WESTERN HISTORY ASSOCIATION (EIN 546044435) - 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

1961

Legal Domicile

Principal Officer

ELAINE MARIE NELSON

Phone

7858640860

Tax Period

2023-01-01 to 2023-12-31

WESTERN HISTORY ASSOCIATION, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $608K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $752K exceeded revenue, resulting in a 24% operating deficit.

Mission

FOUNDED IN 1961, THE WESTERN HISTORY ASSOCIATION EXISTS TO PROMOTE THE STUDY OF THE NORTH AMERICAN WEST IN ITS VARIED ASPECTS AND BROADNEST SENSE.

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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 $214,045

Program Service Revenue $368,789

Investment Income $25,135

Other Revenue $0

TOTAL REVENUE $607,969

Expense Breakdown

Grants Paid $12,503

Salaries & Benefits $35,000

Fundraising Expenses $0

Program Expenses $382,184

Other Expenses $704,361

TOTAL EXPENSES $751,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$607,969	$441,545	+0.4%
Expenses	$751,864	$327,561	+1.3%
Net Income	$-143,895	$113,984	-2.3%

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

$35,000

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DEVERELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
ELAINE MARIE NELSON	EXECUTIVE DIRECTOR	30.00	Officer Director	$35,000	$0	$35,000
KELLY LYTLE HERNANDEZ	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	EX-OFFICIO	3.00		$0	$0	$0
N/A	EX-OFFICIO	3.00		$0	$0	$0
N/A	EX-OFFICIO	3.00		$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	COUNCIL	1.00		$0	$0	$0
N/A	COUNCIL	1.00		$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$607,969	$751,864	$740,453	$-143,895
2022	$441,545	$327,561	$803,175	$113,984
2021	$371,339	$356,226	$794,079	$15,113
2020	$306,626	$272,379	$755,528	$34,247
2019	$399,415	$392,249	$633,705	$7,166
2018	$368,405	$365,958	$676,361	$2,447
2017	$213,809	$233,993	$458,340	$-20,184

WESTERN HISTORY ASSOCIATION