TIMBER HERITAGE ASSOCIATION

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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

1972

Legal Domicile

Phone

7074432957

Tax Period

2023-01-01 to 2023-12-31

TIMBER HERITAGE ASSOCIATION, founded in 1972, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. The organization ran a surplus of $48K, a strong 27% operating margin.

Mission

THE MISSION OF THE TIMBER HERITAGE ASSOCIATION IS TO PRESERVE, INTERPRET AND CELEBRATE TIMBER HISTORY. OUR VISION IS AN EXCITING, INTERACTIVE, ENGAGING,TIMBER HERITAGE MUSEUM IN AN 1893 LUMBER COMPANY SHOP COMPLEX TO TELL THE STORY OF THE MEN AND WOMEN OF THE LOGGING AND LUMBER MANUFACTURING INDUSTRY WHO BUILT, WORKED AND LIVED THIS UNIQUE PART OF HISTORY. AS A PART OF THE MUSEUM A STEAM-POWERED EXCURSION TRIN WILL OPERATE AROUND HUMBOLDT BAY USING LOCOMOTIVES FROM THE MUSEUM COLLECTION.

Program Service Accomplishments

Program 1

Expenses: $122,425

PRESERVE, RESTORE, MAINTAIN, INTERPRET ARTIFACTS AND HISTORIC BUILDINGS (1893 LUMBER COMPANY LOCOMOTIVE ROUNDHOUSE AND SHOP COMPLEX). AFTER A TARGETED BROWNFIELD ASSESSMENT, AN ENVIRONMENTAL CLEAN-UP OF LEAD BASED PAINT AND OTHER PROBLEMS HAS BEGUN. THE EFFORT IS MANAGED AND PARTIALLY FINANCED BY THE TIMBER HERITAGE ASSOCIATION, BUT IT HAS AN ENVIRONMENTAL PROTECTION AGENCY GRANT AND LOAN FOR ENVIRONMENTAL CLEAN-UP OF THE 7 ACRE PROPERTY SITE.EDUCATION: QUARTERLY "WHISTLE PUNK" NEWSLETTER CONTAINING NEWS AND HISTORICIAL ARTICLES MAILED AND DISTRIBUTED TO MEMBERS AND INDIVIDUALS IN THE COMMUNITY AT LARGE AND LIBRARIES. LIVING HISTORY DISPLAYS, DEMONSTRATIONS, PRESENTATIONS AND TOURS ARE DONE. A NUMBER OF TOURS WERE GIVEN. THE HERITAGE ASSOCIATION PROVIDES DEMONSTRATIONS, FUND-RAISING RIDES IN HISTORIC LOGGING RAILROAD CREW CARS ON SEVERAL MILES OF HISTORIC RAILROAD TRACK. IT IS DEVELOPING AN EXCURSION TRAIN, HAS HAD A PROFESSIONAL FEASIBILITY STUDY FOR WHAT WILL BE FUND-RAISING RIDES USING HISTORIC LOGGING RAILROAD LOCOMOTIVES AND HISTORIC PASSENGER CAR EQUIPMENT.

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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 $69,861

Program Service Revenue $29,870

Investment Income $2,473

Other Revenue $73,985

TOTAL REVENUE $176,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $186

Program Expenses $122,425

Other Expenses $127,931

TOTAL EXPENSES $127,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,189	$166,644	+0.1%
Expenses	$127,931	$218,967	-0.4%
Net Income	$48,258	$-52,323	-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

N/A

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
SEAN MITCHELL	President	15.00	Officer Director	$0	$0	$0
PETE JOHNSTON	Vice President	20.00	Officer Director	$0	$0	$0
JOSH BUCK	Secretary	5.00	Officer Director	$0	$0	$0
MIKE KELLOGG	Treasurer	5.00	Officer Director	$0	$0	$0
JENNIFER JOHNSTON	Director	7.00	Director	$0	$0	$0
CHET OGAN	Director	7.00	Director	$0	$0	$0
BERNIE CHRISTEN	Director	20.00	Director	$0	$0	$0
BILL KRINER	Director	2.00	Director	$0	$0	$0
JACK JENSON	Director	2.00	Director	$0	$0	$0
JOSEPH OLIVER	Director	10.00	Director	$0	$0	$0
THADDEUS WUEST	Director	2.00	Director	$0	$0	$0
MEGAN FLANNERY	Director	2.00	Director	$0	$0	$0
BRUCE SIEVERTSON	Director	5.00	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	No data	No data	No data	No data
2023	$176,189	$127,931	$1,201,812	$48,258
2022	$166,644	$218,967	$1,136,054	$-52,323
2021	$226,031	$73,627	$1,188,378	$152,404
2020	$88,484	$57,779	$1,042,974	$30,705