Ankeny Area 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

1988

Legal Domicile

Principal Officer

JoAnn Adamson

Phone

5159655795

Tax Period

2025-01-01 to 2025-12-31

Ankeny Area Historical Society, founded in 1988, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $67K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $92K exceeded revenue, resulting in a 37% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $88,468 Revenue: $0

Operation of the historical museum, including collection of artifacts and other historical information for display in the historical museum.

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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 (2025)

Revenue Breakdown

Contributions & Grants $54,025

Program Service Revenue $0

Investment Income $9,604

Other Revenue $3,379

TOTAL REVENUE $67,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,896

Fundraising Expenses $0

Program Expenses $88,468

Other Expenses $77,985

TOTAL EXPENSES $91,881

Year-over-Year Comparison

	2025	2024	Change
Revenue	$67,008	$80,967	-0.2%
Expenses	$91,881	$72,093	+0.3%
Net Income	$-24,873	$8,874	-3.8%

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
Madison Zirretta	Secretary	1.00	Officer Director	$0	$0	$0
John Wolff	Treasurer	1.00	Officer Director	$0	$0	$0
Bob Fontana	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
Renee Heberer	Director	1.00	Director	$0	$0	$0
Asa Hutton Jr	Director	1.00	Director	$0	$0	$0
Janet Willey	Director	1.00	Director	$0	$0	$0
Andy Logan	Director	1.00	Director	$0	$0	$0
Joe Pitts	Director	1.00	Director	$0	$0	$0
Rose Hutton Taylor	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
2025	$67,008	$91,881	$709,532	$-24,873
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