LAUREL 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

1991

Legal Domicile

Principal Officer

Denise Redmond

Phone

3017257975

Tax Period

2024-07-01 to 2025-06-30

LAUREL HISTORICAL SOCIETY INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $164K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $225K exceeded revenue, resulting in a 38% operating deficit.

Mission

The mission of the Laurel Historical Society is to encourage the understanding and preservation of the history and cultural heritage of Laurel.

Program Service Accomplishments

Program 1

Expenses: $104,935 Revenue: $4,959

The Laurel Historical Society (LHS) presented two main exhibits: Its All Laurel: City Limits and Beyond, and Laurel Rides the Rails: Tales of Trains and Trolleys, as well as a temporary exhibit...

The Laurel Historical Society (LHS) presented two main exhibits: Its All Laurel: City Limits and Beyond, and Laurel Rides the Rails: Tales of Trains and Trolleys, as well as a temporary exhibit, Awkward Family Photos. It also hosted three Summer Camp programs, six webinars, and three Childrens Days. In October of 2024 it also offered a tour of Laurels historic Main Street. In May 2025, LHS celebrated its 50th anniversary during its Annual Gala.

Program 2

Expenses: $43,570

Public Programming was held in the form of programs throughout the period on Laurels history open to the public, and a speakers bureau providing content rich programming to groups throughout Laurel.

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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 $130,932

Program Service Revenue $4,719

Investment Income $20,538

Other Revenue $7,589

TOTAL REVENUE $163,778

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $129,710

Fundraising Expenses $0

Program Expenses $148,505

Other Expenses $92,680

TOTAL EXPENSES $225,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,778	$179,156	-0.1%
Expenses	$225,390	$216,599	+0.0%
Net Income	$-61,612	$-37,443	+0.6%

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

$65,054

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Bennett	Executive Director	40.00	Director	$65,054	$0	$65,054
Maggie Hubbard	Director	1.00	Director	$0	$0	$0
Marlene Frazier	Director	1.00	Director	$0	$0	$0
Elizabeth Leight	Director	1.00	Director	$0	$0	$0
Melanie Dzwonchyk	Director	1.00	Director	$0	$0	$0
Cynthia Long	Director	1.00	Director	$0	$0	$0
Margie McCeney	Director	1.00	Director	$0	$0	$0
Denise Redmond	President	1.00	Officer Director	$0	$0	$0
Elizabeth Compton	Director	1.00	Director	$0	$0	$0
Jacqueline Ringgold Jones	Director	1.00	Director	$0	$0	$0
Amy Dunham	Vice-President	1.00	Officer Director	$0	$0	$0
Karen Lubieniecki	Chair Emerita	1.00	Officer Director	$0	$0	$0
Cheryl Poulos	Director	1.00	Director	$0	$0	$0
Elizabeth West	Secretary	1.00	Officer Director	$0	$0	$0
Robert Mignon	Treasurer	1.00	Officer Director	$0	$0	$0
Mariam Thakkar	Director	1.00	Director	$0	$0	$0
Larry Eldridge	Director	1.00	Director	$0	$0	$0
Dawn Turney	Director	1.00	Director	$0	$0	$0
Michelle Keating	Director	1.00	Director	$0	$0	$0
Jhanna Levin	Director	1.00	Director	$0	$0	$0
Dave Singleton	Director	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
2025	$163,778	$225,390	$1,695,796	$-61,612
2024	No data	No data	No data	No data
2023	$159,251	$186,169	$1,339,944	$-26,918
2022	$134,558	$211,345	$1,194,393	$-76,787
2021	$135,303	$156,631	$1,435,190	$-21,328
2020	$163,028	$115,813	$1,080,823	$47,215
2018	$115,787	$108,511	$898,974	$7,276