WELSH HERITAGE & CULTURE CENTRE INC

EIN: 470844022 501(c)(3) Arts, Culture & Humanities

WYMORE, NE

Total Revenue
$149,689
Total Expenses
$55,974
Total Assets
$967,115
Net Assets
$967,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NE
Principal Officer
GWENITH CLOSS COLGROVE
Phone
4024218192
Tax Period
2024-01-01 to 2024-12-31

WELSH HERITAGE & CULTURE CENTRE INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $150K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $94K, a strong 63% operating margin.

Mission

DISCOVER, PRESERVE, INTERPRET AND CELEBRATE THE HISTORY AND CONTRIBUTIONS OF WELSH PIONEERS ON THE NORTH AMERICAN PRAIRIES, TO FURTHER PUBLIC UNDERSTANDING AND APPRECIATION OF AMERICA'S ETHNIC AND CULTURAL DIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $69,310
Program Service Revenue $1,478
Investment Income $78,901
Other Revenue $0
TOTAL REVENUE $149,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,974
Other Expenses $55,974
TOTAL EXPENSES $55,974

Year-over-Year Comparison

2024 2023 Change
Revenue $149,689 $134,196 +0.1%
Expenses $55,974 $83,342 -0.3%
Net Income $93,715 $50,854 +0.8%
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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Governance

Voting Members
15
Independent Members
15
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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GWENITH CLOSS COLGROVE PRESIDENT 1.00
Officer Director
$0 $0 $0
JANEY WILLIAMS RUDDER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
DR ADAMAE LEWIS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LOIS MILBURN SECRETARY 1.00
Officer Director
$0 $0 $0
ELAINE TAYLOR MICK BOARD MEMBER 1.00
Director
$0 $0 $0
JIM MCNEAL TREASURER 1.00
Officer Director
$0 $0 $0
BRAD KELLER BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLYN JONES STROTHER BOARD MEMBER 1.00
Director
$0 $0 $0
RHONDA BROWNAWELL BOARD MEMBER 1.00
Director
$0 $0 $0
THEO WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT HUMPHRIES BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA JO ANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
MAGGIE DUNN BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREEN RIEDESEL BOARD MEMBER 1.00
Director
$0 $0 $0
ALINE JONES 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 $149,689 $55,974 $967,115 $93,715
2023 $134,196 $83,342 $873,400 $50,854
2022 $2,027 $38,489 $822,546 $-36,462
2021 $196,511 $39,999 $859,008 $156,512
2020 $39,419 $38,160 $674,033 $1,259
2019 $72,379 $36,917 $640,966 $35,462
2018 $137,076 $31,487 $574,635 $105,589
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