LINCOLN COUNTY HISTORICAL SOCIETY (EIN 930545940) - 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

1953

Legal Domicile

Principal Officer

JAMES BASSINGTHWAITE

Phone

5412657509

Tax Period

2024-07-01 to 2025-06-30

LINCOLN COUNTY HISTORICAL SOCIETY, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $508K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $611K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO COLLECT, PRESERVE, INTERPRET, AND EXHIBIT OBJECTS AND INFORMATION ILLUSTRATIVE OF THE HISTORY OF LINCOLN COUNTY, FOR THE EDUCATION AND BETTERMENT OF THE COMMUNITY AND OF THE PUBLIC INTEREST. THE SOCIETY AS AN EDUCATIONAL INSTITUTION WILL ALSO ACT AS A RESEARCH AGENCY AND CULTURAL CENTER.

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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 $471,002

Program Service Revenue $23,627

Investment Income $5,634

Other Revenue $7,361

TOTAL REVENUE $507,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,793

Fundraising Expenses $40,676

Program Expenses $473,039

Other Expenses $332,725

TOTAL EXPENSES $610,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$507,624	$548,640	-0.1%
Expenses	$610,518	$583,824	+0.0%
Net Income	$-102,894	$-35,184	+1.9%

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

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BASSINGTHWAITE	PRESIDENT	6.00	Officer Director	$0	$0	$0
BUD SHOEMAKE	PAST PRESIDE	8.00	Officer Director	$0	$0	$0
BILL HANSHUMAKER	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
LISA FIGUEROA	TREASURER	3.00	Officer Director	$0	$0	$0
JOAN MCADAMS	SECRETARY	4.00	Officer Director	$0	$0	$0
BUD LANE	DIRECTOR POS	1.00	Director	$0	$0	$0
JON HOLBROOK	DIRECTOR POS	1.00	Director	$0	$0	$0
BILL TURNER	DIRECTOR POS	1.00	Director	$0	$0	$0
MIKE EASTMAN	DIRECTOR POS	1.00	Director	$0	$0	$0
SANDY BLACKMAN	DIRECTOR POS	1.00	Director	$0	$0	$0
DEAN FLECK	DIRECTOR POS	1.00	Director	$0	$0	$0
BOB EDER	DIRECTOR POS	1.00	Director	$0	$0	$0
JEFF SYROP	EXECUTIVE DI	40.00	Officer	$70,000	$0	$70,000

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	$507,624	$610,518	$2,635,184	$-102,894
2024	$548,640	$583,824	$2,797,737	$-35,184
2023	$445,128	$497,982	$2,772,505	$-52,854
2022	$515,816	$358,731	$2,801,271	$157,085
2021	$313,037	$351,860	$2,640,289	$-38,823
2020	$450,912	$363,150	$2,652,543	$87,762
2019	$344,222	$322,296	$2,565,344	$21,926
2018	$654,935	$314,619	$2,560,335	$340,316

LINCOLN COUNTY HISTORICAL SOCIETY