HISTORIC HOMES FOUNDATION

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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

1957

Legal Domicile

Principal Officer

DEAN WILKERSON

Phone

5028995079

Tax Period

2024-09-01 to 2025-08-31

HISTORIC HOMES FOUNDATION, founded in 1957, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $248K, a strong 19% operating margin.

Mission

TO PURCHASE, PRESERVE AND DISPLAY HISTORIC SITES AND TO ADVANCE EDUCATION, CULTURE, AND THE ARTS IN KENTUCKY.

Program Service Accomplishments

Program 1

Expenses: $266,486 Revenue: $119,143

MUSEUM OPERATIONS: FARMINGTON 3033 BARDSTOWN ROAD LOUISVILLE, KY 40205

Program 2

Expenses: $249,567 Revenue: $440,331

MUSEUM OPERATIONS: WHITEHALL 3110 LEXINGTON ROAD LOUISVILLE, KY 40206

Program 3

Expenses: $13,997 Revenue: $6,472

ALL OTHER HISTORIC HOMES RELATED PROGRAM EXPENSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $638,524

Program Service Revenue $557,886

Investment Income $145,579

Other Revenue $-28,906

TOTAL REVENUE $1,313,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,341

Fundraising Expenses $322,964

Program Expenses $530,050

Other Expenses $760,085

TOTAL EXPENSES $1,065,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,313,083	$1,212,224	+0.1%
Expenses	$1,065,426	$1,024,044	+0.0%
Net Income	$247,657	$188,180	+0.3%

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

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

$117,952

Total Directors

$138,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUTCH SHAW	TREASURER	2.00	Officer Director	$0	$0	$0
DEAN WILKINSON	PRESIDENT	1.00	Director	$0	$0	$0
JOHN STOUGH	TRUSTEE	1.00	Director	$0	$0	$0
GRAY MIDDLETON	WHITEHALL BOARD REGENT	1.00	Director	$0	$0	$0
ALEX DESKINS	WHITEHALL TREASURER	1.00	Director	$0	$0	$0
ROBERT GLASS	FARMINGTON BOARD REGENT	1.00	Officer Director	$0	$0	$0
MICHAEL ALDRIDGE	MANAGING DIRECTOR	1.00	Director	$138,000	$0	$138,000
CAROL GRISANTI	ASSOCIATE DIRECTOR	40.00	Officer	$54,718	$0	$54,718
VICTORIA KOTHRADE	EXECUTIVE DIRECTOR	40.00	Officer	$5,355	$0	$5,355
KRISTEN LUTES	EXECUTIVE DIRECTOR	40.00	Officer	$57,879	$0	$57,879

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	$1,313,083	$1,065,426	$6,817,932	$247,657
2024	No data	No data	No data	No data
2023	$895,133	$914,957	$6,015,680	$-19,824
2022	$646,897	$612,895	$5,802,662	$34,002
2021	$576,982	$548,925	$6,054,176	$28,057
2020	$382,243	$541,098	$5,762,898	$-158,855