Friends of the Lorenzo Bull House
Nonprofit profile at a glance
- EIN
- 844751135
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Quincy, IL, USA
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $54,990
- Expenses
- $18,614
- Assets
- $104,021
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Dick Wellman (President)
- Hollis Axelrod (Vice President)
People named in this filing
- Dick Wellman (President)
- Hollis Axelrod (Vice President)
- Anthony Crane (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Lorenzo Bull House is owned by the Quincy Park District. The purpose of the Friends of the Lorenzo Bull House is to restore, preserve and maintain as a public historical facility and promote utilization of the Lorenzo Bull House.
What it reported doing in 2025
Continued growth of public events, including the Dogwood Parade and Festival. Addition of a story board to the property to educate the public of the historical significance to the community.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 100
- Sustainability: 76
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.1%; rating input score 19
- Program expense ratio: 56.5%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 66.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 5.59; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 19.1% of revenue deployed · 56.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.