BENZIE AREA HISTORICAL SOCIETY (EIN 381892669) - 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

1969

Legal Domicile

Principal Officer

TRUDI HOOK

Phone

2318825539

Tax Period

2024-01-01 to 2024-12-31

BENZIE AREA HISTORICAL SOCIETY, founded in 1969, is a small nonprofit that reported $532K in total revenue in fiscal year 2024. Revenue surged 276% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 65% operating margin.

Mission

TO CONNECT PEOPLE TO THE PAST THROUGH THE VIBRANT STORY OF OUR REGION. BY COLLECTING, PRESERVING AND INTERPRETING THE HISTORY OF THE BENZIE AREA. WE LINK THE PAST WITH THE PRESENT AND INSPIRE FUTURE GENERATIONS.

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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 $482,825

Program Service Revenue $9,849

Investment Income $29,440

Other Revenue $10,333

TOTAL REVENUE $532,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,182

Fundraising Expenses $0

Program Expenses $158,723

Other Expenses $129,233

TOTAL EXPENSES $184,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$532,447	$141,752	+2.8%
Expenses	$184,415	$165,954	+0.1%
Net Income	$348,032	$-24,202	-15.4%

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
JOHN COLLINS	SECRETARY	10.00	Officer Director	$0	$0	$0
PHYLLIS KLADDER	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
JERRY HEIMAN	DIRECTOR	4.00	Director	$0	$0	$0
LARRY WHITE	PRESIDENT	30.00	Officer Director	$0	$0	$0
TRUDI HOOK	TREASURER	7.00	Officer Director	$0	$0	$0
LINDA WOOD	DIRECTOR	3.00	Director	$0	$0	$0
DAVE REID	DIRECTOR	7.50	Director	$0	$0	$0
TIM FOSTER	DIRECTOR	6.00	Director	$0	$0	$0
JANE FREELAND-GERSCHICK	DIRECTOR	4.00	Director	$0	$0	$0
CHARLES KRAUS	DIRECTOR	1.50	Director	$0	$0	$0
STACY DANIELS	DIRECTOR	0.50	Director	$0	$0	$0
STEVE VEATCH	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
MERCEDES BOWYER	DIRECTOR	0.00	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
2024	$532,447	$184,415	$1,564,987	$348,032
2023	$141,752	$165,954	$1,194,140	$-24,202
2022	$136,597	$194,368	$1,172,515	$-57,771
2021	$529,982	$208,503	$1,313,975	$321,479
2020	$623,566	$121,147	$998,900	$502,419

BENZIE AREA HISTORICAL SOCIETY