PALM SPRINGS 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

1955

Legal Domicile

Principal Officer

TRACY CONRAD

Phone

7603238297

Tax Period

2024-07-01 to 2025-06-30

PALM SPRINGS HISTORICAL SOCIETY, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $577K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $324K, a strong 56% operating margin.

Mission

TO PROMOTE PUBLIC EDUCATION, AWARENESS, AND APPRECIATION OF THE HISTORY OF PALM SPRINGS, CALIFORNIA THROUGH THE OPERATION OF A HISTORIC MUSEUM AND THE MAINTENANCE AND PRESERVATION OF HISTORIC PHOTOS, DOCUMENTS, AND ARTIFACTS.

Program Service Accomplishments

Program 1

Expenses: $210,247 Revenue: $369,559

OPERATION OF A HISTORICAL MUSEUM WITH OVER 21,000 VISITORS DURING THE 2024 FISCAL YEAR. CATALOG, MAINTAIN, PRESERVE AND DISPLAY OVER 10,000 HISTORICAL PHOTOS, DOCUMENTS, AND ARTIFACTS OF THE PALM...

OPERATION OF A HISTORICAL MUSEUM WITH OVER 21,000 VISITORS DURING THE 2024 FISCAL YEAR. CATALOG, MAINTAIN, PRESERVE AND DISPLAY OVER 10,000 HISTORICAL PHOTOS, DOCUMENTS, AND ARTIFACTS OF THE PALM SPRINGS AREA DIVIDED INTO 56 SEPARATE CATEGORIES. PROVIDED A RESEARCH CENTER TO EXPLORE PALM SPRINGS, ARCHITECTURE, BUILDING HISTORY, FAMILY HISTORY, BIOGRAPHIES, MANUSCRIPTS, BOOKS, AND PERIODICALS. DISTRIBUTED EDUCATIONAL MATERIALS AND PUBLICATIONS FOR THE PUBLIC BENEFIT. ORGANIZED AND CONDUCTED LECTURES AND WALKING/BICYCLE TOURS DURING PALM SPRINGS MODERNISM WEEK EVENTS HELD IN OCTOBER OF 2024 AND FEBRUARY 2025.

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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 $158,471

Program Service Revenue $369,559

Investment Income $37,427

Other Revenue $11,178

TOTAL REVENUE $576,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,061

Fundraising Expenses $21,393

Program Expenses $210,247

Other Expenses $170,976

TOTAL EXPENSES $253,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$576,635	$406,309	+0.4%
Expenses	$253,037	$212,359	+0.2%
Net Income	$323,598	$193,950	+0.7%

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

N/A

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
F THOMAS KIELEY III	DIRECTOR	4.00	Director	$0	$0	$0
GAIL KANTER	DIRECTOR	4.00	Director	$0	$0	$0
STEPHEN NICHOLS	TREASURER	4.00	Director	$0	$0	$0
JOSEPH STUART	DIRECTOR	4.00	Director	$0	$0	$0
KIM MCNULTY	SECRETARY	4.00	Officer Director	$0	$0	$0
SHARON APFELBAUM	DIRECTOR	4.00	Director	$0	$0	$0
VERA WALL	DIRECTOR	4.00	Director	$0	$0	$0
TRACY CONRAD	PRESIDENT	10.00	Officer Director	$0	$0	$0
JARVIS CRAWFORD	DIRECTOR	4.00	Director	$0	$0	$0
DEBBIE PURNELL	DIRECTOR	4.00	Director	$0	$0	$0
H EARL HOOVER II	DIRECTOR	4.00	Director	$0	$0	$0
KATHY LEONARD	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
KITTY KIELEY HAYES	DIRECTOR	4.00	Director	$0	$0	$0
MARVIN ROOS	DIRECTOR	4.00	Director	$0	$0	$0
NEGIE BOGERT	DIRECTOR	4.00	Director	$0	$0	$0
DICK ROGER	DIRECTOR	4.00	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	$576,635	$253,037	$1,538,920	$323,598
2024	$406,309	$212,359	$1,208,779	$193,950
2023	$382,944	$202,390	$1,011,697	$180,554
2022	$307,911	$202,825	$829,628	$105,086
2021	$70,626	$169,939	$744,780	$-99,313
2020	$366,292	$225,688	$810,846	$140,604
2019	$262,164	$167,753	$669,270	$94,411
2018	$304,628	$238,253	$570,165	$66,375