HISTORIC MADISON FOUNDATION INC

EIN: 351833602 501(c)(3) Arts, Culture & Humanities

MADISON, IN

Total Revenue
$2,678,806
Total Expenses
$523,004
Total Assets
$12,929,356
Net Assets
$12,921,890
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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
1991
Legal Domicile
IN
Principal Officer
JOHN STAICER
Phone
8122652967
Tax Period
2024-01-01 to 2024-12-31

HISTORIC MADISON FOUNDATION INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 319% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 80% operating margin.

Mission

TO PRESERVE AND EDUCATE THE PUBLIC ABOUT HISTORIC ARCHITECTURE.

Program Service Accomplishments

Program 1
Expenses: $408,328 Revenue: $37,129

TO SUPPORT THE ORGANIZATION OF HISTORIC MADISON, INC., WHOSE PURPOSE IS THE PRESERVATION OF HISTORIC BUILDINGS AND THE EDUCATION OF THE PUBLIC ABOUT HISTORIC ARCHITECTURE.

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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 $27,608
Program Service Revenue $37,129
Investment Income $2,616,678
Other Revenue $-2,609
TOTAL REVENUE $2,678,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $263,227
Fundraising Expenses $14,865
Program Expenses $408,981
Other Expenses $259,777
TOTAL EXPENSES $523,004

Year-over-Year Comparison

2024 2023 Change
Revenue $2,678,806 $639,412 +3.2%
Expenses $523,004 $529,480 0.0%
Net Income $2,155,802 $109,932 +18.6%
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
15
Independent Members
14
Employees
12
Volunteers
100

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
6
$79,251
Total Directors
15
$79,251
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN STAICER PRES./EXE. D 1.00
Officer Director
$73,727 $5,524 $79,251
MERRITT ALCORN CHAIR EMERIT N/A
Officer Director
$0 $0 $0
JESSICA BUTLER DIRECTOR N/A
Director
$0 $0 $0
LISA CUTSHALL VICE-PRESIDE N/A
Officer Director
$0 $0 $0
DR THOMAS ECKERT DIRECTOR N/A
Director
$0 $0 $0
JOHN GALVIN PRESIDENT EM N/A
Officer Director
$0 $0 $0
MARIA GROTE DIRECTOR N/A
Director
$0 $0 $0
HEIDI KENDALL-SAGE DIRECTOR N/A
Director
$0 $0 $0
KELLY LAMBERT DIRECTOR N/A
Director
$0 $0 $0
JOHN MUESSEL TREASURER N/A
Officer Director
$0 $0 $0
CHUCK REQUET DIRECTOR N/A
Director
$0 $0 $0
AUSTIN SIMS DIRECTOR N/A
Director
$0 $0 $0
TONY STEINHARDT DIRECTOR N/A
Director
$0 $0 $0
KEVIN YANCEY CHAIR N/A
Officer Director
$0 $0 $0
GREG ZIESEMER DIRECTOR 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 $2,678,806 $523,004 $12,929,356 $2,155,802
2023 $639,412 $529,480 $12,222,559 $109,932
2022 $349,862 $461,287 $11,529,064 $-111,425
2021 $444,548 $444,418 $13,211,653 $130
2020 $321,894 $408,793 $12,263,395 $-86,899
2019 $259,914 $462,936 $11,751,535 $-203,022
2018 $368,162 $500,062 $10,828,764 $-131,900
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