Morgan County Historical Society (EIN 510189061) - 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

1993

Legal Domicile

Principal Officer

Angela D Drake

Phone

7409624785

Tax Period

2023-01-01 to 2023-12-31

Morgan County Historical Society, founded in 1993, is a micro nonprofit that reported $46K in total revenue in fiscal year 2023. Revenue surged 240% from the prior year, signaling strong growth momentum. Expenses of $97K exceeded revenue, resulting in a 110% operating deficit.

Mission

Preserving Morgan Countys Past for the Future

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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 $16,245

Program Service Revenue $0

Investment Income $22,441

Other Revenue $7,245

TOTAL REVENUE $45,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,656

Fundraising Expenses $0

Program Expenses $0

Other Expenses $63,951

TOTAL EXPENSES $96,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,931	$13,490	+2.4%
Expenses	$96,607	$72,850	+0.3%
Net Income	$-50,676	$-59,360	-0.1%

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

199

Independent Members

N/A

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
Sherry Marshall	President	1.00	Officer	$0	$0	$0
LaRaine Barton	Vice President	1.00	Officer	$0	$0	$0
Sharon Powell	Recording Secretary	1.00	Officer	$0	$0	$0
Angela Drake	Treasurer	1.00	Officer	$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	No data	No data	No data	No data
2023	$45,931	$96,607	$1,416,700	$-50,676
2022	$13,490	$72,850	$1,335,099	$-59,360
2021	$46,974	$142,457	$1,487,898	$-95,483
2020	$41,230	$57,677	$1,429,901	$-16,447

Morgan County Historical Society