THE OLD RUGGED CROSS HISTORICAL SOC

EIN: 382423661 501(c)(3) Arts, Culture & Humanities

REED CITY, MI

Total Revenue
$331,301
Total Expenses
$14,712
Total Assets
$355,663
Net Assets
$355,663
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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
1981
Legal Domicile
MI
Principal Officer
NATHAN BAILEY
Tax Period
2021-01-01 to 2021-12-31

THE OLD RUGGED CROSS HISTORICAL SOC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $331K in total revenue in fiscal year 2021. The organization ran a surplus of $317K, a strong 96% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE AND COLLECT CONTRIBUTIONS TO MAINTAIN A MEMORIAL TO GEORG AND HANNAH (DAHLSTROM) BENNARD AND TO SECURE HOLD TITLE LEASE BORROW OR RENT ARTIFACTS PERTINENT TO THE HISTORICAL SIGNIFICANCE OF OSCEOLA COUNTY REED CITY AND OR REV GEORGE AN

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $330,256
Program Service Revenue $0
Investment Income $23
Other Revenue $1,022
TOTAL REVENUE $331,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,987
Other Expenses $14,712
TOTAL EXPENSES $14,712

Year-over-Year Comparison

2021 2020 Change
Revenue $331,301 N/A N/A
Expenses $14,712 N/A N/A
Net Income $316,589 N/A N/A
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAIL BAILEY TREASURER 0.00
Officer
$0 $0 $0
LINDA BACKUS SECRETARY 0.00
Officer
$0 $0 $0
NATHAN BAILEY PRESIDENT 0.00
Officer
$0 $0 $0
KATHALEEN YOST VICE PRESIDENT 0.00
Officer
$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
2021 $331,301 $14,712 $355,663 $316,589
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