Poulsbo 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

1992

Legal Domicile

Principal Officer

Liesl Lewis

Phone

3606027574

Tax Period

2024-01-01 to 2024-12-31

Poulsbo Historical Society, founded in 1992, is a small nonprofit in the Unknown sector that reported $346K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $63K, a strong 18% operating margin.

Mission

Founded in 1991 with the mission to record, preserve, and exhibit the history and culture of Poulsbo and the North Kitsap area.

Program Service Accomplishments

Program 1

Expenses: $227,075 Revenue: $14,660

Poulsbo Historical Society owns or leases an Archival Center and three museum sites, which are dedicated to recognizing, preserving, displaying and sharing the diverse aspects of the local history of Poulsbo to residents of Poulsbo and the surrounding local area. the museums are open to local residents and visitors alike. Members conduct walking tours of historic Poulsbo and provide information as to the history and culture of the area. Education programs are conducted by Volunteers and Staff

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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 (2024)

Revenue Breakdown

Contributions & Grants $222,171

Program Service Revenue $14,660

Investment Income $373

Other Revenue $109,182

TOTAL REVENUE $346,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,866

Fundraising Expenses $10,893

Program Expenses $227,075

Other Expenses $205,571

TOTAL EXPENSES $283,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,386	$301,797	+0.1%
Expenses	$283,140	$259,910	+0.1%
Net Income	$63,246	$41,887	+0.5%

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

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
LORA BENSON	Director	5.00	Director	$0	$0	$0
NANCY COFFEE	Director	5.00	Director	$0	$0	$0
SHANNON TURNER	Director	5.00	Director	$0	$0	$0
JEFF GRIFFIN	Director	5.00	Director	$0	$0	$0
STEVE SWAN	Director	5.00	Director	$0	$0	$0
TOM HALL	Director	5.00	Director	$0	$0	$0
DARRYL MILTON	Director	5.00	Director	$0	$0	$0
JIM SHIELDS	Prev Past President	5.00	Director	$0	$0	$0
PATTY HENDERSON	President	5.00	Officer Director	$0	$0	$0
LIESL F LEWIS	Treasurer	10.00	Officer Director	$0	$0	$0
DAMIEN WALL	Secretary	5.00	Officer Director	$0	$0	$0
KURT SERWOLD	Director	5.00	Director	$0	$0	$0
CAROLE MILTON	Director	2.00	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	$346,386	$283,140	$2,196,920	$63,246
2024	No data	No data	No data	No data
2022	$315,333	$279,588	$2,114,377	$35,745
2021	$289,878	$226,117	$2,090,725	$63,761
2020	$544,515	$143,269	$2,025,739	$401,246
2019	$271,779	$159,042	$1,177,770	$112,737