NICOLLET COUNTY HISTORICAL SOCIETY

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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

1928

Legal Domicile

Phone

5079342160

Tax Period

2023-01-01 to 2023-12-31

NICOLLET COUNTY HISTORICAL SOCIETY, founded in 1928, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $295K exceeded revenue, resulting in a 41% operating deficit.

Mission

HISTORICAL PRESERVATION AND PROGRAMS AIMED AT PROMOTING THE HISTORY OF NICOLLET COUNTY.

Program Service Accomplishments

Program 1

Expenses: $255,205

PRESERVATION OF SIGNIFICANT HISTORIC MEDIA TO PRESENT TO THE GENERAL PUBLIC FOR VIEWING, TOURING, AND RESEARCH THROUGH MUSEUM DISPLAYS, ARCHIVES, AND HISTORIC SITES. NCHS SERVES VISITORS AT ITS SITES THROUGH EXHIBITS, PROGRAMS, TOURS, AND MORE. THEIR WEBSITE IS VISITED BY MANY PEOPLE THROUGHOUT THE USA AND BEYOND. THROUGH THEIR ONLINE PRESENCE , SOCIAL MEDIA IMPRESSIONS AND REACH, EXPLORE MINNESOTA, AND MINNESOTA DIGITAL LIBRARY THEY SERVED AN ESTIMATED 350,000 PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $172,765

Program Service Revenue $30,136

Investment Income $3,473

Other Revenue $2,810

TOTAL REVENUE $209,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,154

Fundraising Expenses $18,374

Program Expenses $255,205

Other Expenses $178,021

TOTAL EXPENSES $295,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,184	$315,002	-0.3%
Expenses	$295,175	$340,619	-0.1%
Net Income	$-85,991	$-25,617	+2.4%

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

$54,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA BECKER	Executive Dir.	40.00	Officer	$49,361	$5,472	$54,833
KATE MARTENS	President	5.00	Officer Director	$0	$0	$0
TAMI SKINNER	Vice President	5.00	Officer Director	$0	$0	$0
SCOTT HERMANSON	Director	2.00	Director	$0	$0	$0
JON SMITHERS	Director	2.00	Director	$0	$0	$0
DENNY SCHMIDT	Director	2.00	Director	$0	$0	$0
JOE METZEN	Director	2.00	Director	$0	$0	$0
DANA MELIUS	Secretary	5.00	Officer Director	$0	$0	$0
BOB SANDEEN	Director	2.00	Director	$0	$0	$0
ALMA FORST	Director	2.00	Director	$0	$0	$0
JOHN CHAMBERLAIN	Director	2.00	Director	$0	$0	$0
ERIC ANNEXSTAD	Director	2.00	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	No data	No data	No data	No data
2023	$209,184	$295,175	$1,008,274	$-85,991
2022	$315,002	$340,619	$1,080,964	$-25,617
2021	$215,560	$261,031	$1,148,770	$-45,471
2020	$239,739	$237,593	$1,176,258	$2,146
2019	$335,915	$298,345	$1,145,070	$37,570
2018	$255,607	$269,730	$1,095,282	$-14,123