LAPORTE COUNTY HISTORICAL STEAM SOCIETY INC (EIN 351152351) - 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

1957

Legal Domicile

Principal Officer

BRYAN NEMETH

Phone

2194624358

Tax Period

2024-01-01 to 2024-12-31

LAPORTE COUNTY HISTORICAL STEAM SOCIETY INC, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $417K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 23% operating margin.

Mission

THE ORGANIZATION OPERATES A MUSEUM TO DISPLAY ANTIQUE STEAM AND GASOLINE ENGINES AND RELATED EQUIPMENT TO THE GENERAL PUBLIC.

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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 $144,889

Program Service Revenue $213,101

Investment Income $43,629

Other Revenue $15,232

TOTAL REVENUE $416,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,880

Fundraising Expenses $0

Program Expenses $312,079

Other Expenses $225,718

TOTAL EXPENSES $319,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,851	$339,058	+0.2%
Expenses	$319,598	$324,800	0.0%
Net Income	$97,253	$14,258	+5.8%

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

N/A

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

$87,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THADDEUS RITA	GENERAL MANA	40.00	Officer	$87,208	$0	$87,208
GREG BRUNJES	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID COATES	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM GIBSON	BOARD MEMBER	N/A	Director	$0	$0	$0
PAT GRAHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
BRYAN NEMETH	BOARD MEMBER	N/A	Director	$0	$0	$0
GEOFF WENDT	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
2024	$416,851	$319,598	$2,419,054	$97,253
2023	$339,058	$324,800	$2,019,852	$14,258
2022	$422,457	$272,967	$2,002,681	$149,490
2021	$407,878	$256,323	$1,853,191	$151,555
2020	$122,368	$223,930	$1,702,693	$-101,562

LAPORTE COUNTY HISTORICAL STEAM SOCIETY INC