WAKEFIELD HISTORICAL SOCIETY (EIN 900593855) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

DENNIS FERSON

Phone

9062240075

Tax Period

2023-01-01 to 2023-12-31

WAKEFIELD HISTORICAL SOCIETY, founded in 1981, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 59% operating margin.

Mission

TO DISCOVER AND PRESERVE EVERY VARIETY OF MATERIAL BEARING ON, OR ILLUSTRATIVE OF, THE HISTORY OF THE UPPER PENINSULA, AND PARTICULARLY THE WAKEFIELD AREA OF GOGEBIC COUNTY; TO PROMOTE LOCAL HISTORICAL STUDY, RESEARCH, AND PUBLICATION; AND TO OWN AND MAINTAIN REAL PROPERTY AND EQUIPMENT FOR LIBRARY AND MUSEUM PURPOSES.

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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 $548

Program Service Revenue $0

Investment Income $47,771

Other Revenue $26,796

TOTAL REVENUE $75,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,483

Other Expenses $30,650

TOTAL EXPENSES $30,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,115	$398,216	-0.8%
Expenses	$30,650	$35,650	-0.1%
Net Income	$44,465	$362,566	-0.9%

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
DENNIS FERSON	TREASURER	N/A	Officer Director	$0	$0	$0
DONNA FERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
NINA FIORUCCI	DIRECTOR	N/A	Director	$0	$0	$0
MARY NURMI	DIRECTOR	N/A	Director	$0	$0	$0
JANIS OBERG	DIRECTOR	N/A	Director	$0	$0	$0
HAROLD SCHROEDER	PRESIDENT	N/A	Officer Director	$0	$0	$0
ISABELLA SCHROEDER	VICE-PRESIDE	N/A	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
2023	$75,115	$30,650	$1,277,828	$44,465
2022	$398,216	$35,650	$1,204,807	$362,566
2021	$808,129	$7,810	$868,413	$800,319

WAKEFIELD HISTORICAL SOCIETY