PRESERVATION ALLIANCE INC

EIN: 351788557 501(c)(3)

Scottsburg, IN

Total Revenue
$76,034
Total Expenses
$96,626
Total Assets
$911,193
Net Assets
$592,553
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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
IN
Principal Officer
MARY BETH COMER
Tax Period
2023-01-01 to 2023-12-31

PRESERVATION ALLIANCE INC, founded in 1986, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 27% operating deficit.

Mission

To promote and preserve the history and heritage of Scott County.

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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 $55,667
Program Service Revenue $8,011
Investment Income $6,186
Other Revenue $6,170
TOTAL REVENUE $76,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,032
Fundraising Expenses $0
Program Expenses $79,911
Other Expenses $83,594
TOTAL EXPENSES $96,626

Year-over-Year Comparison

2023 2022 Change
Revenue $76,034 $101,850 -0.3%
Expenses $96,626 $92,175 +0.0%
Net Income $-20,592 $9,675 -3.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
2
$0
Total Directors
0
$0
Key Employees
1
$12,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILMA J ABBOTT MUSEUM DIRECTOR 20.00
Key Emp
$12,000 $0 $12,000
LENA LUNDGREN TREASURER 2.00
Officer
$0 $0 $0
CHRIS WAKEMAN PRESIDENT 2.00
Officer
$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
2023 $76,034 $96,626 $911,193 $-20,592
2022 $101,850 $92,175 $939,441 $9,675
2021 $69,077 $83,196 $935,435 $-14,119
2020 $43,690 $77,033 $955,293 $-33,343
2019 $44,464 $75,964 $995,235 $-31,500
2018 $52,333 $81,948 $1,034,187 $-29,615
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