HISTORIC CONNERSVILLE 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

1965

Legal Domicile

Principal Officer

JOE MINNERICK

Phone

7658252064

Tax Period

2024-05-01 to 2025-04-30

HISTORIC CONNERSVILLE INC, founded in 1965, is a micro nonprofit that reported $44K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $40K left a modest 8% surplus.

Mission

PRESERVATION OF MUSEUM DEDICATED TO THE HISTORY OF CONNERSVILLE AND FAYETTE COUNTY, INDIANA.

Program Service Accomplishments

Program 1

Expenses: $1,981 Revenue: $29,346

PRESERVATION AND MAINTENANCE OF MUSEUM BUILDING AND CONTENTS FOR THE BENEFIT OF CITIZENS OF FAYETTE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,834

Program Service Revenue $2,480

Investment Income $26,866

Other Revenue $1,840

TOTAL REVENUE $44,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,981

Other Expenses $40,422

TOTAL EXPENSES $40,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,020	$68,072	-0.4%
Expenses	$40,422	$47,070	-0.1%
Net Income	$3,598	$21,002	-0.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS FRIEND	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAY PIKE	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM SPENCE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE MINNERICK	TREASURER	1.00	Officer Director	$0	$0	$0
GAYLE HALBERSTADT	DIRECTOR	1.00	Director	$0	$0	$0
RICK LEMEN	DIRECTOR	1.00	Director	$0	$0	$0
BOB MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE PFLUM	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
DALE STRONG	DIRECTOR	1.00	Director	$0	$0	$0
GRACE TURNER-CLIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
PAM WOOD	DIRECTOR	1.00	Director	$0	$0	$0
RON WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DICK HANKINS	DIRECTOR	1.00	Director	$0	$0	$0
RALPH HIMELICK	DIRECTOR	1.00	Director	$0	$0	$0
SAM HARVEY	DIRECTOR	1.00	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
2025	$44,020	$40,422	$797,274	$3,598
2024	$68,072	$47,070	$793,676	$21,002
2023	$57,721	$57,764	$772,674	$-43
2022	$32,907	$48,954	$772,717	$-16,047
2021	$37,617	$36,567	$788,764	$1,050