BELOIT 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

1918

Legal Domicile

Principal Officer

DONNA LANGFORD

Phone

6083657835

Tax Period

2023-01-01 to 2023-12-31

BELOIT HISTORICAL SOCIETY, founded in 1918, is a small nonprofit that reported $161K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Net assets of $1.3M represent 97 months of operating reserves.

Mission

THE MISSION OF THE BELOIT HISTORICAL SOCIETY IS: CONNECTING PEOPLE WITH BELOIT'S HISTORY TO INSPIRE AN INCLUSIVE, INFORMED, AND ENGAGED COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $90,226 Revenue: $24,317

PROGRAM SERVICES INCLUDE THE OPERATION AND RESTORATION OF THE HANCHETT-BARTLETT HOMESTEAD AND MUSEUM, PROVIDING EXHIBITS OF LOCAL HISTORICAL VALUE AND PROGRAMS FOR THE PUBLIC REGARDING LOCAL...

PROGRAM SERVICES INCLUDE THE OPERATION AND RESTORATION OF THE HANCHETT-BARTLETT HOMESTEAD AND MUSEUM, PROVIDING EXHIBITS OF LOCAL HISTORICAL VALUE AND PROGRAMS FOR THE PUBLIC REGARDING LOCAL HISTORICAL EVENTS, MAINTAINING ARCHIVES, AND PROVIDING HISTORICAL PRESERVATION CONSULTATION. OUR MAJOR PROGRAM OF SERVICE IS PUBLIC EDUCATION. THIS IS MAINLY ACCOMPLISHED THROUGH EXHIBITS AT THE LINCOLN CENTER WHERE WE HAVE A ROTATING SERIES OF SMALL EXHIBITS DURING THE YEAR. WE ALSO HAVE ANNUAL PROGRAMS THAT FEATURE HISTORICAL TOPICS THAT ARE AVAILABLE TO THE SOCIETY MEMBERSHIP AND GENERAL PUBLIC. IN ADDITION, HOUSED IN THE LINCOLN CENTER IS THE SPORTS HALL OF FAME AND THE BELOIT HISTORICAL SOCIETY HALL OF FAME WHICH RECOGNIZE SIGNIFICANT CONTRIBUTIONS FROM INDIVIDUALS TO THE CITY OF BELOIT. A SECOND MAJOR PROGRAM IS THE CARE AND HOUSING OF OUR COLLECTIONS AT OUR HEADQUARTERS BUILDING LINCOLN CENTER. THESE COLLECTIONS OF OBJECTS, BOOKS, PAPERS, ETC. FORM THE FOUNDATION OF ALL OTHER SERVICES AND PROGRAMMING WE PROVIDE. WE HANDLE HUNDREDS OF RESEARCH REQUESTS FOR GENEALOGICAL AND HISTORICAL INFORMATION. OUR PHOTOGRAPHIC COLLECTIONS ARE USED WIDELY BY LOCAL BUSINESSES AND THE GENERAL PUBLIC. A THIRD MAJOR PROGRAM SERVICE IS THE MAINTENANCE AND CARE OF THE NATIONAL REGISTER OF HISTORICAL PLACES LISTED HANCHETT-BARTLETT HOMESTEAD.

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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 $102,822

Program Service Revenue $23,650

Investment Income $38,214

Other Revenue $-4,093

TOTAL REVENUE $160,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,683

Fundraising Expenses $16,519

Program Expenses $90,226

Other Expenses $93,494

TOTAL EXPENSES $176,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,593	$196,481	-0.2%
Expenses	$176,177	$197,833	-0.1%
Net Income	$-15,584	$-1,352	+10.5%

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

$46,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DEXTER	PRESIDENT	8.00	Officer Director	$0	$0	$0
JACKIE JACKSON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD GERHARD	TREASURER (THRU JULY)/DIRECTOR (BEG AUG)	2.00	Director	$0	$0	$0
TOM LARSEN	DIRECTOR (THRU JULY)/TREASURER (BEG AUG)	3.00	Officer Director	$0	$0	$0
ELLEN JOYCE	DIRECTOR	3.00	Director	$0	$0	$0
BETSY SCHMIECHEN	DIRECTOR	2.00	Director	$0	$0	$0
MARK PREUSCHL	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BLAKELY	DIRECTOR	2.00	Director	$0	$0	$0
DONNA LANGFORD	EXECUTIVE DIRECTOR/SECRETARY	42.00	Officer	$46,000	$0	$46,000

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	$160,593	$176,177	$1,300,230	$-15,584
2022	$196,481	$197,833	$1,222,648	$-1,352
2021	$209,904	$171,739	$1,452,022	$38,165
2020	$193,740	$165,720	$1,303,957	$28,020
2019	$161,439	$135,906	$1,214,040	$25,533
2018	$758,961	$132,325	$1,139,511	$626,636