STURGIS 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

1996

Legal Domicile

Principal Officer

JACQUELINE S PERSING

Tax Period

2023-01-01 to 2023-12-31

STURGIS HISTORICAL SOCIETY, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $111K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $332K represent 36 months of operating reserves.

Mission

TO PROVIDE FOR THE PRESERVATION AND PROMOTE KNOWLEDGE OF THE HISTORY OF THE CITY OF STURGIS, MICHIGAN, INCLUDING ESTABLISHING AND MAINTAINING A MUSEUM DEDICATED TO THE HISTORY OF THE CITY.

Program Service Accomplishments

Program 1

Expenses: $376

ENCOURAGING INTEREST IN LOCAL HISTORY AMONG THE CITIZENS OF STURGIS MICHIGAN

Program 2

Expenses: $32,675

FUNDING OF VIDEO PRODUCTIONS TO EDUCATE THE PUBLIC AND PROVIDE A PERMANENT RECORD OF THE SIGNIFICANT EVENTS, STORIES AND INDIVIDUALS THAT CONSTITUTE THE HISTORY OF STURGIS, MICHIGAN.

Program 3

Expenses: $78,569

MAINTAIN A LOCAL MUSEUM AND COLLECTION OF LOCAL ARTIFACTS FOR DISPLAY AS WELL AS SPONSORING EDUCATIONAL EVENTS AT THE MUSEUM TO PROMOTE PUBLIC AWARENESS AND PROVIDE FOR THE PRESERVATION OF THE LOCAL...

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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 $105,343

Program Service Revenue $0

Investment Income $962

Other Revenue $4,760

TOTAL REVENUE $111,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,492

Fundraising Expenses $0

Program Expenses $111,968

Other Expenses $81,777

TOTAL EXPENSES $120,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,065	$118,177	-0.1%
Expenses	$120,269	$123,408	0.0%
Net Income	$-9,204	$-5,231	+0.8%

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
CATHI ABBS	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE BATTEN	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA BOLDA	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE GORSUCH	DIRECTOR	5.00	Director	$0	$0	$0
BRUCE S GOSLING	TREASURER	5.00	Officer Director	$0	$0	$0
KATIE HAMLIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY HAYLETT	DIRECTOR	5.00	Director	$0	$0	$0
TODD MAYNARD	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE MENTER	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUGLAS VAN METER	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE S PERSING	PRESIDENT	10.00	Officer Director	$0	$0	$0
BETSY PRYSER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN WALTKE	VICE PRESIDE	1.00	Officer 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	$111,065	$120,269	$334,180	$-9,204
2022	$118,177	$123,408	$342,292	$-5,231
2021	$115,194	$85,505	$346,950	$29,689
2020	$101,842	$83,061	$317,152	$18,781
2019	$493,509	$478,813	$298,648	$14,696
2018	$366,711	$338,208	$284,424	$28,503