WILMETTE 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

1965

Legal Domicile

Principal Officer

Rachel Ramirez

Phone

8478537666

Tax Period

2025-01-01 to 2025-12-31

WILMETTE HISTORICAL SOCIETY, founded in 1965, is a micro nonprofit that reported $94K in total revenue in fiscal year 2025. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $129K exceeded revenue, resulting in a 37% operating deficit.

Mission

The Wilmette Historical Society operates a Local History Museum, Conducts Programs of Historical Interest to the Community, Assists individuals to conduct research, operates a website for remote research and runs a monthly history book club.

Program Service Accomplishments

Program 1

Expenses: $121,486 Revenue: $94,422

Operate a local History Museum which is free to the public.

Program 2

Expenses: $0 Revenue: $0

Provides local history programs which are available to the public. The expense for this activity cannot be separated from the other programs so is entered only once on the first program activity

Program 3

Expenses: $0 Revenue: $0

Provides historical resources which are available to the public at no charge. The expense of this activity cannot be separated from other program activites so is included only with the first program...

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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 (2025)

Revenue Breakdown

Contributions & Grants $75,562

Program Service Revenue $1,749

Investment Income $17,111

Other Revenue $0

TOTAL REVENUE $94,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,587

Fundraising Expenses $515

Program Expenses $121,486

Other Expenses $80,451

TOTAL EXPENSES $129,038

Year-over-Year Comparison

	2025	2024	Change
Revenue	$94,422	$63,341	+0.5%
Expenses	$129,038	$133,431	0.0%
Net Income	$-34,616	$-70,090	-0.5%

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

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
Jean Olsen	President	4	Officer Director	$0	$0	$0
Peter Barrow	Director	2	Director	$0	$0	$0
Nancy Canafax	Director	2	Director	$0	$0	$0
Daryl Davidson	Vice President	2	Officer Director	$0	$0	$0
Wendy Fessler	Director	2	Director	$0	$0	$0
Jennifer Gervascio	Secretary	2	Officer Director	$0	$0	$0
Joseph Hinkel	Treasurer	3	Officer Director	$0	$0	$0
Harriet Lightman	Director	2	Director	$0	$0	$0
Lori Matten	Director	2	Director	$0	$0	$0
Susan Mitrano	Director	4	Director	$0	$0	$0
Terry Porter	Director	3	Director	$0	$0	$0
Grace Rosean	Director	2	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	$94,422	$129,038	$1,435,425	$-34,616
2024	$63,341	$133,431	$1,425,316	$-70,090
2023	$88,483	$123,479	$1,386,614	$-34,996
2021	$103,695	$130,596	$1,509,187	$-26,901
2020	$82,684	$109,870	$1,405,780	$-27,186