NORWOOD PARK HISTORICAL SOCIETY (EIN 363270972) - 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

1973

Legal Domicile

Principal Officer

ART KRUMREY

Phone

7736314633

Tax Period

2024-01-01 to 2024-12-31

NORWOOD PARK HISTORICAL SOCIETY, founded in 1973, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $29K, a strong 69% operating margin.

Mission

PRESERVATION, CONSERVATION AND RESTORATION OF A HISTORICAL CHICAGO LANDMARK PROPERTY.

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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 $14,320

Program Service Revenue $10,166

Investment Income $9,706

Other Revenue $8,016

TOTAL REVENUE $42,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $940

Program Expenses $6,870

Other Expenses $13,011

TOTAL EXPENSES $13,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,208	$51,926	-0.2%
Expenses	$13,011	$35,569	-0.6%
Net Income	$29,197	$16,357	+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
LAURA BANASH	CORRESPONDIN	N/A	Director	$0	$0	$0
WILLIAM IACULLO	TREASURER	N/A	Director	$0	$0	$0
ART KRUMREY	PRESIDENT	N/A	Officer Director	$0	$0	$0
HARRIS MILLER	VICE PRESIDE	N/A	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	$42,208	$13,011	$651,065	$29,197
2023	$51,926	$35,569	$568,646	$16,357
2022	$21,199	$15,102	$539,583	$6,097
2021	$9,487	$15,384	$534,653	$-5,897
2020	$26,639	$107,035	$524,904	$-80,396
2019	$38,049	$36,841	$599,193	$1,208
2018	$55,465	$26,736	$572,022	$28,729

NORWOOD PARK HISTORICAL SOCIETY