FOLSOM HISTORICAL SOCIETY FOLSOM HISTORY (EIN 942840367) - 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

1960

Legal Domicile

Principal Officer

DR RITA MUKHERJEE HOFFSTA

Phone

9169852707

Tax Period

2023-01-01 to 2023-12-31

FOLSOM HISTORICAL SOCIETY FOLSOM HISTORY, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $553K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO INSPIRE AN INNOVATIVE FUTURE TOGETHER BY CONNECTING FOLSOM TO ITS INVENTIVE ROOTS.

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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 $205,108

Program Service Revenue $83,752

Investment Income $87

Other Revenue $0

TOTAL REVENUE $288,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,347

Fundraising Expenses $43,980

Program Expenses $423,482

Other Expenses $303,902

TOTAL EXPENSES $553,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,947	$813,266	-0.6%
Expenses	$553,249	$482,105	+0.1%
Net Income	$-264,302	$331,161	-1.8%

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

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

$105,000

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM METZKER	TREASURER	4.00	Officer Director	$0	$0	$0
JEFF FERRERIA-PRO	BOARD CHAIR	15.00	Officer Director	$0	$0	$0
IAN CORNELL	SECRETARY	10.00	Officer Director	$0	$0	$0
DEE FORD	ASST TREASURER	4.00	Officer Director	$0	$0	$0
GREG JUNG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
AARON SILVA	DIRECTOR	2.00	Director	$0	$0	$0
KATHY COLE	DIRECTOR	2.00	Director	$0	$0	$0
NICK BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
RITA MUKHERJEE HOFFSTADT	EXEC DIRECTOR	40.00	Officer Director	$105,000	$0	$105,000

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$288,947	$553,249	$963,191	$-264,302
2022	$813,266	$482,105	$1,222,955	$331,161
2021	$193,281	$310,124	$886,764	$-116,843
2020	$657,661	$297,439	$1,009,528	$360,222
2019	$335,854	$289,459	$644,636	$46,395
2018	$288,085	$226,670	$596,738	$61,415

FOLSOM HISTORICAL SOCIETY FOLSOM HISTORY