GALENA-JO DAVIESS COUNTY HISTORICA… - Form 990 Financial Data

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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

1938

Legal Domicile

Principal Officer

DOUGLAS HILGENDORF

Phone

8157779129

Tax Period

2023-01-01 to 2023-12-31

GALENA-JO DAVIESS COUNTY HISTORICAL SOCIETY INC, founded in 1938, is a small nonprofit that reported $590K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $136K, a strong 23% operating margin.

Mission

TO OPERATE A MUSEUM AND RELATED SITES AND TO MAKE EDUCATION PROGRAMMING AND COLLECTIONS ACCESSIBLE THROUGH TRADITIONAL AND CONTEMPORARY METHODS.

Program Service Accomplishments

Program 1

Expenses: $222,562 Revenue: $127,139

HISTORICAL MUSEUM ATTENDANCE OF 9,997 PERSONS.

Program 2

Revenue: $11,577

HISTORICAL BLACKSMITH SHOP ATTENDENCE OF 5,015 PERSONS.

Program 3

Revenue: $10,516

PROVIDE GUIDED TOURS WITH AN EMPHASIS ON HISTORICAL SITES LOCATED WITHIN THE CITY OF GALENA, IL

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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 $287,318

Program Service Revenue $149,232

Investment Income $83,049

Other Revenue $70,367

TOTAL REVENUE $589,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,986

Fundraising Expenses $138,958

Program Expenses $222,562

Other Expenses $262,193

TOTAL EXPENSES $454,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$589,966	$1,894,479	-0.7%
Expenses	$454,179	$374,303	+0.2%
Net Income	$135,787	$1,520,176	-0.9%

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

$67,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BLAUM	DIRECTOR	1.00	Director	$0	$0	$0
JANET EGGLESTON	DIRECTOR	1.00	Director	$0	$0	$0
CORY RITTERBUSCH	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES RIVOIRE	DIRECTOR	1.00	Director	$0	$0	$0
GARY GULLONE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG HILGENDORF	PRESIDENT	1.00	Officer	$0	$0	$0
BONNIELYNN KREISER	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
JIM DURRANT	TREASURER	10.00	Officer	$0	$0	$0
KRIS CHAPMAN	SECRETARY	1.00	Officer	$0	$0	$0
TESSA FLAK	EXECUTIVE DIRECTOR	40.00	Officer	$67,000	$0	$67,000

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	$589,966	$454,179	$5,248,407	$135,787
2023	No data	No data	No data	No data
2022	$1,894,479	$374,303	$5,090,713	$1,520,176
2020	$457,152	$304,915	$2,502,648	$152,237
2019	$453,893	$501,794	$2,550,859	$-47,901
2018	$981,989	$525,338	$2,592,447	$456,651

GALENA-JO DAVIESS COUNTY HISTORICAL SOCIETY INC