Menominee Range Historical Foundation

EIN: 237085637 501(c)(3) Arts, Culture & Humanities

Iron Mountain, MI

Total Revenue
$185,336
Total Expenses
$93,938
Total Assets
$1,670,335
Net Assets
$1,668,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MI
Principal Officer
Guy Forstrom
Phone
9068281822
Tax Period
2023-01-01 to 2023-12-31

Menominee Range Historical Foundation, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $91K, a strong 49% operating margin.

Mission

Operate three museums in the Iron Mountain area and preserve artifacts from the past history of the iron range

Program Service Accomplishments

Program 1
Expenses: $91,763 Revenue: $185,336

Operate three museums in the Iron Mountain Michigan area and preserve artifacts from past history of the iron range

Program 2
Expenses: $0 Revenue: $0

N/A

Program 3
Expenses: $0 Revenue: $0

N/A

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $139,226
Program Service Revenue $41,029
Investment Income $7,987
Other Revenue $-2,906
TOTAL REVENUE $185,336

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,740
Fundraising Expenses $0
Program Expenses $91,763
Other Expenses $61,198
TOTAL EXPENSES $93,938

Year-over-Year Comparison

2023 2022 Change
Revenue $185,336 $167,990 +0.1%
Expenses $93,938 $97,325 0.0%
Net Income $91,398 $70,665 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
25

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Huotari President 0.00
Officer Director
$0 $0 $0
Jim Hartwell Vice President 0.00
Officer Director
$0 $0 $0
Mikki Hall Secretary 0.00
Officer Director
$0 $0 $0
Guy Forstrom Treasurer 0.00
Officer Director
$0 $0 $0
Robert Johnson Director 0.00
Director
$0 $0 $0
Jayna Huotari Director 0.00
Director
$0 $0 $0
William Cummings Director 0.00
Director
$0 $0 $0
Roger Scott Director 0.00
Director
$0 $0 $0
Pam Edens Director 0.00
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 $185,336 $93,938 $1,670,335 $91,398
2022 $167,990 $97,325 $1,579,058 $70,665
2021 $192,285 $88,026 $1,508,036 $104,259
2020 $162,597 $80,924 $1,403,770 $81,673
2019 $134,925 $96,322 $1,322,053 $38,603
2018 $81,620 $95,114 $1,282,938 $-13,494
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