RENO COUNTY HISTORICAL SOCIETY INC

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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

1961

Legal Domicile

Principal Officer

JOSIE THOMPSON

Phone

6206621425

Tax Period

2024-01-01 to 2024-12-31

RENO COUNTY HISTORICAL SOCIETY INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

TO OFFER A WIDE VARIETY OF INTERESTING EDUCATIONAL OPPORTUNITIES FOR ALL AGES, SPECIAL PROGRAMS, AND TOURS FOR SCHOOLS, CLUBS, AND OTHER ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,243,510 Revenue: $894,143

OPERATION AND MAINTENANCE OF MUSEUMS, SERVING RENO COUNTY, KANSAS AND SURROUNDING AREA, INCLUDING THE KANSAS UNDERGROUND SALT MUSEUM.

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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 $380,888

Program Service Revenue $894,143

Investment Income $6,444

Other Revenue $292,234

TOTAL REVENUE $1,573,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $917,617

Fundraising Expenses $76,033

Program Expenses $1,243,510

Other Expenses $698,531

TOTAL EXPENSES $1,616,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,573,709	$1,475,985	+0.1%
Expenses	$1,616,148	$1,604,094	+0.0%
Net Income	$-42,439	$-128,109	-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

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
JASON STEELE	DIRECTOR	1.50	Officer Director	$0	$0	$0
BETTY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JOEL BUSCH	VICE PRESIDE	1.00	Director	$0	$0	$0
ALLEN HEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PENROSE	DIRECTOR	1.00	Director	$0	$0	$0
CYNDA WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF STROBERG	TREASURER	1.00	Director	$0	$0	$0
JOSIE THOMPSON	PRESIDENT	1.50	Officer Director	$0	$0	$0
FRANK ALEXANDER	SECRETARY	1.00	Director	$0	$0	$0
PAT WEATHERS	PRESIDENT-EL	1.50	Officer Director	$0	$0	$0
NANCY STUCKY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE TERRILL	DIRECTOR	1.50	Officer Director	$0	$0	$0
CASSEY CLAYMAN	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN STOUT	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN RIGGS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CAREY	EX-OFFICIO M	1.00	Director	$0	$0	$0
JIM BARTA	EX-OFFICIO M	1.00	Director	$0	$0	$0
LEE SPENCE	EX-OFFICIO M	1.00	Director	$0	$0	$0
STEVE HARMON	EX-OFFICIO M	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	$1,573,709	$1,616,148	$3,250,220	$-42,439
2023	$1,475,985	$1,604,094	$3,197,519	$-128,109
2022	$1,370,885	$1,528,406	$3,316,340	$-157,521
2021	$1,428,936	$1,298,861	$3,503,788	$130,075
2020	$1,137,882	$1,101,009	$3,347,368	$36,873
2019	$1,261,173	$1,237,451	$3,373,375	$23,722
2018	$1,309,069	$1,302,215	$3,305,519	$6,854