HORMEL HISTORIC HOME INC

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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

1927

Legal Domicile

Principal Officer

ADAM HOUCK

Phone

5074334243

Tax Period

2024-09-01 to 2025-08-31

HORMEL HISTORIC HOME INC, founded in 1927, is a small nonprofit that reported $520K in total revenue in fiscal year 2024. Net assets of $2.0M represent 47 months of operating reserves.

Mission

TO PRESERVE THE HISTORY AND VALUES OF THE GEORGE A AND LILIAN HORMEL FAMILY THROUGH THE PRESERVATION OF THE HORMEL HISTORIC HOME AND SERVING THE COMMUNITY AS A MEETING PLACE TO PURSUE THE HORMEL FAMILY VALUES OF HOSPITALITY EDUCATION, MUSIC APPRECIATION, AND ENTREPRENEURSHIP.

Program Service Accomplishments

Program 1

Expenses: $322,206

PRESERVATION OF THE HORMEL HISTORIC HOME

Program 2

Expenses: $76,793

RENTAL FACILITY IN GENERAL BY VARIOUS CLUBS AND INDIVIDUALS

Program 3

Expenses: $114,357

PROVIDED CLASSES, CAMP EVENTS AND ACTIVITIES FOR THE COMMUNITY

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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 $188,188

Program Service Revenue $315,815

Investment Income $15,990

Other Revenue $0

TOTAL REVENUE $519,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,167

Fundraising Expenses $7,990

Program Expenses $513,356

Other Expenses $315,614

TOTAL EXPENSES $553,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,993	$534,645	0.0%
Expenses	$553,781	$556,121	0.0%
Net Income	$-33,788	$-21,476	+0.6%

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

Employees

Volunteers

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

$54,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA J MEANY	EXECUTIVE DI	40.00	Director	$54,375	$0	$54,375
DEREK HJELMEN	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM HOUCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZ KELLNER	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA TJOMSLAND	TRUSTEE	1.00	Director	$0	$0	$0
RENEE WANGEN	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE WILLIAMSON	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
2025	$519,993	$553,781	$2,079,743	$-33,788
2024	$534,645	$556,121	$2,100,854	$-21,476
2023	$646,457	$555,888	$2,090,765	$90,569
2022	$451,296	$494,954	$2,018,603	$-43,658
2021	$321,561	$400,348	$2,066,619	$-78,787
2020	$535,605	$470,038	$2,123,300	$65,567
2019	$682,387	$577,504	$2,074,027	$104,883
2018	$666,959	$567,729	$2,030,657	$99,230