KOSSUTH COUNTY AGRICULTURAL & MOTOR SPORTS MUSEUM

EIN: 270614976 501(c)(3) Arts, Culture & Humanities

ALGONA, IA

Total Revenue
$38,208
Total Expenses
$47,781
Total Assets
$1,285,889
Net Assets
$1,285,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IA
Principal Officer
DONALD HEUPEL
Phone
5153412904
Tax Period
2023-01-01 to 2023-12-31

KOSSUTH COUNTY AGRICULTURAL & MOTOR SPORTS MUSEUM, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 25% operating deficit.

Mission

KOSSUTH COUNTY AGRICULTURAL AND MOTOR SPORTS MUSEUM HAS CONSTRUCTED AND OPERATES AN AGRICULTURAL, MOTOR SPORTS, AND MODEL TRAIN MUSEUM. AGRICULTURE HAS IMPACTED EVERYONE IN KOSSUTH COUNTY. THAT IMPACT IS PART OF OUR HISTORY AND OUR FUTURE. AGRICULTURE HAS CHANGED DRAMATICALLY OVER THE PAST AND WILL CONTINUE TO CHANGE FOR OUR FUTURE. AGRICULTURE IS A COMPONENT OF EVERYONE'S EMPLOYMENT IN KOSSUTH COUNTY AND CAN CONTINUE TO PLAY THAT ROLE FOR OUR FUTURE. IT IS FOR THESE REASONS AND MANY, MANY MORE WHY THIS MUSEUM IS NEEDED FOR EDUCATION, REMEMBERING OUR AGRICULTURE HISTORY, AND FOR PREPARING FUTURE CAREERS IN AGRICULTURE. MOTOR SPORTS IS PART OF MANY KOSSUTH COUNTY RESIDENTS' "WAY OF LIFE" FOR THEIR ENTERTAINMENT AND ENJOYMENT. THIS ACTIVITY HAS BEEN A FINANCIAL STIMULUS FOR MANY BUSINESSES WITHIN KOSSUTH COUNTY. RECOGNIZING AND REMEMBERING THIS COUNTY TRADITION WILL BE REWARDING FOR MANY AND EDUCATING FOR ALL. THE ARLEN BENSCHOTER MODEL TRAIN COLLECTION IS A TREASURE. THIS LARGE, WORKING

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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 $18,529
Program Service Revenue $3,429
Investment Income $1,267
Other Revenue $14,983
TOTAL REVENUE $38,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $45,606
Other Expenses $47,781
TOTAL EXPENSES $47,781

Year-over-Year Comparison

2023 2022 Change
Revenue $38,208 $774,905 -1.0%
Expenses $47,781 $46,254 +0.0%
Net Income $-9,573 $728,651 -1.0%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BLACK DIRECTOR 1.00
Director
$0 $0 $0
BRIAN ELLMAN DIRECTOR 3.00
Director
$0 $0 $0
RICHARD ERPELDING DIRECTOR 2.00
Director
$0 $0 $0
MITCHELL HABEGER TREASURER 2.00
Officer Director
$0 $0 $0
DUANE HANNOVER DIRECTOR 1.00
Director
$0 $0 $0
DONALD HEUPEL PRESIDENT 5.00
Officer Director
$0 $0 $0
RICK KLEIN DIRECTOR 3.00
Director
$0 $0 $0
RON LOHMAN DIRECTOR 5.00
Director
$0 $0 $0
TOM MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
EDGAR MEYER VICE PRESIDE 5.00
Officer Director
$0 $0 $0
RON REEFER DIRECTOR 3.00
Director
$0 $0 $0
IRENE RICKY DIRECTOR 2.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $38,208 $47,781 $1,285,889 $-9,573
2022 $774,905 $46,254 $1,295,462 $728,651
2021 $26,930 $42,381 $566,811 $-15,451
2020 $42,530 $43,050 $582,262 $-520
2019 $30,787 $42,328 $627,782 $-11,541
2018 $17,795 $52,397 $680,573 $-34,602
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