MCHENRY 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

BOB FRENZ

Phone

8159232267

Tax Period

2024-07-01 to 2025-06-30

MCHENRY COUNTY HISTORICAL SOCIETY, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $556K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $531K left a modest 5% surplus.

Mission

HISTORY MUSEUM OF MCHENRY COUNTY, ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $462,315 Revenue: $43,743

PROMOTE AND MAINTAIN HISTORICAL HERITAGE OF MCHENRY COUNTY, ILLINOIS THROUGH PRESERVATION OF ARTIFACTS, PROVIDING EDUCATION AND INFORMATION TO STUDENTS AND CITIZENS.

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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 $107,256

Program Service Revenue $43,743

Investment Income $404,711

Other Revenue $673

TOTAL REVENUE $556,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,281

Fundraising Expenses $0

Program Expenses $462,315

Other Expenses $260,624

TOTAL EXPENSES $530,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,383	$602,912	-0.1%
Expenses	$530,905	$509,162	+0.0%
Net Income	$25,478	$93,750	-0.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB FRENZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
LONNI OLDHAM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MOLLY WALSH	TREASURER	N/A	Officer Director	$0	$0	$0
NANCY L BAKER	SECRETARY	N/A	Officer Director	$0	$0	$0
DON ROSE	DIRECTOR	N/A	Director	$0	$0	$0
ARLYN BOOTH	DIRECTOR	N/A	Director	$0	$0	$0
CAROLINE SOBOLAK	DIRECTOR	N/A	Director	$0	$0	$0
DAN RING	DIRECTOR	N/A	Director	$0	$0	$0
DEBRA PERKINS SILKER	DIRECTOR	N/A	Director	$0	$0	$0
KAREN PARKS	DIRECTOR	N/A	Director	$0	$0	$0
ED URBAN	DIRECTOR	N/A	Director	$0	$0	$0
DAWN MILARSKY	DIRECTOR	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
2025	$556,383	$530,905	$8,258,181	$25,478
2024	$602,912	$509,162	$7,937,913	$93,750
2023	$424,144	$488,822	$7,572,672	$-64,678
2022	$433,208	$408,301	$7,331,703	$24,907
2021	$522,302	$394,076	$8,447,815	$128,226
2020	$159,073	$390,872	$6,775,541	$-231,799
2019	$173,232	$417,668	$7,123,060	$-244,436