Phelps County Historical Society (EIN 470619365) - 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

1980

Legal Domicile

Principal Officer

Patti Simpson

Phone

3089955015

Tax Period

2024-05-01 to 2025-04-30

Phelps County Historical Society, founded in 1980, is a small nonprofit that reported $643K in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $250K, a strong 39% operating margin.

Mission

Public Museum dba as Nebraska Prairie Museum Depicts the history of Phelps County. Displays are expanded and improved on a regular basis.

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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 $494,215

Program Service Revenue $0

Investment Income $62,766

Other Revenue $85,522

TOTAL REVENUE $642,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,969

Fundraising Expenses $0

Program Expenses $89,937

Other Expenses $249,402

TOTAL EXPENSES $392,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$642,503	$287,514	+1.2%
Expenses	$392,371	$353,902	+0.1%
Net Income	$250,132	$-66,388	-4.8%

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

$2,590

Total Directors

Key Employees

$48,565

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patti Simpson	President	3.00	Officer	$2,590	$0	$2,590
John Thorburn	Vice President-Sec	3.00	Officer	$0	$0	$0
Micah Huyser	Director	40.00	Key Emp Highest	$48,565	$0	$48,565
Trisha David	Board Member	3.00	Director	$0	$0	$0
Euna Vosberg	Board Member	3.00	Director	$0	$0	$0
Roger Peterson	Board Member	3.00	Director	$0	$0	$0
Craig Phillips	Board Member	3.00	Director	$0	$0	$0
Mike Hartzog	Board Member	3.00	Director	$0	$0	$0
Mike Williams	Board Member	3.00	Director	$0	$0	$0
Ted Schrock	Board Member	3.00	Director	$0	$0	$0
Chris Diedrichsen	Board Member	3.00	Director	$0	$0	$0
Rod Waltrip	Bord Member	3.00	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	$642,503	$392,371	$2,942,508	$250,132
2024	$287,514	$353,902	$2,658,785	$-66,388
2022	$369,466	$552,836	$2,586,081	$-183,370
2021	$417,764	$349,478	$2,889,488	$68,286
2020	$349,570	$411,226	$2,648,114	$-61,656
2019	$642,168	$392,601	$2,767,207	$249,567

Phelps County Historical Society