CRETE AREA HISTORICAL SOCIETY

EIN: 363497853 501(c)(3) Arts, Culture & Humanities

CRETE, IL

Total Revenue
$162,300
Total Expenses
$115,490
Total Assets
$287,562
Net Assets
$287,562
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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
2019
Legal Domicile
IL
Principal Officer
MIKE WAITER
Tax Period
2025-01-01 to 2025-12-31

CRETE AREA HISTORICAL SOCIETY, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $162K in total revenue in fiscal year 2025. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 29% operating margin.

Mission

PRESERVE DISPLAY AND COMMUNICATE THE HISTORY OF CRETE ILLINOIS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $157,306
Program Service Revenue $0
Investment Income $4,994
Other Revenue $0
TOTAL REVENUE $162,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $115,490
TOTAL EXPENSES $115,490

Year-over-Year Comparison

2025 2024 Change
Revenue $162,300 $90,672 +0.8%
Expenses $115,490 $80,745 +0.4%
Net Income $46,810 $9,927 +3.7%
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM PIEPENBRINK PRESIDENT 035.00
Officer
$0 $0 $0
PHYLLIS MONKS VICE PRESIDENT 007.00
Officer
$0 $0 $0
JO HANSEN TREASURER 010.00
Officer
$0 $0 $0
SHEILA LANGENFELD SECRETARY 012.00
Officer Key Emp
$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 $162,300 $115,490 $287,562 $46,810
2024 $90,672 $80,745 $240,752 $9,927
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