Elkhorn Valley Historical Society of Norfolk (EIN 363377579) - 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

1958

Legal Domicile

Principal Officer

Lynn Laible

Phone

4023718699

Tax Period

2024-07-01 to 2025-06-30

Elkhorn Valley Historical Society of Norfolk, founded in 1958, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $216K exceeded revenue, resulting in a 55% operating deficit.

Mission

To connect people with the cultural and historical legacy of our region.

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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 $103,217

Program Service Revenue $24,021

Investment Income $251

Other Revenue $12,214

TOTAL REVENUE $139,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,264

Fundraising Expenses $0

Program Expenses $176,198

Other Expenses $164,798

TOTAL EXPENSES $216,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,703	$159,143	-0.1%
Expenses	$216,062	$225,323	0.0%
Net Income	$-76,359	$-66,180	+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

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

$42,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Laible	President	0.00	Officer Director	$0	$0	$0
Vicki Blattert	Secretary	0.00	Officer Director	$0	$0	$0
Natalie Kent	Treasurer	0.00	Officer Director	$0	$0	$0
Christina Pimentel	Board Member	0.00	Director	$0	$0	$0
Glenn Wapelhorst	Vice President	0.00	Officer Director	$0	$0	$0
Elizabeth McKay	Executive Director	40.00	Director	$42,000	$0	$42,000
Karen Gray	Board Member	0.00	Director	$0	$0	$0
Austin Truex	Board Member	0.00	Director	$0	$0	$0
Ben Wicker	Board Member	0.00	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
2025	$139,703	$216,062	$2,372,977	$-76,359
2024	$159,143	$225,323	$2,324,421	$-66,180
2023	$91,617	$163,556	$2,274,371	$-71,939
2022	$82,753	$197,992	$2,260,432	$-115,239
2021	$226,328	$352,587	$2,517,946	$-126,259
2020	$149,067	$273,486	$2,037,689	$-124,419
2019	$137,138	$200,386	$2,210,436	$-63,248

Elkhorn Valley Historical Society of Norfolk