Expenses $1,401
Program Expenses $119,592
Other Expenses $111,118
TOTAL EXPENSES $136,524

Year-over-Year Comparison

2024 2023 Change
Revenue $74,818 $94,835 -0.2%
Expenses $136,524 $141,153 0.0%
Net Income $-61,706 $-46,318 +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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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
11

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
4
$12,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Betsy Lee executive director 40
Officer
$12,000 $0 $12,000
Richard Backo Vice Pres, trustee 5
Officer Director
$0 $0 $0
Terry Blair Treasurer, trustee 5
Officer Director
$0 $0 $0
Jim Harding trustee 1
Director
$0 $0 $0
Steve Salvi trustee 1
Director
$0 $0 $0
Jeanne Sapir trustee 1
Director
$0 $0 $0
Christine Pocek trustee 1
Director
$0 $0 $0
Sandy Spinks Pres, Trustee 15
Officer Director
$0 $0 $0
Brian Michelbrink trustee 1
Director
$0 $0 $0
James Wagner trustee 1
Director
$0 $0 $0
Paggie Malock trustee 1
Director
$0 $0 $0
Mary Davis trustee 1
Director
$0 $0 $0
Vic Fluharty trustee 1
Director
$0 $0 $0
Jacqueline Ward trustee 1
Director
$0 $0 $0
Patrick Barham trustee 1
Director
$0 $0 $0
Marilyn Berry trustee 1
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 $74,818 $136,524 $1,095,854 $-61,706
2023 $94,835 $141,153 $1,080,131 $-46,318
2022 $78,234 $171,994 $1,056,050 $-93,760
2021 $141,039 $149,152 $1,257,707 $-8,113
2020 $171,208 $98,800 $1,171,505 $72,408
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