THE CENTRALIA AREA HISTORICAL SOCI… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

MICHAEL MIDDLETON

Phone

6185450657

Tax Period

2024-01-01 to 2024-12-31

THE CENTRALIA AREA HISTORICAL SOCIETY, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $39K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $52K exceeded revenue, resulting in a 34% operating deficit.

Mission

HISTORICAL COLLECTION AND MUSEUM. COLLECTING, STORING, PRESERVING, MAKING AVAILABLE FOR RESEARCH AND PROMOTING THE HISTORY OF THE CITY OF CENTRALIA, IL AND ITS SURROUNDING ENVIRONS.

Program Service Accomplishments

Program 1

Expenses: $48,407 Revenue: $3,337

HISTORICAL COLLECTION MUSEUM & EDUCATION

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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 $32,485

Program Service Revenue $3,337

Investment Income $3,146

Other Revenue $199

TOTAL REVENUE $39,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,208

Fundraising Expenses $0

Program Expenses $52,393

Other Expenses $43,185

TOTAL EXPENSES $52,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,167	$26,908	+0.5%
Expenses	$52,393	$43,243	+0.2%
Net Income	$-13,226	$-16,335	-0.2%

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

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

$8,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MIDDLETON	EXECUTIVE DI	10.00	Officer	$8,554	$0	$8,554
JESSIYCKA NIX COLEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM DANIELWICZ	DIRECTOR	1.00	Director	$0	$0	$0
RICK DODSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH DONAHUE	DIRECTOR	1.00	Director	$0	$0	$0
JOE MAYORAL	TREASURER	1.00	Officer Director	$0	$0	$0
RAE ANN QUIDGEON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SULCER	DIRECTOR	1.00	Director	$0	$0	$0
JASON TATE	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY VIROBIK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WALSH	SECRETARY	1.00	Officer 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	$39,167	$52,393	$483,253	$-13,226
2023	$26,908	$43,243	$494,953	$-16,335
2022	$102,572	$39,770	$506,955	$62,802

THE CENTRALIA AREA HISTORICAL SOCIETY