BLUE EARTH COUNTY HISTORICAL SOCIETY

EIN: 237289370 501(c)(3) Arts, Culture & Humanities

MANKATO, MN

Total Revenue
$319,205
Total Expenses
$603,798
Total Assets
$1,842,119
Net Assets
$1,809,405
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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
1901
Legal Domicile
MN
Principal Officer
NIKOLAS PROEHL
Phone
5073455566
Tax Period
2023-01-01 to 2023-12-31

BLUE EARTH COUNTY HISTORICAL SOCIETY, founded in 1901, is a small nonprofit in the Arts, Culture & Humanities sector that reported $319K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $604K exceeded revenue, resulting in a 89% operating deficit.

Mission

SEE PAGE 2, PART III, LINE 1.

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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 $247,195
Program Service Revenue $48,722
Investment Income $11,994
Other Revenue $11,294
TOTAL REVENUE $319,205

Expense Breakdown

Grants Paid $224,698
Salaries & Benefits $221,880
Fundraising Expenses $4,763
Program Expenses $479,904
Other Expenses $157,220
TOTAL EXPENSES $603,798

Year-over-Year Comparison

2023 2022 Change
Revenue $319,205 $485,751 -0.3%
Expenses $603,798 $438,656 +0.4%
Net Income $-284,593 $47,095 -7.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
7
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIKOLAS PROEHL CHAIR 1.00
Officer
$0 $0 $0
DAN TOMHAVE VICE CHAIR 1.00
Officer
$0 $0 $0
JENNIFER ECHEVARRIA TREASURER 1.00
Officer
$0 $0 $0
KIRBY HURD SECRETARY 1.00
Officer
$0 $0 $0
JO GUCK BAILEY TRUSTEE 1.00
Director
$0 $0 $0
BRAD BINDIG TRUSTEE 1.00
Director
$0 $0 $0
MARY ANN BRENDEN TRUSTEE 1.00
Director
$0 $0 $0
JOE FARNHAM TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE HUGHES TRUSTEE 1.00
Director
$0 $0 $0
LILLIAN LAMOREUX TRUSTEE 1.00
Director
$0 $0 $0
KELLY MCBRIDE TRUSTEE 1.00
Director
$0 $0 $0
KRISTI MARUSKA TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA NIENOW TRUSTEE 1.00
Director
$0 $0 $0
ERIC OLESON TRUSTEE 1.00
Director
$0 $0 $0
MADYSEN PEARSON TRUSTEE 1.00
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 $319,205 $603,798 $1,842,119 $-284,593
2022 $485,751 $438,656 $2,056,800 $47,095
2021 $381,496 $339,707 $2,072,827 $41,789
2020 $391,856 $307,988 $2,004,100 $83,868
2019 $400,401 $308,815 $1,929,314 $91,586
2018 $788,932 $334,934 $1,784,423 $453,998
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