VERMILION HERITAGE FOUNDATION

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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

1983

Legal Domicile

Principal Officer

RUEY SANDUSKY

Phone

2172136162

Tax Period

2025-01-01 to 2025-12-31

VERMILION HERITAGE FOUNDATION, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $561K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $671K exceeded revenue, resulting in a 20% operating deficit.

Mission

RESTORATION AND PRESERVATION OF HISTORIC BUILDINGS - FISCHER GRAND OPERA HOUSE AND ARTS COMPLEX PROVIDING EDUCATION AND ARTS TO THE CENTRAL ILLINOIS REGION

Program Service Accomplishments

Program 1

Expenses: $586,767 Revenue: $323,072

OPERATING THE FISCHER GRAND OPERA HOUSE AS A REGIONAL ARTS COMPLEX FOR EAST CENTRAL 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 (2025)

Revenue Breakdown

Contributions & Grants $238,118

Program Service Revenue $323,072

Investment Income $51

Other Revenue $0

TOTAL REVENUE $561,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,892

Fundraising Expenses $0

Program Expenses $586,767

Other Expenses $607,052

TOTAL EXPENSES $670,944

Year-over-Year Comparison

	2025	2024	Change
Revenue	$561,241	$400,679	+0.4%
Expenses	$670,944	$741,406	-0.1%
Net Income	$-109,703	$-340,727	-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
RUEY SANDUSKY	PRESIDENT	N/A	Officer Director	$0	$0	$0
MIRANDA SHAKE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ASHLYN MASSEY	TREASURER	N/A	Officer Director	$0	$0	$0
JENNIFER DIXSON	SECRETARY	N/A	Officer Director	$0	$0	$0
KAYLA DILLMAN	DIRECTOR	N/A	Director	$0	$0	$0
SEAN DENEAU	DIRECTOR	N/A	Director	$0	$0	$0
NATALYA BOURN	DIRECTOR	N/A	Director	$0	$0	$0
IAN GALBREATH	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS HIGHTOWER	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL KASPER	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL SHORE	DIRECTOR	N/A	Director	$0	$0	$0
MERRIT SPICER	DIRECTOR	N/A	Director	$0	$0	$0
ASHTON GREER	EXECUTIVE DI	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	$561,241	$670,944	$4,168,657	$-109,703
2024	$400,679	$741,406	$4,271,240	$-340,727
2023	$691,709	$791,155	$4,641,796	$-99,446
2022	$663,079	$871,487	$4,768,544	$-208,408
2021	$428,599	$588,399	$5,005,401	$-159,800
2020	$234,916	$461,811	$5,165,562	$-226,895
2019	$4,638,416	$316,859	$5,418,903	$4,321,557