Summit Historical Society (EIN 840590891) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

Sally Queen

Phone

9704682207

Tax Period

2024-01-01 to 2024-12-31

Summit Historical Society, founded in 1966, is a small nonprofit that reported $252K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 20% operating margin.

Mission

To preserve and protect, provide education and interpretation, and engage our community in the rich history of Summit County.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $235,439

Program Service Revenue $19,957

Investment Income $4,024

Other Revenue $-7,063

TOTAL REVENUE $252,357

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $79,473

Fundraising Expenses $0

Program Expenses $160,130

Other Expenses $120,709

TOTAL EXPENSES $201,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,357	$200,848	+0.3%
Expenses	$201,182	$167,775	+0.2%
Net Income	$51,175	$33,073	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sally Queen	Chairperson	14.00	Officer Director	$0	$0	$0
Julia Metzger	Treasurer	8.00	Officer Director	$0	$0	$0
Ken Torrington	Secretary	6.00	Officer Director	$0	$0	$0
Patrice Lara	Board Member	3.00	Director	$0	$0	$0
Meredith Lord	Board Member	3.00	Director	$0	$0	$0
Sandy Watson	Board Member	4.00	Director	$0	$0	$0
Sandy Colt	Board Member	2.00	Director	$0	$0	$0
Bill Hiebert	Board Member	1.00	Director	$0	$0	$0
Karn Steigelmeier	Board Member	1.00	Director	$0	$0	$0
Jordan Bennett	Director	40.00	Officer	$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	$252,357	$201,182	$785,690	$51,175
2023	$200,848	$167,775	$677,155	$33,073
2022	$220,823	$229,006	$567,476	$-8,183
2021	$401,426	$137,131	$657,247	$264,295
2020	$113,085	$145,050	$703,317	$-31,965
2019	$389,207	$128,715	$558,373	$260,492
2018	$62,257	$51,826	$287,052	$10,431

Summit Historical Society