AURORA HISTORICAL SOCIETY

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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

1945

Legal Domicile

Principal Officer

GREGORY PROBST

Phone

6309060650

Tax Period

2023-01-01 to 2023-12-31

AURORA HISTORICAL SOCIETY, founded in 1945, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $244K left a modest 4% surplus.

Mission

THE AURORA HISTORICAL SOCIETY GIVES THE PAST A FUTURE BY COLLECTING, PRESERVING, INTERPRETING, AND PRESENTING THE RICH, DIVERSE HISTORY OF AURORA AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $175,866 Revenue: $1,431

OPERATED, MAINTAINED, AND CONTINUED IMPROVING TWO MAJOR MUSEUM SITES, PLUS RESEARCH ARCHIVES, WITH AN AMBITIOUS SCHEDULE OF EXHIBITS AND RELATED ACTIVITIES. MAINTAINED COLLECTIONS OF THOUSANDS OF...

OPERATED, MAINTAINED, AND CONTINUED IMPROVING TWO MAJOR MUSEUM SITES, PLUS RESEARCH ARCHIVES, WITH AN AMBITIOUS SCHEDULE OF EXHIBITS AND RELATED ACTIVITIES. MAINTAINED COLLECTIONS OF THOUSANDS OF PRICELESS HISTORICAL MATERIALS, INCLUDING ARCHIVAL MATERIALS SUCH AS PHOTOS, DOCUMENTS, AND THREE- DEMENSIONAL ARTIFACTS, ALL RELATING TO AURORA HISTORY, PRESERVING THESE FOR EDUCATION OF PRESENT AND FUTURE GENERATIONS. CONTINUED TO COLLECT AND PRESERVE NEW MATERIALS TO GROW THE COLLECTION. OFFERED OUTREACH AND EDUCTAION THROUGH SPECIAL EVENTS AND ACTIVITIES, WITH HISTORICAL ARTICALS AND PICTORIALS ONLINE THROUGH OUR WEBSITE, AND THROUGH EBLASTS AND INDIVIDUAL CORRESPONDENCE WITH MEMBERS, PATRONS, AND 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 (2023)

Revenue Breakdown

Contributions & Grants $211,196

Program Service Revenue $6,486

Investment Income $39,020

Other Revenue $-2,115

TOTAL REVENUE $254,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,282

Fundraising Expenses $3,674

Program Expenses $175,866

Other Expenses $120,756

TOTAL EXPENSES $244,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,587	$198,987	+0.3%
Expenses	$244,038	$241,353	+0.0%
Net Income	$10,549	$-42,366	-1.2%

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

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

$81,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JAROS	EXECUTIVE DI	65.00	Officer	$63,684	$17,759	$81,443
GREGORY PROBST	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN MEDERNACH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY CAFFEE TWAIT	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN BEE	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA CLAY THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA POTTER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT ROBOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
NICK SARGIS	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN VAN KAMPEN	TRUSTEE	1.00	Director	$0	$0	$0
JIM VARNEY	TRUSTEE	1.00	Director	$0	$0	$0
MARY CLARK ORMOND	TRUSTEE	7.00	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
2024	No data	No data	No data	No data
2023	$254,587	$244,038	$1,003,699	$10,549
2022	$198,987	$241,353	$944,560	$-42,366
2021	$365,766	$210,626	$1,081,502	$155,140
2020	$273,452	$227,378	$966,703	$46,074
2019	$210,023	$213,939	$907,366	$-3,916
2018	$219,490	$207,772	$804,062	$11,718