THE WILLAMETTE HERITAGE CENTER (EIN 936031792) - 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

1964

Legal Domicile

Principal Officer

ILA MCCALLUM

Phone

5035857012

Tax Period

2023-01-01 to 2023-12-31

THE WILLAMETTE HERITAGE CENTER, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $962K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO CONNECT GENERATIONS BY PRESERVING AND INTERPRETING THE HISTORY OF THE MID-WILLAMETTE VALLEY. THE WHC COLLECTS, CARES FOR, INTERPRETS, SHOWCASES, AND PROMOTES UNDERSTANDING OF AN EDUCATION ABOUT THE HISTORY OF THE WILLAMETTE VALLEY REGION, INCLUDING MARION COUNTY AND THE GREATER SALEM AREA. THE WHC IS ANCHORED BY THE HISTORIC EARLY SETTLEMENT BUILDINGS, THE THOMAS KAY WOOLEN MILL AND ITS ARCHIVAL AND LIBRARY HOLDINGS.

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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 $381,577

Program Service Revenue $115,636

Investment Income $74,569

Other Revenue $390,360

TOTAL REVENUE $962,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,358

Fundraising Expenses $34,448

Program Expenses $924,931

Other Expenses $445,499

TOTAL EXPENSES $1,133,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$962,142	$1,059,167	-0.1%
Expenses	$1,133,857	$1,112,101	+0.0%
Net Income	$-171,715	$-52,934	+2.2%

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

200

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

$86,747

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOLA HACKETT	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD DAVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
LORI K WOODBURY	TREASURER	2.00	Officer Director	$0	$0	$0
SAM SKILLERN III	DIRECTOR	2.00	Director	$0	$0	$0
TOM MCMULLEN	DIRECTOR (THRU FEB 2023)	2.00	Director	$0	$0	$0
COBURN GRABENHORST	DIRECTOR	2.00	Director	$0	$0	$0
ALETA CHING	DIRECTOR	2.00	Director	$0	$0	$0
NORMA GEKAKIS	DIRECTOR	2.00	Director	$0	$0	$0
MALISSA DUNIWAY HOLLAND	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ILA MCCALLUM	PRESIDENT	5.00	Officer Director	$0	$0	$0
SEAN O'HARRA	DIRECTOR	2.00	Director	$0	$0	$0
ED AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA PURVINE	DIRECTOR	2.00	Director	$0	$0	$0
JAIME WHITE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE CORDOVA	EXECUTIVE DIRECTOR	40.00	Officer	$80,912	$5,835	$86,747

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	$962,142	$1,133,857	$3,347,013	$-171,715
2022	$1,059,167	$1,112,101	$3,445,473	$-52,934
2021	$931,387	$791,727	$3,704,693	$139,660
2020	$614,694	$698,436	$3,609,203	$-83,742
2019	$832,419	$1,050,146	$3,528,621	$-217,727
2018	$1,262,298	$1,205,707	$3,654,390	$56,591

THE WILLAMETTE HERITAGE CENTER