HENNEPIN HISTORY MUSEUM

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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

1938

Legal Domicile

Principal Officer

JOHN CRIPPEN

Phone

6128701329

Tax Period

2024-01-01 to 2024-12-31

HENNEPIN HISTORY MUSEUM, founded in 1938, is a small nonprofit in the Arts, Culture & Humanities sector that reported $562K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $542K left a modest 4% surplus.

Mission

WE PRESERVE AND EXPLORE HISTORY, CREATING SPACES WHERE OUR COMMUNITIES' STORIES CAN BE TOLD.

Program Service Accomplishments

Program 1

Expenses: $465,939 Revenue: $20,798

EDUCATIONAL PROGRAMS - THE MUSEUM OPERATES EXHIBIT GALLERIES AND PUBLIC PROGRAMS BOTH INSIDE THE MUSEUM BUILDING AND OUT IN THE COMMUNITY, AND IN THE RESEARCH LIBRARY. WE ALSO ENGAGE PEOPLE ONLINE...

EDUCATIONAL PROGRAMS - THE MUSEUM OPERATES EXHIBIT GALLERIES AND PUBLIC PROGRAMS BOTH INSIDE THE MUSEUM BUILDING AND OUT IN THE COMMUNITY, AND IN THE RESEARCH LIBRARY. WE ALSO ENGAGE PEOPLE ONLINE THROUGH OUR WEBSITE AND VARIOUS SOCIAL MEDIA PLATFORMS. HENNEPIN HISTORY MAGAZINE IS PUBLISHED TWO TIMES A YEAR, AND IS SENT TO MEMBERS AS WELL AS SOLD IN THE MUSEUM STORE.COLLECTIONS MANAGEMENT AND CARE - WORK HAS CONTINUED ON COLLECTIONS DOCUMENTATION PROJECTS: CATOLOGUING, INVENTORYING, AND PROCESSING THE OVERALL COLLECTION; DETERMINING LONG-TERM VALUE; AND IDENTIFYING FUTURE COLLECTION NEEDS. COMMUNITY PARTNERSHIPS - THE MUSEUM CONTINUES TO PARTNER WITH SEVERAL OTHER ORANIZATIONS IN THE AREA. OF PARTICULAR NOTE ARE INTERNSHIPS AND CLASSWORK WITH LOCAL UNIVERSITIES; A VARIETY OF ORGANIZATIONS RELATED TO WORK ON OUR HAHA WAKPADAN PROJECT AND THE MINNESOTA SPORTS HALL OF FAME.

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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 $540,262

Program Service Revenue $20,798

Investment Income $57

Other Revenue $915

TOTAL REVENUE $562,032

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $279,321

Fundraising Expenses $35,680

Program Expenses $465,939

Other Expenses $258,501

TOTAL EXPENSES $542,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,032	$467,767	+0.2%
Expenses	$542,322	$433,895	+0.2%
Net Income	$19,710	$33,872	-0.4%

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

$57,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA MOORE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID FRANK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA MERRILL	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHLEEN BOE	TREASURER	2.00	Officer Director	$0	$0	$0
JACQUELINE R DEVRIES	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GOGGIN	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HINZ	DIRECTOR	2.00	Director	$0	$0	$0
KARL HOLTER	DIRECTOR	2.00	Director	$0	$0	$0
JON LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
AMY LUCAS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RAINVILLE JR	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA STONE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH WOVCHA	DIRECTOR	2.00	Director	$0	$0	$0
GLENN WOYTHALER	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR (EX-OFFICIO)	1.00		$0	$0	$0
N/A	DIRECTOR (EX-OFFICIO)	1.00		$0	$0	$0
JOHN CRIPPEN	EXECUTIVE DIRECTOR	40.00	Officer	$57,599	$0	$57,599

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	$562,032	$542,322	$135,376	$19,710
2023	$467,767	$433,895	$94,040	$33,872
2022	$483,650	$530,900	$76,285	$-47,250
2021	$668,416	$590,531	$104,118	$77,885
2020	$416,464	$522,358	$81,730	$-105,894
2019	$488,336	$514,896	$136,680	$-26,560
2018	$506,530	$697,509	$166,337	$-190,979