Allegany County Historical Society Inc (EIN 526058406) - 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

1937

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Allegany County Historical Society Inc, founded in 1937, is a small nonprofit in the Arts, Culture & Humanities sector that reported $619K in total revenue in fiscal year 2023. Revenue surged 368% from the prior year, signaling strong growth momentum. The organization ran a surplus of $444K, a strong 72% operating margin.

Mission

Educating the public about the history and heritage of Allegany County Maryland

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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 $100,703

Program Service Revenue $436,588

Investment Income $81,661

Other Revenue $0

TOTAL REVENUE $618,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,810

Fundraising Expenses $0

Program Expenses $88,126

Other Expenses $130,765

TOTAL EXPENSES $174,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$618,952	$132,211	+3.7%
Expenses	$174,575	$233,460	-0.3%
Net Income	$444,377	$-101,249	-5.4%

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

N/A

Volunteers

N/A

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
Robert Mayhew	Trustee	1.00	Director	$0	$0	$0
Richard DeVore	Trustee	1.00	Director	$0	$0	$0
Larry Mackereth	Trustee	1.00	Director	$0	$0	$0
John DeVault	Trustee	1.00	Director	$0	$0	$0
Julie Thorton	Trustee	1.00	Director	$0	$0	$0
Barbara Crane	Trustee	1.00	Director	$0	$0	$0
Debbie Grimm	Vice-President	5.00	Officer Director	$0	$0	$0
Dave Williams	President	15.00	Officer Director	$0	$0	$0
Virginia Schry	Recording Secretary	5.00	Officer Director	$0	$0	$0
Daniel Press	Treasurer	5.00	Officer 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	No data	No data	No data	No data
2023	$618,952	$174,575	$2,768,833	$444,377
2022	$132,211	$233,460	$2,265,525	$-101,249
2021	$154,224	$176,861	$2,781,329	$-22,637
2020	$62,980	$108,604	$2,595,885	$-45,624
2019	$69,664	$134,636	$2,391,308	$-64,972
2018	$341,936	$138,781	$2,117,631	$203,155

Allegany County Historical Society Inc