Ankeny Area Historical Society (EIN 421323760) - 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

1988

Legal Domicile

Principal Officer

JoAnn Adamson

Phone

5159655795

Tax Period

2024-01-01 to 2024-12-31

Ankeny Area Historical Society, founded in 1988, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $81K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $72K left a modest 11% surplus.

Mission

To collect and secure artifacts and historical records representing Ankeny and surrounding communities for the purpose of preserving our American heritage.

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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 $66,634

Program Service Revenue $0

Investment Income $4,721

Other Revenue $9,612

TOTAL REVENUE $80,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,961

Fundraising Expenses $0

Program Expenses $70,121

Other Expenses $62,132

TOTAL EXPENSES $72,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,967	$151,946	-0.5%
Expenses	$72,093	$68,564	+0.1%
Net Income	$8,874	$83,382	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JoAnn Adamson	Co-President	1.00	Officer Director	$0	$0	$0
Lois O'Donnell	Co-President	1.00	Officer Director	$0	$0	$0
Carmine Boal	Vice-President	1.00	Officer Director	$0	$0	$0
Rosemary Taylor	Secretary	1.00	Officer Director	$0	$0	$0
Jim Nervig	Treasurer	1.00	Officer Director	$0	$0	$0
Joey Beech	Director	1.00	Director	$0	$0	$0
Sue Davidson	Director	1.00	Director	$0	$0	$0
Jason Duke	Director	1.00	Director	$0	$0	$0
Bob Fontana	Director	1.00	Director	$0	$0	$0
Asa Hutton	Director	1.00	Director	$0	$0	$0
Rob Logan	Director	1.00	Director	$0	$0	$0
Norman McCleary	Director	1.00	Director	$0	$0	$0
Joe Pitts	Director	1.00	Director	$0	$0	$0
Janet Willey	Director	1.00	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	$80,967	$72,093	$725,061	$8,874
2023	$151,946	$68,564	$717,232	$83,382
2022	$63,917	$64,534	$633,850	$-617
2021	$47,113	$64,224	$634,467	$-17,111
2020	$64,868	$51,687	$651,578	$13,181
2019	$83,284	$73,986	$638,397	$9,298

Ankeny Area Historical Society