RACINE COUNTY HISTORICAL SOCIETY & MUSEUM INC

EIN: 391433914 501(c)(3)

RACINE, WI

Total Revenue
$497,258
Total Expenses
$513,946
Total Assets
$3,103,563
Net Assets
$3,081,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
WI
Phone
2626363926
Tax Period
2023-01-01 to 2023-12-31

RACINE COUNTY HISTORICAL SOCIETY & MUSEUM INC is a small nonprofit that reported $497K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Net assets of $3.1M represent 74 months of operating reserves.

Mission

Racine County Historical Society & Museum, Inc. serves the community by advancing an understanding and appreciation of history and cultural heritage through research, publications, educational activities and display of collections.

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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 $174,936
Program Service Revenue $8,225
Investment Income $207,665
Other Revenue $106,432
TOTAL REVENUE $497,258

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,569
Fundraising Expenses $21,505
Program Expenses $385,030
Other Expenses $303,377
TOTAL EXPENSES $513,946

Year-over-Year Comparison

2023 2022 Change
Revenue $497,258 $319,120 +0.6%
Expenses $513,946 $326,218 +0.6%
Net Income $-16,688 $-7,098 +1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
42
Volunteers
40

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
5
$69,377
Total Directors
12
$69,377
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER PAULSON Executive Direc 40.00
Officer Director
$65,908 $3,469 $69,377
DON TROTTIER Director 1.00
Director
$0 $0 $0
LAURA SIMSON Director 1.00
Director
$0 $0 $0
MILTON DOCKERY Vice Chairman 1.00
Officer Director
$0 $0 $0
NORRIS RICHARDSON Treasurer 1.00
Officer Director
$0 $0 $0
CRYSTIANA SCHLITZ Secretary 20.00
Officer Director
$0 $0 $0
KEITH KOHLMANN Director 1.00
Director
$0 $0 $0
DAVE BLANK Director 1.00
Director
$0 $0 $0
PAT BOHON Chairman 0.00
Officer Director
$0 $0 $0
OLIVER NIELSEN Director 1.00
Director
$0 $0 $0
MARCUS WEST Director 1.00
Director
$0 $0 $0
MALLORY UMAR Director 0.00
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 $497,258 $513,946 $3,103,563 $-16,688
2021 $1,455,899 $324,455 $3,312,024 $1,131,444
2020 $343,818 $304,294 $2,206,490 $39,524
2019 $348,203 $316,297 $2,111,457 $31,906
2018 $433,207 $307,338 $1,963,646 $125,869
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