TALIESIN PRESERVATION INC

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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

1990

Legal Domicile

Principal Officer

CARRIE RODAMAKER

Phone

6085887900

Tax Period

2024-01-01 to 2024-12-31

TALIESIN PRESERVATION INC, founded in 1990, is a community nonprofit in the Environment sector that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

AS STEWARDS, TALESIN PRESERVATION, INC.'S DUAL MISSION IS TO PRESERVE THE CULTURAL, BUILT AND NATURAL ENVIORNMENTS THAT COMPRISE THE TALIESIN PROPERTY AND TO CONDUCT PUBLIC EDUCATIONAL AND CULTURAL PROGRAMMING THAT PROVIDES A GREATER UNDERSTANDING OF FRANK LLOYD WRIGHT'S ARCHITECTURE AND IDEAS

Program Service Accomplishments

Program 1

Expenses: $1,949,072 Revenue: $2,533,961

VISITATION PROGRAM:THIS PROGRAM RESPONDS TO A GROWING PUBLIC DEMAND FOR A FIRST-HAND EDUCATIONAL EXPERIENCE AT THE TALIESIN ESTATE. EACH YEAR, OVER 25,000 GUESTS VISIT THE HISTORIC SITE. SEVERAL...

VISITATION PROGRAM:THIS PROGRAM RESPONDS TO A GROWING PUBLIC DEMAND FOR A FIRST-HAND EDUCATIONAL EXPERIENCE AT THE TALIESIN ESTATE. EACH YEAR, OVER 25,000 GUESTS VISIT THE HISTORIC SITE. SEVERAL COMPREHENSIVE TOURS ARE OFFERED AS WELL AS PROGRAMMING TO INTEGRATE THE PRESERVATION FOCUS ON ARCHITECTURE, NATURE AND CULTURE. ENHANCED PUBLIC ACCESS OPPORTUNITIES ALLOW VISITORS TO EXPERIENCE THE TALIESIN LEGACY OF ARCHITECTURE AND DESIGN, EDUCATION, AGRICULTURE AND THE ARTS. TO BALANCE THE VISITOR EXPERIENCE, A GIFTSHOP, CAFE AND EXHIBITS ON FRANK LLOYD WRIGHT'S LIFE, WORK, AND CONCEPTS ARE ALSO OFFERED.

Program 2

Expenses: $164,605

PRESERVATION PROGRAM:THIS PROGRAM PROVIDES RESOURCES FOR THE ONGOING PRESERVATION OF THE TALIESIN ESTATE. THIS INCUDES FINANCIAL CONTRIBUTIONS TOWARD PRESERVATION WORK ON THE BUILDINGS AND...

PRESERVATION PROGRAM:THIS PROGRAM PROVIDES RESOURCES FOR THE ONGOING PRESERVATION OF THE TALIESIN ESTATE. THIS INCUDES FINANCIAL CONTRIBUTIONS TOWARD PRESERVATION WORK ON THE BUILDINGS AND LANDSCAPES, AS WELL AS PRESERVATION COMMITTEE SUPPORT AND PROFESSIONAL WISCONSIN CONNECTIONS IN ORDER TO ENSURE THE INTEGRITY OF THE SITE FOR FUTURE GENERATIONS.

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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 $268,868

Program Service Revenue $1,960,957

Investment Income $115,463

Other Revenue $605,384

TOTAL REVENUE $2,950,672

Expense Breakdown

Grants Paid $163,381

Salaries & Benefits $1,579,368

Fundraising Expenses $569,534

Program Expenses $2,113,677

Other Expenses $1,398,110

TOTAL EXPENSES $3,140,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,950,672	$3,959,621	-0.3%
Expenses	$3,140,859	$2,329,705	+0.3%
Net Income	$-190,187	$1,629,916	-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

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

$197,282

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE AL SHIHABI	DIRECTOR	1.00	Director	$0	$0	$0
KARL KRAEMER	DIRECTOR	1.00	Director	$0	$0	$0
CANDEE ARNDT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MACY	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN BREY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MAISTELMAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS BUCK	DIRECTOR	1.00	Director	$0	$0	$0
RICK MCKENNA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MORGENTHALER	DIRECTOR	1.00	Director	$0	$0	$0
THAD NATION	VICE CHAIRMEN	1.00	Officer Director	$0	$0	$0
BRIAN SCHIMMING	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP PRANGE	CHAIRMEN	1.00	Officer Director	$0	$0	$0
MARK SCHMITZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF RAASCH	DIRECTOR	1.00	Director	$0	$0	$0
VALENTINE SCHUTE JR	DIRECTOR	1.00	Director	$0	$0	$0
GERARD RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VAN ASTEN	DIRECTOR	1.00	Director	$0	$0	$0
ROSHELLE RITZENTHALER	DIRECTOR	1.00	Director	$0	$0	$0
JAIME ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE SAYERS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA DUMKE	FINANCE DIRECTOR	40.00	Officer	$37,504	$6,222	$43,726
CARRIE RODAMAKER	EXECUTIVE DIRECTOR	40.00	Officer	$126,781	$9,668	$136,449
CYPRESS YORK	PRIOR FINANCE DIRECTOR	40.00	Officer	$15,618	$1,489	$17,107

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	$2,950,672	$3,140,859	$5,590,915	$-190,187
2023	$3,959,621	$2,329,705	$5,811,120	$1,629,916
2022	$2,119,762	$2,171,915	$4,056,210	$-52,153
2021	$2,912,475	$1,884,522	$4,141,300	$1,027,953
2020	$1,163,316	$1,577,257	$3,106,758	$-413,941
2019	$2,273,658	$2,282,969	$3,351,370	$-9,311
2018	$2,068,632	$1,954,599	$3,334,601	$114,033