CLAY COUNTY HERITAGE (EIN 426060183) - 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

1960

Legal Domicile

Principal Officer

MARY JO SMITH

Phone

7122623304

Tax Period

2024-01-01 to 2024-12-31

CLAY COUNTY HERITAGE, founded in 1960, is a micro nonprofit that reported $91K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $135K exceeded revenue, resulting in a 49% operating deficit.

Mission

To collect, preserve and display the history and artifacts and educate the residents of Clay County, Iowa about the history of the County.

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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 $69,302

Program Service Revenue $0

Investment Income $4,796

Other Revenue $16,691

TOTAL REVENUE $90,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,856

Fundraising Expenses $0

Program Expenses $105,152

Other Expenses $74,490

TOTAL EXPENSES $135,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,789	$125,580	-0.3%
Expenses	$135,346	$136,065	0.0%
Net Income	$-44,557	$-10,485	+3.2%

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
KRISTINE WILLRETT	Vice President	2.00	Officer Director	$0	$0	$0
CAROLINE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE JOHNSON	Vice President	2.00	Officer Director	$0	$0	$0
SONNA WINTHER	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY JO SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
KAY LAMPORT	President	2.00	Officer Director	$0	$0	$0
SARA RICKE	BOARD MEMBER	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	$90,789	$135,346	$1,959,407	$-44,557
2023	$125,580	$136,065	$2,004,512	$-10,485
2022	$95,747	$209,309	$2,020,527	$-113,562
2021	$164,087	$178,662	$2,113,263	$-14,575
2020	$172,086	$194,754	$2,115,024	$-22,668
2019	$214,025	$200,234	$2,124,536	$13,791
2018	$178,092	$205,231	$2,097,582	$-27,139

CLAY COUNTY HERITAGE