Richland Heritage Museum Foundation (EIN 371157759) - 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

1984

Legal Domicile

Principal Officer

Jack Gorden

Phone

6183953155

Tax Period

2023-04-01 to 2024-03-31

Richland Heritage Museum Foundation, founded in 1984, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 41% operating deficit.

Mission

To establish and maintain a historic museum(s)in & for Richland County,Il; to inform, educate and promote interest in the history of Richland County, State of 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,563

Program Service Revenue $0

Investment Income $713

Other Revenue $23,277

TOTAL REVENUE $31,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,650

Program Expenses $40,607

Other Expenses $44,569

TOTAL EXPENSES $44,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,553	$44,588	-0.3%
Expenses	$44,569	$23,035	+0.9%
Net Income	$-13,016	$21,553	-1.6%

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

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
Jack Gorden	President	4.00	Officer	$0	$0	$0
David McNabb	Immediate Past President/Events Chairman	4.00	Officer	$0	$0	$0
Dick Germer	Vice President	3.00	Officer	$0	$0	$0
Brittany Bass	Secretary	3.00	Officer	$0	$0	$0
Brian Hout	Treasurer	3.00	Officer	$0	$0	$0
Larry Judge	Curator	2.00	Officer	$0	$0	$0
Clarence Smith	Trustee	1.00	Director	$0	$0	$0
Julia Smith	Trustee	1.00	Director	$0	$0	$0
Paul Wirth	Trustee	1.00	Director	$0	$0	$0
Arrah Slichenmyer	Host Coordinator	4.00	Officer	$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	$31,553	$44,569	$798,477	$-13,016
2023	$44,588	$23,035	$811,493	$21,553
2022	$33,561	$32,573	$789,940	$988
2021	$21,695	$13,995	$783,215	$7,700
2020	$20,837	$22,938	$775,514	$-2,101
2019	$40,012	$17,292	$777,606	$22,720

Richland Heritage Museum Foundation