PUTNAM COUNTY 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

1963

Legal Domicile

Principal Officer

WILLIAM DUKE

Phone

8154372963

Tax Period

2024-01-01 to 2024-12-31

PUTNAM COUNTY HISTORICAL SOCIETY, founded in 1963, is a micro nonprofit that reported $25K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $84K exceeded revenue, resulting in a 235% operating deficit.

Mission

COLLECT, PRESERVE, AND DISPLAY PUTNAM COUNTY HISTORICAL ITEMS. EDUCATE PUBLIC AND DISSEMINATE INFORMATION REGARDING PUTNAM COUNTY HISTORY.

Program Service Accomplishments

Program 1

Expenses: $81,475

HISTORICAL AND GENEALOGICAL RESEARCH RESPONDING TO 1500 INQUIRIES BY INDIVIDUALS AND SCHOOLS ANNUALLY. MUSEUM HOUSE DISPLAYS 1844 PERIOD ITEMS. THE AG MUSEUM DISPLAY IMPLEMENTS AND TOOLS OF THE PAST...

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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 $6,326

Program Service Revenue $0

Investment Income $11,507

Other Revenue $7,125

TOTAL REVENUE $24,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,475

Other Expenses $83,540

TOTAL EXPENSES $83,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,958	$16,971	+0.5%
Expenses	$83,540	$65,079	+0.3%
Net Income	$-58,582	$-48,108	+0.2%

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

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
RICHARD ASHDOWN	TRUSTEE	2.00	Director	$0	$0	$0
KAREN BAILEY	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
LORIE BALENSIEFEN	TRUSTEE	2.00	Director	$0	$0	$0
GARY BOGGIO	TRUSTEE	2.00	Director	$0	$0	$0
SUZZANNE BRUCH	TRUSTEE	2.00	Director	$0	$0	$0
SUE CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$0
DARLENE COFOID	TRUSTEE	2.00	Director	$0	$0	$0
BEN DAY	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM DUKE	TREASURER	5.00	Officer Director	$0	$0	$0
KEVIN KUNKEL	TRUSTEE	2.00	Director	$0	$0	$0
LONNA NAUMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
SIDNEY WHITAKER	PRESIDENT	10.00	Officer 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	No data	No data	No data	No data
2024	$24,958	$83,540	$1,005,190	$-58,582
2023	$16,971	$65,079	$955,295	$-48,108
2022	$66,352	$125,359	$1,003,506	$-59,007
2021	$14,156	$76,055	$1,034,213	$-61,899
2020	$18,818	$62,916	$1,096,112	$-44,098
2019	$45,872	$76,479	$1,278,118	$-30,607
2018	$68,379	$73,145	$1,260,109	$-4,766