COLFAX HISTORICAL SOCIETY INC

EIN: 421465732 501(c)(3) Arts, Culture & Humanities

Colfax, IA

Total Revenue
$28,958
Total Expenses
$28,114
Total Assets
$445,856
Net Assets
$445,856
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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
1979
Legal Domicile
IA
Principal Officer
KEVIN WILLIAMS
Phone
5156740215
Tax Period
2023-01-01 to 2023-12-31

COLFAX HISTORICAL SOCIETY INC, founded in 1979, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $29K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $446K represent 185 months of operating reserves.

Mission

THIS ORGANIZATIONS DISPLAYS ARTIFACTS AND MEMORABILIA OF THE HISTORY OF COLFAX AND SURROUNDING AREA

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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 $17,565
Program Service Revenue $0
Investment Income $203
Other Revenue $11,190
TOTAL REVENUE $28,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $28,114
TOTAL EXPENSES $28,114

Year-over-Year Comparison

2023 2022 Change
Revenue $28,958 $50,138 -0.4%
Expenses $28,114 $67,044 -0.6%
Net Income $844 $-16,906 -1.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN WILLIAMS VICE PRESIDENT 2.00
Officer
$0 $0 $0
LARRY DRAFT VICE PRESIDENT 5.00
Officer
$0 $0 $0
KAREN RUSSELL SECRETARY 1.00
Officer
$0 $0 $0
AARON BARTHOLMEY TREASURER 1.00
Officer
$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
2023 $28,958 $28,114 $445,856 $844
2022 $50,138 $67,044 $445,012 $-16,906
2021 $27,649 $25,478 $461,918 $2,171
2020 $23,700 $106,389 $459,747 $-82,689
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