ST LOUIS COUNTY HISTORICAL SOCIETY

EIN: 410773781 501(c)(3)

DULUTH, MN

Total Revenue
$779,899
Total Expenses
$879,684
Total Assets
$711,046
Net Assets
$688,702
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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
1922
Legal Domicile
MN
Principal Officer
WAYNE GANNAWAY
Phone
2187337507
Tax Period
2025-01-01 to 2025-12-31

ST LOUIS COUNTY HISTORICAL SOCIETY, founded in 1922, is a small nonprofit that reported $780K in total revenue in fiscal year 2025. Expenses of $880K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO DISCOVER, PRESERVE, AND DISSEMINATE THE HISTORICAL KNOWLEDGE OF ST. LOUIS COUNTY AND THE STATE OF MINNESOTA THROUGH ARCHIVAL AND MUSEUM SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $759,403
Program Service Revenue $7,850
Investment Income $513
Other Revenue $12,133
TOTAL REVENUE $779,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $346,295
Fundraising Expenses $37,846
Program Expenses $618,479
Other Expenses $533,389
TOTAL EXPENSES $879,684

Year-over-Year Comparison

2025 2024 Change
Revenue $779,899 $812,840 0.0%
Expenses $879,684 $793,067 +0.1%
Net Income $-99,785 $19,773 -6.0%
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

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Governance

Voting Members
17
Independent Members
17
Employees
11
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
6
$65,930
Total Directors
19
$65,930
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE GANNAWAY EXECUTIVE DI 40.00
Officer Director
$65,930 $0 $65,930
ROBERT BAEUMLER BOARD MEMBER 1.00
Director
$0 $0 $0
JESS EDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA FOLSTAD BOARD MEMBER 1.00
Director
$0 $0 $0
LEONE GRAF BOARD MEMBER 1.00
Director
$0 $0 $0
TIM GROVER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE HAKALA-BEEKSMA SECRETARY 3.00
Officer Director
$0 $0 $0
RON HEIN TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN HOPPE BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS JENSEN PAST EXEC. D N/A
Officer Director
$0 $0 $0
KAREN KEENAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY KEYES BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE MATTHEWS VICE PRESIDE 2.00
Officer Director
$0 $0 $0
TIM MCLOUGHLIN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA NERVICK BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK PALMQUIST BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF WENCL PRESIDENT 2.00
Officer Director
$0 $0 $0
MICKEY WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
NICK WOGNUM BOARD MEMBER 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 $779,899 $879,684 $711,046 $-99,785
2024 No data No data No data No data
2023 $650,227 $678,365 $3,879,155 $-28,138
2022 $672,719 $696,272 $3,871,205 $-23,553
2021 $723,010 $758,490 $3,937,254 $-35,480
2020 $685,441 $646,976 $3,960,680 $38,465
2019 $594,752 $608,191 $3,816,574 $-13,439
2018 $690,460 $616,578 $3,815,806 $73,882
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