HARBOR SPRINGS AREA HISTORICAL SOCIETY (EIN 382934124) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

JAY NEFF

Phone

2315269771

Tax Period

2023-01-01 to 2023-12-31

HARBOR SPRINGS AREA HISTORICAL SOCIETY, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $561K, a strong 55% operating margin.

Mission

TO PRESERVE, INTERPRET, AND SHARE THE HISTORY OF THE HARBOR SPRINGS AREA, WHILE ENCOURAGING CURIOSITY AND PROMOTING AN UNDERSTANDING OF HOW THE LESSONS OF THE PAST FOSTER AN INFORMED COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $876,545

Program Service Revenue $90,146

Investment Income $47,861

Other Revenue $1,594

TOTAL REVENUE $1,016,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,679

Fundraising Expenses $133,595

Program Expenses $265,687

Other Expenses $232,315

TOTAL EXPENSES $454,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,016,146	$1,423,921	-0.3%
Expenses	$454,994	$452,418	+0.0%
Net Income	$561,152	$971,503	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$99,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTYN BALOG	EXECUTIVE DI	55.00	Officer	$96,400	$2,912	$99,312
MATTHEW CLARKE	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUE CONLON	PART-YEAR TR	1.00	Director	$0	$0	$0
JACK DEEGAN	TRUSTEE	1.00	Director	$0	$0	$0
KELLY DUTCHER	TRUSTEE	1.00	Director	$0	$0	$0
LEE FORD	SECRETARY	1.50	Director	$0	$0	$0
NATE GRAHAM	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY JONES	PART-YEAR SE	1.50	Officer Director	$0	$0	$0
DAVID KUCKELMAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT LAAKMAN	TREASURER	3.00	Director	$0	$0	$0
JAY NEFF	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW PARMENTER	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
JOHN PENNELL	TRUSTEE	1.00	Director	$0	$0	$0
MARCI REYES	TRUSTEE	1.00	Director	$0	$0	$0
TRACY SOUDER	TRUSTEE	3.00	Director	$0	$0	$0
MELISSA WIATROLIK	TRUSTEE	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	$1,016,146	$454,994	$4,720,717	$561,152
2022	$1,423,921	$452,418	$3,974,915	$971,503
2021	$1,026,007	$334,044	$3,148,837	$691,963
2020	$467,613	$300,360	$2,541,470	$167,253
2019	$429,466	$333,396	$2,387,918	$96,070
2018	$307,375	$328,982	$2,292,636	$-21,607

HARBOR SPRINGS AREA HISTORICAL SOCIETY