KEY PENINSULA HISTORIC SOCIETY

EIN: 911283452 501(c)(3)

Vaughn, WA

Total Revenue
$40,122
Total Expenses
$75,290
Total Assets
$577,403
Net Assets
$577,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
WA
Principal Officer
Catherine Williams
Phone
2538842994
Tax Period
2024-04-01 to 2025-03-31

KEY PENINSULA HISTORIC SOCIETY, founded in 1986, is a micro nonprofit that reported $40K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 88% operating deficit.

Mission

The mission of the Key Peninsula Historic Society is to gather, record, preserve and disseminate information about the history of the Pierce County area generally known as the "Key Peninsula" so that succeeding generations of residents will have a firm and accurate record from its earliest inhabitants, early exploration, and settlement, to the present time. To this end, we collect historic memorabilia from members and friends of the museum, engage with the local elementary schools to provide hands-on history learning at the museum or online, present talks to organizations, and sell books about the history of the Key Peninsula. We also promote the museum's collection and display using our website, by staffing a booth at local community events, and participating in STREAM nights at the local elementary schools.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,620
Program Service Revenue $0
Investment Income $1,611
Other Revenue $1,891
TOTAL REVENUE $40,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,386
Other Expenses $75,290
TOTAL EXPENSES $75,290

Year-over-Year Comparison

2024 2023 Change
Revenue $40,122 $199,524 -0.8%
Expenses $75,290 $137,870 -0.5%
Net Income $-35,168 $61,654 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bart Wolfe Director 8
Director
$0 $0 $0
Paul Michaels Director 6
Director
$0 $0 $0
Nicole Carr-Niemann Director 1
Director
$0 $0 $0
Ron Kingsbury Director 1
Director
$0 $0 $0
Richard Minor Director 1
Director
$0 $0 $0
Judy Mills Director 5
Director
$0 $0 $0
Catherine Williams President 6
Officer
$0 $0 $0
Diane Jackman Vice President 3
Officer
$0 $0 $0
Joe Dervaes Treasurer 12
Officer
$0 $0 $0
Cynthia Wolfe Secretary 1
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
2025 $40,122 $75,290 $577,403 $-35,168
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