Madison County Historical Society

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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

1921

Legal Domicile

Principal Officer

Fred Faust

Phone

6186567562

Tax Period

2025-01-01 to 2025-12-31

Madison County Historical Society, founded in 1921, is a small nonprofit that reported $245K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $668K represent 33 months of operating reserves.

Mission

Our mission is "Opening Doors to Madison County History". MCHS preserves the history of Madison County, Illinois, by gathering artifacts and records of life and people in Madison, County, IL.

Program Service Accomplishments

Program 1

Expenses: $182,278 Revenue: $244,726

All revenue is used to support the operation, maintenance and educational outreach of the Madison County museum & archival library. The facilities are open to the public at no charge. Special...

All revenue is used to support the operation, maintenance and educational outreach of the Madison County museum & archival library. The facilities are open to the public at no charge. Special exhibits are displayed from time to time and scheduled tours for groups, school children, families, etc are conducted. Educational programs, i.e. history camp, speaker series, history days festival, teacher develop- ment workshops, are offered frequently. The archival library is a collection of historical records primarily related to Madison County businesses, industry, and its residents. No grants are made to others.

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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 $142,849

Program Service Revenue $5,094

Investment Income $19,556

Other Revenue $77,227

TOTAL REVENUE $244,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,916

Fundraising Expenses $2,813

Program Expenses $182,278

Other Expenses $167,114

TOTAL EXPENSES $238,030

Year-over-Year Comparison

	2025	2024	Change
Revenue	$244,726	$174,797	+0.4%
Expenses	$238,030	$274,252	-0.1%
Net Income	$6,696	$-99,455	-1.1%

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
LESLIE BEDNAR	director	5.00	Director	$0	$0	$0
ROBERT CLOUSE	Vice President	30.00	Officer Director	$0	$0	$0
STEVE HANSEN	director	15.00	Director	$0	$0	$0
CANDACE LADD	director	6.00	Officer Director	$0	$0	$0
STEVE MUDGE	director	8.00	Director	$0	$0	$0
JEFF PAUK	director	1.00	Director	$0	$0	$0
CINDY REINHARDT	director	27.00	Director	$0	$0	$0
FRED FAUST	President	12.00	Officer Director	$0	$0	$0
TALLIN CURRAN	Secretary	1.50	Director	$0	$0	$0
ARNOLD MEYER	Treasurer	20.00	Officer Director	$0	$0	$0
NORMA ASADORIAN	director	15.00	Director	$0	$0	$0
ROBERT DAIBER	director	2.00	Director	$0	$0	$0
CAROL MANNING	director	15.00	Director	$0	$0	$0
JEFF SKOBLOW	director	5.00	Director	$0	$0	$0
DONNA BISSET	director	5.00	Director	$0	$0	$0
WILBERT GLASPER	Director	1.00	Director	$0	$0	$0
MARK VON NIDA	Director	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
2025	$244,726	$238,030	$668,426	$6,696
2024	$174,797	$274,252	$773,713	$-99,455
2023	$282,983	$468,610	$761,185	$-185,627
2022	$472,456	$166,928	$946,812	$305,528
2021	$62,704	$44,766	$641,284	$17,938
2020	$78,242	$119,200	$623,346	$-40,958