The Illinois State Historical Society (EIN 370767410) - 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

1899

Legal Domicile

Principal Officer

William J Furry

Phone

2175252781

Tax Period

2024-01-01 to 2024-12-31

The Illinois State Historical Society, founded in 1899, is a small nonprofit that reported $417K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $2.4M represent 68 months of operating reserves.

Mission

TO PROVIDE FUNDING AND SUPPORT SERVICES IN RELATION TO THE RESEARCH AND DEVELOPMENT OF HISTORICAL INFORMATION REGARDING THE STATE OF ILLINOIS HISTORY.

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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 $145,409

Program Service Revenue $52,733

Investment Income $153,153

Other Revenue $66,045

TOTAL REVENUE $417,340

Expense Breakdown

Grants Paid $8,495

Salaries & Benefits $186,194

Fundraising Expenses $0

Program Expenses $120,790

Other Expenses $237,136

TOTAL EXPENSES $431,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$417,340	$334,203	+0.2%
Expenses	$431,825	$425,674	+0.0%
Net Income	$-14,485	$-91,471	-0.8%

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

N/A

Employees

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

$78,213

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William J Furry	Executive Dir.	40.00	Officer	$78,213	$0	$78,213
John Hallwas	President	1.00	Director	$0	$0	$0
Aaron Lisec	Director	1.00	Director	$0	$0	$0
Ty Rohrer	Treasurer	1.00	Director	$0	$0	$0
Jenny Barker-Devine	Director	1.00	Director	$0	$0	$0
Robert Sampson	Director	1.00	Director	$0	$0	$0
Nathan Pierce	Director	1.00	Director	$0	$0	$0
Tim Draper	Director	1.00	Director	$0	$0	$0
Debra Dudek	Secretary	1.00	Director	$0	$0	$0
William P Shannon IV	Vice President	1.00	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	$417,340	$431,825	$3,088,622	$-14,485
2023	$334,203	$425,674	$2,894,222	$-91,471
2022	$273,962	$398,046	$2,700,282	$-124,084
2021	$488,045	$407,667	$3,306,877	$80,378
2020	$290,098	$375,321	$3,035,965	$-85,223
2019	$373,816	$354,456	$2,847,187	$19,360
2018	$331,177	$385,443	$2,505,551	$-54,266

The Illinois State Historical Society