GOODHUE COUNTY HISTORICAL SOCIETY INC (EIN 410713917) - Form 990 Financial Analysis & Trantor Score

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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

1951

Legal Domicile

Principal Officer

ROBIN WIPPERLING

Phone

6513886024

Tax Period

2024-01-01 to 2024-12-31

GOODHUE COUNTY HISTORICAL SOCIETY INC, founded in 1951, is a small nonprofit in the Arts, Culture & Humanities sector that reported $420K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 35 months of operating reserves.

Mission

THE GOODHUE COUNTY HISTORICAL SOCIETY SERVES AS THE STEWARD FOR COUNTY HISTORY BY COLLECTING, PRESERVING, AND PROMOTING THE NATURAL AND CULTURAL HISTORY OF GOODHUE COUNTY AND ITS PEOPLE THROUGH EDUCATION AND OUTREACH.

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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 $345,228

Program Service Revenue $10,227

Investment Income $27,345

Other Revenue $37,037

TOTAL REVENUE $419,837

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $280,229

Fundraising Expenses $46,461

Program Expenses $297,278

Other Expenses $162,439

TOTAL EXPENSES $457,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,837	$326,896	+0.3%
Expenses	$457,668	$384,926	+0.2%
Net Income	$-37,831	$-58,030	-0.3%

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

$63,357

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN WIPPERLING	EXECUTIVE DIRECTOR	40.00	Officer	$63,357	$0	$63,357
TODD AVERY	CHAIR	4.00	Officer Director	$0	$0	$0
BRUCE HEMMAH	VICE CHAIR	4.00	Officer Director	$0	$0	$0
TOM PASCH	TREASURER	4.00	Officer Director	$0	$0	$0
KATE LANG	SECRETARY	4.00	Officer Director	$0	$0	$0
SUE BETCHER	COUNTY COMMISSIONER LIASON	1.00	Director	$0	$0	$0
ALYSSA RIEGELMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIN ROBERT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CAIN	DIRECTOR	1.00	Director	$0	$0	$0
LOTTIE ASLAKSON	DIRECTOR	1.00	Director	$0	$0	$0
REBECA PUNG	DIRECTOR	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
2024	$419,837	$457,668	$1,238,135	$-37,831
2023	$326,896	$384,926	$1,226,222	$-58,030
2022	$299,648	$372,524	$1,234,543	$-72,876
2021	$318,748	$287,761	$1,400,627	$30,987
2020	$281,435	$333,580	$1,256,826	$-52,145
2019	$288,879	$342,197	$1,241,916	$-53,318
2018	$361,408	$333,668	$1,204,410	$27,740

GOODHUE COUNTY HISTORICAL SOCIETY INC