ZEELAND 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

1976

Legal Domicile

Principal Officer

KEN KOLK

Phone

6167724079

Tax Period

2023-01-01 to 2023-12-31

ZEELAND HISTORICAL SOCIETY, founded in 1976, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $166K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO LINK THE PAST AND PRESENT, AND FOSTER CONNECTIONS BETWEEN PEOPLE AND HISTORY BY COLLECTING, PRESERVING, AND INTERPRETING.

Program Service Accomplishments

Program 1

Expenses: $160,534

TO PRESERVE KNOWLEDGE AND ARTIFACTS FROM THE PAST AND PRESENT FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $126,455

Program Service Revenue $0

Investment Income $3,061

Other Revenue $11,123

TOTAL REVENUE $140,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,305

Fundraising Expenses $0

Program Expenses $160,534

Other Expenses $82,550

TOTAL EXPENSES $165,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,639	$110,313	+0.3%
Expenses	$165,855	$160,353	+0.0%
Net Income	$-25,216	$-50,040	-0.5%

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
STEVEN ALBERT	TREASURER	2.00	Officer Director	$0	$0	$0
KEN BING	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KEHRWECKER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KEN KOLK	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT MILLEN	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT SWIERENGA	DIRECTOR	1.00	Director	$0	$0	$0
CHERRIE WEENER	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
2024	No data	No data	No data	No data
2023	$140,639	$165,855	$714,622	$-25,216
2022	$110,313	$160,353	$734,527	$-50,040
2021	$91,614	$129,266	$797,533	$-37,652
2020	$88,179	$64,243	$833,474	$23,936
2019	$190,241	$53,305	$809,067	$136,936
2018	$39,544	$53,037	$672,131	$-13,493