Lake Bluff History Museum (EIN 364063482) - 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

2001

Legal Domicile

Principal Officer

Kathy O'Hara

Phone

8474821571

Tax Period

2024-01-01 to 2024-12-31

Lake Bluff History Museum, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $152K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 26% operating margin.

Mission

To keep Lake Bluff History alive by researching and preserving historical information, creating interest in and sharing knowledge of local history, inspiring broad participation in events supporting and embodying the spirit and pride characteristic of Lake Bluff.

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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 $16,306

Program Service Revenue $121,933

Investment Income $13,388

Other Revenue $100

TOTAL REVENUE $151,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,882

Other Expenses $112,121

TOTAL EXPENSES $112,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,727	$89,834	+0.7%
Expenses	$112,121	$92,538	+0.2%
Net Income	$39,606	$-2,704	-15.6%

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
Cathy McKechney	Past President	008.00	Officer Director	$0	$0	$0
Pam Russell	Vice President	008.00	Officer Director	$0	$0	$0
Steven Kraus	Treasurer	008.00	Officer Director	$0	$0	$0
Paul Bergmann	Secretary	008.00	Officer Director	$0	$0	$0
Ann Anderson	Director	004.00	Director	$0	$0	$0
Nan Caldwell	Director	004.00	Director	$0	$0	$0
Mark Dewart	Director	004.00	Director	$0	$0	$0
Richard Hegg	Director	004.00	Director	$0	$0	$0
Janie Jerch	Director	004.00	Director	$0	$0	$0
Penny Marsh	Director	004.00	Director	$0	$0	$0
Kathy O'Hara	President	008.00	Officer Director	$0	$0	$0
Harry Nicol	Director	004.00	Director	$0	$0	$0
Margarette Minor	Director	004.00	Director	$0	$0	$0
Bill Raymoure	Director	004.00	Director	$0	$0	$0
Alison Hartline	Director	004.00	Director	$0	$0	$0
Bill Shephard	Director	004.00	Director	$0	$0	$0
Wendy Antrim	Director	004.00	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	$151,727	$112,121	$707,051	$39,606
2023	$89,834	$92,538	$607,317	$-2,704
2022	$231,536	$130,422	$552,741	$101,114
2021	$127,881	$175,387	$521,180	$-47,506
2020	$147,759	$155,492	$506,735	$-7,733

Lake Bluff History Museum