BISHOP HILL HERITAGE ASSOCIATION (EIN 362688618) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

VICKI MASSIE

Phone

3099273899

Tax Period

2024-01-01 to 2024-12-31

BISHOP HILL HERITAGE ASSOCIATION, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $406K exceeded revenue, resulting in a 22% operating deficit.

Mission

PRESERVE COLONY CULTURE

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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 $100,149

Program Service Revenue $3,640

Investment Income $32,536

Other Revenue $195,228

TOTAL REVENUE $331,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,690

Fundraising Expenses $0

Program Expenses $342,788

Other Expenses $257,951

TOTAL EXPENSES $405,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,553	$599,861	-0.4%
Expenses	$405,641	$515,918	-0.2%
Net Income	$-74,088	$83,943	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERSTEN LANE	DIRECTOR	1.00	Director	$0	$0	$0
BETTE THEMANSON	DIRECTOR	1.00	Director	$0	$0	$0
VICKI MASSIE	TREASURER	2.00	Officer Director	$0	$0	$0
CHERYL DOWELL	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES ASPLUND	DIRECTOR	1.00	Director	$0	$0	$0
JANE TORNQUIST	DIRECTOR	1.00	Director	$0	$0	$0
DENI MENKEN	DIRECTOR	1.00	Director	$0	$0	$0
JEAN COMBITES	DIRECTOR	1.00	Director	$0	$0	$0
LOU LOURDEAU	PRESIDENT	2.00	Officer Director	$0	$0	$0
WARREN SCHULZ	DIRECTOR	1.00	Director	$0	$0	$0
VICKI RABAS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ASPLUND	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA PECK	DIRECTOR	1.00	Director	$0	$0	$0
MARCY STRAND	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TAYLOR	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
2024	$331,553	$405,641	$1,745,260	$-74,088
2023	$599,861	$515,918	$1,798,721	$83,943
2022	$330,679	$380,064	$1,814,463	$-49,385
2021	$352,749	$354,197	$1,791,575	$-1,448
2020	$281,710	$301,183	$1,764,675	$-19,473
2019	$278,336	$319,121	$1,739,127	$-40,785

BISHOP HILL HERITAGE ASSOCIATION