KOOCHICHING COUNTY HISTORICAL SOCIETY (EIN 410806250) - 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

1958

Legal Domicile

Principal Officer

ASHLEY LAVIGNE

Phone

2182834136

Tax Period

2024-01-01 to 2024-12-31

KOOCHICHING COUNTY HISTORICAL SOCIETY, founded in 1958, is a small nonprofit that reported $168K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

COLLECT, PRESERVE, INTERPRET AND DISSEMINATE THE HISTORY OF KOOCHICHING COUNTY AND THE STATE OF MINNESOTA. OPERATE A HISTORY MUSEUM WHILE ALSO EDUCATING PEOPLE REGARDING LOCAL HISTORY.

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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 $133,203

Program Service Revenue $12,775

Investment Income $9,333

Other Revenue $12,611

TOTAL REVENUE $167,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,374

Fundraising Expenses $0

Program Expenses $168,423

Other Expenses $118,049

TOTAL EXPENSES $168,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,922	$206,687	-0.2%
Expenses	$168,423	$160,374	+0.1%
Net Income	$-501	$46,313	-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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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

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

$46,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WILLIAMS	PRESIDENT	N/A	Officer Director	$0	$0	$0
CATHERINE CRAWFORD	TREASURER	N/A	Officer Director	$0	$0	$0
LYNDON LARSEN	DIRECTOR	N/A	Director	$0	$0	$0
RANDY POZNIAK	DIRECTOR	N/A	Director	$0	$0	$0
PEGGY VIGOREN	DIRECTOR	N/A	Director	$0	$0	$0
ERNIE TINDELL	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY LAVIGNE	EXECUTIVE DI	40.00	Officer	$46,520	$0	$46,520
BOB DEGROSS	DIRECTOR	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
2024	$167,922	$168,423	$315,541	$-501
2023	$206,687	$160,374	$314,248	$46,313
2022	$290,753	$321,147	$261,935	$-30,394
2021	$172,234	$184,203	$325,377	$-11,969
2020	$225,032	$143,028	$330,354	$82,004

KOOCHICHING COUNTY HISTORICAL SOCIETY