Golden Valley Historical Society

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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

1974

Legal Domicile

Principal Officer

Aaron Black

Phone

7633085059

Tax Period

2024-09-01 to 2025-08-31

Golden Valley Historical Society, founded in 1974, is a micro nonprofit that reported $49K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 64% operating deficit.

Mission

Collect, Preserve and Diseminate the City of Golden Valley Artifacts

Program Service Accomplishments

Program 1

Expenses: $79,861

Received donated artifacts, held 8 membership meetings. Sponsored classes and events in cooperation with the various City of Golden Valley departments, published newsletters and lend out various...

Received donated artifacts, held 8 membership meetings. Sponsored classes and events in cooperation with the various City of Golden Valley departments, published newsletters and lend out various archival items to the Golden Valley business and government entities.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,228

Program Service Revenue $0

Investment Income $2,973

Other Revenue $0

TOTAL REVENUE $49,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,861

Other Expenses $80,616

TOTAL EXPENSES $80,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,201	$136,788	-0.6%
Expenses	$80,616	$171,166	-0.5%
Net Income	$-31,415	$-34,378	-0.1%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Huber	Director	2.00	Director	$0	$0	$0
Karla Rose	Director	2.00	Director	$0	$0	$0
Aaron Black	Director	2.00	Officer Director	$0	$0	$0
David Kuball	Treasurer	8.00	Officer Director	$0	$0	$0
Jim Elert	Director	3.00	Director	$0	$0	$0
Denise LaMere-Anderson	City Council Liaison	5.00	Director	$0	$0	$0
Lin Nelson-Mayson	President	8.00	Director	$0	$0	$0
Nick Thorson	Secretary	4.00	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
2025	$49,201	$80,616	$482,268	$-31,415
2024	$136,788	$171,166	$513,683	$-34,378
2023	$82,536	$117,929	$553,616	$-35,393
2022	$106,095	$141,973	$589,009	$-35,878
2021	$83,266	$133,887	$624,887	$-50,621
2020	$95,881	$139,065	$675,508	$-43,184
2019	$80,660	$168,203	$718,692	$-87,543