VERMILION HERITAGE FOUNDATION (EIN 371228476) - 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

1983

Legal Domicile

Principal Officer

ASHTON GREER

Phone

2172136162

Tax Period

2024-01-01 to 2024-12-31

VERMILION HERITAGE FOUNDATION, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $401K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $741K exceeded revenue, resulting in a 85% 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

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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 $92,174

Program Service Revenue $308,400

Investment Income $105

Other Revenue $0

TOTAL REVENUE $400,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,361

Fundraising Expenses $0

Program Expenses $628,063

Other Expenses $599,045

TOTAL EXPENSES $741,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,679	$691,709	-0.4%
Expenses	$741,406	$791,153	-0.1%
Net Income	$-340,727	$-99,444	+2.4%

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
ASHTON GREER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MIRANDA SHAKE	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
KEITH SOUZA	SECRETARY	0.50	Officer Director	$0	$0	$0
RUEY SANDUSKY	TREASURER	0.50	Officer Director	$0	$0	$0
STEVE NICHOLS	DIRECTOR	0.50	Director	$0	$0	$0
DON MARROW	DIRECTOR	0.50	Director	$0	$0	$0
KAYLA DILLMAN	DIRECTOR	0.50	Director	$0	$0	$0
SEAN DENEAU	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER DIXSON	DIRECTOR	0.50	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	$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

VERMILION HERITAGE FOUNDATION