MOUNT HOREB AREA 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

1975

Legal Domicile

Principal Officer

ROGER DETERDING

Phone

6084376486

Tax Period

2023-10-01 to 2024-09-30

MOUNT HOREB AREA HISTORICAL SOCIETY, founded in 1975, is a small nonprofit that reported $271K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $347K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MOUNT HOREB AREA HISTORICAL SOCIETY COLLECTS AND PRESERVES LOCAL ARTIFACTS AND ARCHIVAL, AND PROVIDES EDUCATION ON LOCAL HISTORY.

Program Service Accomplishments

Program 1

Expenses: $305,797 Revenue: $10,901

THE MOUNT HOREB AREA HISTORICAL SOCIETY CREATES, PROMOTES, AND PROVIDES ONGOING SUPPORT FOR MUSEUM EXHIBITS. THE MUSEUM HOSTED APPROXIMATELY 3,600 VISITORS IN 2015. NEW EXHIBITS INCLUDED "STORIES IN STITCHES: QUILTS OF SOUTHWESTERN DANE COUNTY- AND "ETHNICITY AND THE CIVIL WAR". A NEW EXHIBIT TITLED "NATURAL WONDERS AND HUMAN INTERACTION" OPENED IN MAY 2013 AND REPLACES THE CURRENT QUILT EXHIBIT. IN ADDITION, THE SOCIETY OPERATES A SMALL GIFT SHOP. EDUCATIONAL PROGRAMS FOR CHILDREN ARE A GROWING SERVICE OF THE SOCIETY.

Program 2

Expenses: $85 Revenue: $1,146

THE MOUNT HOREB AREA HISTORICAL SOCIETY COLLECTS AND PRESERVES LOCAL HISTORICAL ARTIFACTS AND ARCHIVE MATERIAL, MAINTAINS A DATABSE OF ITEMS IN ITS COLLECTIONS, AND DISSEMINATES INFORMATION TO THE...

THE MOUNT HOREB AREA HISTORICAL SOCIETY COLLECTS AND PRESERVES LOCAL HISTORICAL ARTIFACTS AND ARCHIVE MATERIAL, MAINTAINS A DATABSE OF ITEMS IN ITS COLLECTIONS, AND DISSEMINATES INFORMATION TO THE PUBLIC VIA ASSISTANCE WITH RESEARCH AND THROUGH PROGRAMS AND THE PUBLISHING OF BOOKS AND ARTICLES. THE SOCIETY RECEIVES APPROXIMATELY FIVE REQUESTS PER WEEK FOR INFORMATION RELATED TO ITEMS IN ITS ARCHIVE.

Program 3

Expenses: $4,695

THE MOUNT HOREB AREA HISTORICAL SOCIETY PUBLISHES A NEWSLETTER THREE OR FOUR TIMES PER YEAR. THE NEWSLETTER IS DISTRIBUTED TO APPROXIMATELY 225 MEMBERS. ADDITIONAL COPIES OF THE NEWSLETTER ARE...

THE MOUNT HOREB AREA HISTORICAL SOCIETY PUBLISHES A NEWSLETTER THREE OR FOUR TIMES PER YEAR. THE NEWSLETTER IS DISTRIBUTED TO APPROXIMATELY 225 MEMBERS. ADDITIONAL COPIES OF THE NEWSLETTER ARE AVAILABLE TO VISITORS TO THE MUSEUM, THE COMMUNITY, AND OTHER POTENTIAL MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $212,243

Program Service Revenue $12,047

Investment Income $13,048

Other Revenue $33,408

TOTAL REVENUE $270,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,282

Fundraising Expenses $728

Program Expenses $310,577

Other Expenses $199,822

TOTAL EXPENSES $347,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,746	$203,808	+0.3%
Expenses	$347,104	$329,220	+0.1%
Net Income	$-76,358	$-125,412	-0.4%

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
KARLA OTT	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID SCHMIDT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
LORI MIDTHUN	SECRETARY	5.00	Officer Director	$0	$0	$0
ROGER DETERDING	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN BUECHNER	DIRECTOR	2.00	Director	$0	$0	$0
LISA GRINDE	DIRECTOR	2.00	Director	$0	$0	$0
PETER RIPHAHN	DIRECTOR	2.00	Director	$0	$0	$0
JOEL SKALET	DIRECTOR	2.00	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	$270,746	$347,104	$2,413,796	$-76,358
2023	$203,808	$322,100	$2,441,062	$-118,292
2022	$200,427	$283,343	$2,555,372	$-82,916
2021	$206,499	$249,660	$2,661,881	$-43,161
2020	$145,183	$250,576	$2,702,339	$-105,393
2019	$352,417	$252,862	$2,794,826	$99,555