PRESERVATION ALLIANCE INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $27,348

Depreciation on the museum building that houses the historical artifacts and events.

Program 2

Expenses: $24,955

Occupancy expenses on the museum building that houses the historical artifacts and events.

Program 3

Expenses: $14,092

Other program services.

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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 $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

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

Total Directors

Key Employees

$12,000

Highest Compensated

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