MIDLAND 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

2016

Legal Domicile

Principal Officer

JAMES L COLLETT

Phone

4326888947

Tax Period

2025-01-01 to 2025-12-31

MIDLAND HISTORICAL SOCIETY, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2025. The organization ran a surplus of $83K, a strong 83% operating margin.

Mission

The Midland Historial Society is a diverse community of members formed to educate the citizens of Midland, Texas, about its history,to assist in the operation of the Midland County History Museum, and to maintain the historic Brown Dorsey Medallion Home, the oldest house in Midland.

Program Service Accomplishments

Program 1

Expenses: $7,833 Revenue: $0

Upkeep and maintenance for the historical Brown-Dorsey Medallion Home

Program 2

Expenses: $9,012 Revenue: $7,285

Operation of the Midland County Historical Museum

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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 (2025)

Revenue Breakdown

Contributions & Grants $81,266

Program Service Revenue $0

Investment Income $444

Other Revenue $18,160

TOTAL REVENUE $99,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,845

Other Expenses $16,845

TOTAL EXPENSES $16,845

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,870	N/A	N/A
Expenses	$16,845	N/A	N/A
Net Income	$83,025	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
James L Collett	President	15.00	Officer Director	$0	$0	$0
Pat McDaniel	Member-at-Large	2.00	Director	$0	$0	$0
Cheree Smith	Secretary	2.00	Officer Director	$0	$0	$0
Chad Hauris	Member-At-Large	1.00	Director	$0	$0	$0
Melissa Hagens	Member-at-Large	2.00	Director	$0	$0	$0
John Dzubinski Jr	Treasurer	3.00	Officer 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
2025	$99,870	$16,845	$511,197	$83,025
2019	$59,841	$44,143	$198,093	$15,698
2018	$20,130	$22,737	$182,395	$-2,607