ALEXANDRIA, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RUNESTONE MUSEUM FOUNDATION, founded in 1958, is a small nonprofit in the Arts, Culture & Humanities sector that reported $159K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $213K exceeded revenue, resulting in a 34% operating deficit.
INFORM OUR FUTURE BY PRESERVING OUR PAST WHILE INSPIRING CURIOSITY ABOUT REGIONAL HISTORY AND HERITAGE THROUGH COMMUNITY ENGAGEMENT AND EDUCATION.
IN 2024, MUSEUM ATTENDANCE CONTINUES TO INCREASE. CHRISTMAS IN THE FORT WAS A SUCCESSFUL EVENT, EVEN THOUGH THE TEMPS WERE EXTREMELY COLD. RENOVATIONS WERE MADE TO THE EXTERIOR OF THE BUILDING, WHICH...
IN 2024, MUSEUM ATTENDANCE CONTINUES TO INCREASE. CHRISTMAS IN THE FORT WAS A SUCCESSFUL EVENT, EVEN THOUGH THE TEMPS WERE EXTREMELY COLD. RENOVATIONS WERE MADE TO THE EXTERIOR OF THE BUILDING, WHICH INCLUDED PAINTING AND LANDSCAPING. IMPROVEMENTS WERE MADE TO THE EXTERIOR OF THE AGRICULTURE BUILDING TO REPAIR DAMAGE CAUSED BY NATURAL WEAR AND TEAR. THE MUSEUM CONTINUES ITS 30 MINUTE RADIO SPOTLIGHT ONCE A MONTH TO PROMOTE THE MUSEUM. WE SUPPORTED COMMUNITY EVENTS SUCH AS THE ALZHEIMER'S WALK AND THE 4-H EXHIBIT GRAND OPENING. A GREAT EFFORT WAS MADE TO CLEAN-UP AND IMPROVE FILES, ARCHIVED INFORMATION, AND GENERAL REPORTING PROCEDURES. THE SCANDINAVIAN HERITAGE AREA HAS BEEN RE-CURATED AND IMPROVED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $158,594 | $99,878 | +0.6% |
| Expenses | $213,260 | $173,509 | +0.2% |
| Net Income | $-54,666 | $-73,631 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHAD MEYER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL MEYER | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK HOFF | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN ERICKSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GERI ZABROSKY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LYNNE COSMANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEGHANN EDWARDS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $158,594 | $213,260 | $647,855 | $-54,666 |
| 2023 | $99,878 | $173,509 | $700,344 | $-73,631 |
| 2022 | $210,971 | $134,247 | $769,998 | $76,724 |
| 2021 | $163,001 | $108,387 | $701,489 | $54,614 |
| 2020 | $152,857 | $145,318 | $641,822 | $7,539 |
| 2019 | $158,238 | $145,675 | $588,451 | $12,563 |
| 2018 | $153,573 | $139,852 | $587,963 | $13,721 |
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