Park City Historical Society

Nonprofit profile at a glance

EIN
942792051
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Park City, UT, USA
Phone
4356497457
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$2,521,608
Expenses
$2,080,758
Assets
$9,275,261
Liabilities
$44,603

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • RANDY SCOTT (PRESIDENT)

Highest reported compensation

  • MORGAN PIERCE (EXECUTIVE DI): $144,059 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Preserve, protect and promote park city's history and heritage by: a) professionally interpreting park city and regional western history through engaging exhibitions and educational programs; b) researching, recording, preserving, and disseminating park city history; c) promoting and advocating for the preservation of park city's important history and historic sites.

What it reported doing in 2024

Museum: the museum welcomed approximately 108,000 visitors in 2024 including more than 3,500 school children on a field trip or museum visit and more than 1,000 people attended one of our 19 lectures. Our tozer gallery hosted 3 nationally touring exhibitions to help attract visitors. Preservation: the park city historical society holds an extensive collection of historic objects, papers and photographs. Genealogists, historic property owners, planners, architects, scholars, journalists and students request research from our hal compton research library located at the park city museum. The park city historical society owns the historic glenwood cemetery and allocates resources to ensure its preservation for future generations to explore and enjoy. Dedicated to the stabilization and preservation of the last remaining historic mining structures located on the mountains surrounding park city, in 2024 the park city historical society continued its efforts to save the silver king and thaynes headframe buildings.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.4%; rating input score 81
  • Program expense ratio: 87.8%; rating input score 88
  • Fundraising efficiency: $15.31 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.5%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 4.46; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 7.7% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 81.4% of revenue deployed · 87.8% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $144K · 16 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.