BAYFIELD HERITAGE ASSOCIATION INC

EIN: 391307338 501(c)(3) Arts, Culture & Humanities

BAYFIELD, WI

Total Revenue
$102,049
Total Expenses
$107,038
Total Assets
$1,116,361
Net Assets
$1,116,176
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
WI
Principal Officer
JERRY PHILLIPS
Phone
7157795958
Tax Period
2023-01-01 to 2023-12-31

BAYFIELD HERITAGE ASSOCIATION INC, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $102K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 131 months of operating reserves.

Mission

TO COLLECT AND PRESERVE HISTORICAL ARCHIVAL MATERIALS AND RELATED ARTIFACTS OF THE CITY OF BAYFIELD AND THE SURROUNDING AREA IN COOPERATION WITH OTHER REGIONAL HISTORICAL ENTITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $83,973
Program Service Revenue $0
Investment Income $11,974
Other Revenue $6,102
TOTAL REVENUE $102,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,225
Fundraising Expenses $193
Program Expenses $86,230
Other Expenses $87,813
TOTAL EXPENSES $107,038

Year-over-Year Comparison

2023 2022 Change
Revenue $102,049 $194,607 -0.5%
Expenses $107,038 $118,437 -0.1%
Net Income $-4,989 $76,170 -1.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
20

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
$11,792
Total Directors
11
$17,859
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTI PETERSON TREASURER 5.00
Officer Director
$11,792 $0 $11,792
MARISA LEE EXEC DIRECTO 40.00
Director
$6,067 $0 $6,067
KRISTIN CONNELL DIRECTOR N/A
Director
$0 $0 $0
MARY JO FAIRBANKS DIRECTOR N/A
Director
$0 $0 $0
SUSAN GERZINA SECRETARY N/A
Officer Director
$0 $0 $0
ELLEN HAUSER DIRECTOR N/A
Director
$0 $0 $0
JOHN KLUNGNESS DIRECTOR N/A
Director
$0 $0 $0
JERRY PHILLIPS PRESIDENT N/A
Officer Director
$0 $0 $0
MARILYN VAN SANT VICE PRESIDE N/A
Officer Director
$0 $0 $0
MIKE SPENCE DIRECTOR N/A
Director
$0 $0 $0
DAN WILCZEK DIRECTOR N/A
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 $102,049 $107,038 $1,116,361 $-4,989
2022 $194,607 $118,437 $1,077,747 $76,170
2021 $159,959 $140,069 $1,071,113 $19,890
2020 $105,579 $123,102 $1,034,397 $-17,523
2019 $79,988 $148,214 $1,027,799 $-68,226
2018 $82,835 $134,854 $1,034,124 $-52,019
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