Alleghany 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

1968

Legal Domicile

Principal Officer

William Atherholt

Phone

5405216671

Tax Period

2023-01-01 to 2023-12-31

Alleghany Historical Society, founded in 1968, is a micro nonprofit that reported $91K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 82% operating deficit.

Mission

The Historical Society provides information to the public concerning the historical events in the area. The Society also helps with the restoration of historical

Program Service Accomplishments

Program 1

Expenses: $166,556 Revenue: $91,446

The Historical Society has purchased an historical home and three historical buildings in downtown Covington that will house a discovery museum and the offices of Olde Town Covington. Additional...

The Historical Society has purchased an historical home and three historical buildings in downtown Covington that will house a discovery museum and the offices of Olde Town Covington. Additional organizations can be housed in the historical home.

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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 $91,446

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $91,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,301

Fundraising Expenses $0

Program Expenses $166,556

Other Expenses $129,255

TOTAL EXPENSES $166,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,446	$200,340	-0.5%
Expenses	$166,556	$206,092	-0.2%
Net Income	$-75,110	$-5,752	+12.1%

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

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

$34,770

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Linkenhoker	President	10.00	Officer	$0	$0	$0
Bonnie Keyser	Vice-President	10.00	Officer	$0	$0	$0
Linda Morrison	Secretary	5.00	Officer	$0	$0	$0
William Atherholt	Treasurer	5.00	Officer	$0	$0	$0
Marian Paxton	Employee	15.00	Key Emp	$11,940	$0	$11,940
Angela Jones	Employee	10.00	Key Emp	$10,868	$0	$10,868
Lindsey Brown	Employee	5.00	Key Emp	$3,590	$0	$3,590
Benjamin Tremblay	Employee	5.00	Key Emp	$4,245	$0	$4,245
Cynthia Arthur	Employee	5.00	Key Emp	$960	$0	$960
Gregg Belsford	Employee	5.00	Key Emp	$979	$0	$979
Robert T Marion	Employee	5.00	Key Emp	$2,188	$0	$2,188

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	$91,446	$166,556	$1,355,407	$-75,110
2022	$200,340	$206,092	$1,434,237	$-5,752
2021	$63,599	$94,756	$1,377,825	$-31,157
2019	$737,474	$85,542	$1,434,765	$651,932
2018	$278,575	$68,758	$736,594	$209,817