PIPESTONE 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

1963

Legal Domicile

Principal Officer

RACHEL DAVIDS

Phone

5078252563

Tax Period

2022-01-01 to 2022-12-31

PIPESTONE COUNTY HISTORICAL SOCIETY, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $160K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $195K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE A HISTROICAL MUSEUM FOR THE PIPESTONE COUNTY, MINNESOTA REGION

Program Service Accomplishments

Program 1

Expenses: $189,173 Revenue: $160,365

HISTORICAL MUSEUM AVAILABLE TO THE PUBLIC. EXHIBITS DISPLAYING ARCHIVES, AUDIO VISUAL FILMS, READING MATERIALS, BROCHURES, NEWSLETTERS AND HISTORICAL PIECES OF THE AREA. ALSO PROVIDED IS A GIFT SHOP TO PROVIDE PATRONS WITH A VERY LOW COST ITEM THAT SHOULD HELP TO PROMOTE THE LEARINGING EXPERIENCE. ANNUAL ATTENDANCE APPROXIMATES 3,000.

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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 (2022)

Revenue Breakdown

Contributions & Grants $158,065

Program Service Revenue $18,057

Investment Income $-19,504

Other Revenue $3,747

TOTAL REVENUE $160,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,448

Fundraising Expenses $6,196

Program Expenses $189,173

Other Expenses $104,921

TOTAL EXPENSES $195,369

Year-over-Year Comparison

	2022	2021	Change
Revenue	$160,365	$219,748	-0.3%
Expenses	$195,369	$176,979	+0.1%
Net Income	$-35,004	$42,769	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACI BURMEISTER	SECRETARY	1.00	Officer	$0	$0	$0
PAUL EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
SUE PARSLEY	PRESIDENT	1.00	Officer	$0	$0	$0
JODI PANKONEN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNEN MULLER	DIRECTOR	1.00	Officer	$0	$0	$0
GEN LUSTFIELD	VICE PRESIDENT	1.00	Director	$0	$0	$0
RACHEL DAVIDS	TREASURER	1.00	Officer	$0	$0	$0
CHUCK NESS	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$160,365	$195,369	$714,583	$-35,004
2021	$219,748	$176,979	$749,412	$42,769
2020	$182,247	$158,174	$739,016	$24,073
2019	$175,683	$179,403	$684,571	$-3,720
2018	$199,956	$206,721	$691,899	$-6,765