Norfolk Historical Society (EIN 540790699) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

James J Gildea

Tax Period

2021-01-01 to 2021-12-31

Norfolk Historical Society, founded in 1965, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $29K in total revenue in fiscal year 2020. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 37% operating margin.

Mission

Promote the collection, interpretation and preservation of Norfolk area history through various programs, awareness and advocacy.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $17,285

Program Service Revenue $1

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,286

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,978

Other Expenses $11,978

TOTAL EXPENSES $21,978

Year-over-Year Comparison

	2021	2020	Change
Revenue	$17,286	$29,376	-0.4%
Expenses	$21,978	$18,376	+0.2%
Net Income	$-4,692	$11,000	-1.4%

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

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	Role	Reportable Comp	Other Comp	Total
P McPhillips	President	Officer Director	$0	$0	$0
R Garris	Vice President	Officer Director	$0	$0	$0
G Gustavson	Secretary	Officer Director	$0	$0	$0
J Gildea	Treasurer	Officer Director	$0	$0	$0
A Brockenbroug	Director	Director	$0	$0	$0
C Doonan	Director	Director	$0	$0	$0
S Forrest	Director	Director	$0	$0	$0
C Furr	Director	Director	$0	$0	$0
J Berkley	Director	Director	$0	$0	$0
C Jones	Director	Director	$0	$0	$0
W Davis	Director	Director	$0	$0	$0
M OHearn	Director	Director	$0	$0	$0
T Valos	Director	Director	$0	$0	$0
W Miner	Director	Director	$0	$0	$0
B Finch	Director	Director	$0	$0	$0
J Lindberg	Director	Director	$0	$0	$0
W Stewart	Director	Director	$0	$0	$0
J Eppler	Director	Director	$0	$0	$0
B Daughtrey	Director	Director	$0	$0	$0
J McKeever	Director	Director	$0	$0	$0
D Ramsey	Director	Director	$0	$0	$0
R Evett	Director	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
2021	$17,286	$21,978	$17,872	$-4,692
2020	$29,376	$18,376	$22,513	$11,000

Norfolk Historical Society