FRANKENMUTH HISTORICAL ASSOCIATION (EIN 386078011) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

HEIDI CHAPMAN

Phone

9896529701

Tax Period

2024-01-01 to 2024-12-31

FRANKENMUTH HISTORICAL ASSOCIATION, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $351K in total revenue in fiscal year 2024. Expenses of $416K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROMOTING THE KNOWLEDGE AND APPRECIATION OF THE LOCAL HERITAGE AMONG THE CITIZENS OF FRANKENMUTH, MICHIGAN.

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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 $173,590

Program Service Revenue $59,746

Investment Income $5,699

Other Revenue $111,683

TOTAL REVENUE $350,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,816

Fundraising Expenses $36,690

Program Expenses $303,211

Other Expenses $159,676

TOTAL EXPENSES $416,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,718	$360,746	0.0%
Expenses	$416,492	$434,338	0.0%
Net Income	$-65,774	$-73,592	-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

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

$57,263

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI CHAPMAN	EXECUTIVE DI	40.00	Officer	$57,263	$0	$57,263
SHELBY ALBRECHT	DIRECTOR	1.00	Director	$0	$0	$0
JIM ENGEL	DIRECTOR	1.00	Director	$0	$0	$0
DEE RUGGIRELLO	DIRECTOR	1.00	Director	$0	$0	$0
HERB ZEILINGER	DIRECTOR	1.00	Director	$0	$0	$0
JOELLE ABKE	VICE-PRESIDE	1.00	Officer	$0	$0	$0
MATT CURTIS	PRESIDENT	1.00	Officer	$0	$0	$0
TERESA HERZOG	SECRETARY	1.00	Officer	$0	$0	$0
MARGARET JOHNSTON	TREASURER	1.00	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
2024	$350,718	$416,492	$1,455,372	$-65,774
2023	$360,746	$434,338	$1,503,344	$-73,592
2023	$360,746	$434,338	$1,503,344	$-73,592
2022	$662,398	$405,277	$1,510,407	$257,121
2021	$393,887	$423,923	$1,306,546	$-30,036
2020	$328,900	$525,955	$1,301,202	$-197,055
2020	$328,900	$525,955	$1,301,202	$-197,055
2019	$306,853	$340,271	$1,509,615	$-33,418
2018	$244,695	$317,763	$1,469,926	$-73,068

FRANKENMUTH HISTORICAL ASSOCIATION