Charlevoix 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

1972

Legal Domicile

Principal Officer

Geoffrey Reynolds

Phone

2315470373

Tax Period

2024-01-01 to 2024-12-31

Charlevoix Historical Society, founded in 1972, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $73K, a strong 28% operating margin.

Mission

To preserve historical information, restore and maintain historical buildings, and promote historical education.

Program Service Accomplishments

Program 1

Expenses: $163,964

To preserve historical information, restore and maintain historical buildings, and promote historical education.

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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 $235,264

Program Service Revenue $0

Investment Income $4,208

Other Revenue $22,526

TOTAL REVENUE $261,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,058

Fundraising Expenses $8,214

Program Expenses $163,964

Other Expenses $103,813

TOTAL EXPENSES $188,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,998	$284,561	-0.1%
Expenses	$188,871	$207,368	-0.1%
Net Income	$73,127	$77,193	-0.1%

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

N/A

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

$57,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trevor Dotson	Co-Director	40.00	Officer	$38,217	$0	$38,217
David Miles	Co-Director	15.00	Officer	$19,228	$0	$19,228
Geoffrey Reynolds	President	4.00	Officer Director	$0	$0	$0
Tom Darnton	Vice President	4.00	Officer Director	$0	$0	$0
Jamie McLane	Finance Chair	2.00	Officer Director	$0	$0	$0
Janet Kohler	Secretary	2.00	Officer Director	$0	$0	$0
Ken Kranz	Treasurer	2.00	Officer Director	$0	$0	$0
John Duerr	Director	1.00	Director	$0	$0	$0
Amanda Wilkin	Director	1.00	Director	$0	$0	$0
Ole Lyngklip III	Director	1.00	Director	$0	$0	$0
Susan Tukel	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	$261,998	$188,871	$753,046	$73,127
2023	$284,561	$207,368	$680,261	$77,193
2022	$176,361	$145,505	$602,894	$30,856
2021	$185,694	$138,763	$578,529	$46,931
2020	$174,848	$140,760	$529,943	$34,088
2018	$283,948	$148,978	$508,189	$134,970