Fort Morgan Heritage 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

1970

Legal Domicile

Principal Officer

Rob Carruth

Phone

9705424010

Tax Period

2023-01-01 to 2023-12-31

Fort Morgan Heritage Foundation, founded in 1970, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $37K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $34K left a modest 10% surplus.

Mission

Preserve the history and culture of NE Colorado through collecting, interpreting, researching, and exhibiting materials reflecting the diverse history and traditions of hte area. We serve as a depository for histocial items and records and act as the educational information center of the community.

Program Service Accomplishments

Program 1

Expenses: $680

Collections and Artifacts acqusition and maintenance

Program 2

Expenses: $11,541

Museum exhibits, rental, setup, maintenance and construction

Program 3

Expenses: $4,459

Educational programs pertaining to the history and heritage of the NE Colorado area through both in house and outreach programs.

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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 $31,871

Program Service Revenue $0

Investment Income $1,454

Other Revenue $3,793

TOTAL REVENUE $37,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,272

Other Expenses $33,555

TOTAL EXPENSES $33,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,118	$39,178	-0.1%
Expenses	$33,555	$44,082	-0.2%
Net Income	$3,563	$-4,904	-1.7%

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

N/A

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
Sara Canfield	President	002.00	Officer Director	$0	$0	$0
Jerral Danford	Board Member	001.00	Director	$0	$0	$0
Evelyn Columbia	Board Member	001.00	Director	$0	$0	$0
Bob Phillips	Vice President	002.00	Officer Director	$0	$0	$0
Debby Gachne	Board Member	001.00	Director	$0	$0	$0
Anita Baltazar Ruppel	Board Member	000.50	Director	$0	$0	$0
Rob Carruth	Treasurer	004.00	Officer Director	$0	$0	$0
Deb Forstedt	Board Member	000.50	Director	$0	$0	$0
Lorren Boyett	Board Member	000.50	Director	$0	$0	$0
Barbara Keenan	Board Member	000.50	Director	$0	$0	$0
Sonya Thornton	Board Member	000.50	Director	$0	$0	$0
Linda Midcap	Board Member	000.50	Director	$0	$0	$0
Dr Alix Keenan	Board Member	000.50	Director	$0	$0	$0
Brenda Cabrera	Board Member	000.50	Director	$0	$0	$0
Robert Kula	Board Member	000.50	Director	$0	$0	$0
Alyse Campbell	Secretary	002.00	Officer Director	$0	$0	$0
Mark Arndt	Board Member	000.50	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	$37,118	$33,555	$63,154	$3,563
2022	$39,178	$44,082	$59,964	$-4,904
2021	$36,942	$36,044	$64,988	$898
2020	$19,170	$25,845	$64,868	$-6,675
2019	$49,425	$44,557	$68,935	$4,868
2018	$51,000	$46,776	$63,715	$4,224