HOUGHTON 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

1961

Legal Domicile

Principal Officer

GEORGE WEST

Phone

9062964121

Tax Period

2023-01-01 to 2023-12-31

HOUGHTON COUNTY HISTORICAL SOCIETY, founded in 1961, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 68% operating deficit.

Mission

OPERATION OF A HISTORICAL MUSEUM

Program Service Accomplishments

Program 1

Expenses: $55,673 Revenue: $5,458

DISCOVER, PROCURE AND PRESERVE ITEMS WHICH RELATE TO THE HISTORY OF THE COUNTY, VILLAGES AND MINES, ON AND CONTIGUOUS TO LAKE SUPERIOR, HOUGHTON COUNTY, MICHIGAN

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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 $27,788

Program Service Revenue $5,458

Investment Income $4,235

Other Revenue $0

TOTAL REVENUE $37,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,673

Other Expenses $62,785

TOTAL EXPENSES $62,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,481	$122,436	-0.7%
Expenses	$62,785	$54,013	+0.2%
Net Income	$-25,304	$68,423	-1.4%

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

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
GEORGE WEST	PRESIDENT	22.92	Officer Director	$0	$0	$0
DAVID PARKER	VICE PRESIDE	4.32	Officer Director	$0	$0	$0
AVIS WEST	TREASURER	32.35	Director	$0	$0	$0
REBECCA HOVIS	SECRETARY	8.50	Officer Director	$0	$0	$0
BRIAN KEENEY	BOARD MEMBER	13.58	Director	$0	$0	$0
JOHN BERRY	BOARD MEMBER	0.01	Director	$0	$0	$0
GERALD PERREAULT	BOARD MEMBER	2.32	Director	$0	$0	$0
DOUG TERRELL	BOARD MEMBER	7.00	Director	$0	$0	$0
NANCY PARKER	BOARD MEMBER	1.24	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	No data	No data	No data	No data
2023	$37,481	$62,785	$727,973	$-25,304
2022	$122,436	$54,013	$722,778	$68,423
2021	$66,493	$61,196	$695,980	$5,297
2020	$35,126	$47,590	$677,625	$-12,464