MINNESOTA HISTORY LEARNING CENTER

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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

2009

Legal Domicile

Principal Officer

LORAN KAARDAL

Phone

5076402600

Tax Period

2019-01-01 to 2019-12-31

MINNESOTA HISTORY LEARNING CENTER, founded in 2009, is a micro nonprofit that reported $33K in total revenue in fiscal year 2019. Revenue fell 211% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO PROVIDE AN EDUCATIONAL OPPORTUNITY FOR YOUTH AND ADULTS TO LEARN THE HISTORY OF MINNESOTA RIVER VALLEY.

Program Service Accomplishments

Program 1

THE EXPENSES RELATE TO THE SUMMER HISTORY CAMP PROVIDE FOR THE YOUTH OF THE AREA

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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 (2019)

Revenue Breakdown

Contributions & Grants $10,455

Program Service Revenue $0

Investment Income $-43,620

Other Revenue $-163

TOTAL REVENUE $-33,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,758

Other Expenses $42,758

TOTAL EXPENSES $42,758

Year-over-Year Comparison

	2019	2018	Change
Revenue	$-33,328	$29,921	-2.1%
Expenses	$42,758	$17,362	+1.5%
Net Income	$-76,086	$12,559	-7.1%

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
ROGER GILLAND	VICE PRESIDE	N/A	Director	$0	$0	$0
LORAN KAARDAL	TREASURER	N/A	Officer Director	$0	$0	$0
PAULINE NICKEL	PRESIDENT	N/A	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
2019	$-33,328	$42,758	No data	$-76,086
2018	$29,921	$17,362	$98,912	$12,559