GOOCHLAND COUNTY 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

KATHLEEN M KIMMEL

Phone

8045663966

Tax Period

2023-01-01 to 2023-12-31

GOOCHLAND COUNTY HISTORICAL SOCIETY, founded in 1968, is a micro nonprofit that reported $58K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $77K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE SOCIETY HAS COLLECTED MANUSCRIPTS, ARTIFACTS, GENEALOGICAL, AND ARCHITECTURAL INFORMATION PERTAINING TO GOOCHLAND COUNTY, VIRGINIA. THE SOCIETY PROVIDES A VARIETY OF PUBLIC PROGRAMMING AND RESEARCH SERVICES ALONG WITH MAKING RELEVANT RESOURCES AVAILABLE TO THE SCHOOLS IN THE COUNTY OF GOOCHLAND.

Program Service Accomplishments

Program 1

Expenses: $20,944 Revenue: $1,084

PROVIDED SERVICES TO THE PUBLIC. PROVIDED LIBRARY AND RESEARCH ASSISTANCE. MAINTAINED MEMBER SOFTWARE. SAFEGUARD AND CATALOGUE THE COLLECTIONS.

Program 2

Expenses: $38,895 Revenue: $7,418

PUBLICATIONS: QUARTERLY NEWSLETTERS; ANNUAL CALENDAR - ALL FEATURING GOOCHLAND COUNTY POINTS AND TOPICS OF HISTORIC INTEREST; SUPPLY OF PUBLICATIONS WITH HISTORIC INFORMATION. FOR 2023, THE SOCIETY WAS ABLE TO DIGITIZE BACK ISSUES OF THE SOCIETY'S ANNUAL MAGAZINE, PRESERVING, IN MANY CASES, THE LAST REMAINING COPY. THESE PUBLICATIONS ARE NOW IN A SEARCHABLE ELECTRONIC DATABASE.

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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 $34,516

Program Service Revenue $5,187

Investment Income $15,043

Other Revenue $3,315

TOTAL REVENUE $58,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,437

Fundraising Expenses $2,544

Program Expenses $59,839

Other Expenses $51,945

TOTAL EXPENSES $77,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,061	$48,999	+0.2%
Expenses	$77,382	$53,279	+0.5%
Net Income	$-19,321	$-4,280	+3.5%

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

$23,520

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M RICHMOND	EXECUTIVE DIRECTOR	20	Key Emp	$16,320	$0	$16,320
CATHERINE B SOUTHWORTH	OFFICE MANAGER	10	Key Emp	$7,200	$0	$7,200
ROBIN LIND	PRESIDENT	10.00	Officer Director	$0	$0	$0
J RICHARD TOLER	1ST VICE PRESIDENT	5	Officer Director	$0	$0	$0
SCOTT JOHNSON	2ND VICE PRESIDENT	2	Officer Director	$0	$0	$0
SUZANNE KEESLER	SECRETARY	10.00	Officer Director	$0	$0	$0
KATHLEEN M KIMMEL	TREASURER	5	Officer Director	$0	$0	$0
CHRISTINA JORDAN DUNN	PAST PRESIDENT	3	Director	$0	$0	$0
VIRGINIA OLSEN	DIRECTOR	2	Director	$0	$0	$0
LAURA MEADOWS	DIRECTOR	1	Director	$0	$0	$0
CHERYL CHILDRESS	DIRECTOR	5	Director	$0	$0	$0
MELINDA GAMMON	DIRECTOR	1	Director	$0	$0	$0
KNIGHT BOWLES	DIRECTOR	1	Director	$0	$0	$0
CAROL SALMON COE	DIRECTOR	1	Director	$0	$0	$0
GERALD HAGEN	DIRECTOR	1	Director	$0	$0	$0
ROBIN HILLMAN	DIRECTOR	1	Director	$0	$0	$0
MICHAEL PARRISH	DIRECTOR	0	Director	$0	$0	$0
NANCY PARRISH	DIRECTOR	1	Director	$0	$0	$0
EDIE SALMON	DIRECTOR	1	Director	$0	$0	$0
E STEVE FLEMING	DIRECTOR	1	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	$58,061	$77,382	$849,886	$-19,321
2022	$48,999	$53,279	$854,703	$-4,280
2021	$125,553	$47,428	$888,869	$78,125
2020	$144,645	$60,243	$803,829	$84,402