MOWER 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

1947

Legal Domicile

Phone

5074376082

Tax Period

2024-01-01 to 2024-12-31

MOWER COUNTY HISTORICAL SOCIETY, founded in 1947, is a small nonprofit in the Arts, Culture & Humanities sector that reported $187K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $527K represent 34 months of operating reserves.

Mission

DISCOVER, COLLECT, PRESERVE, AND SHARE THE HISTORY OF MOWER COUNTY AND RELATE IT TO THE HISTORY OF MINNESOTA

Program Service Accomplishments

Program 1

Expenses: $102,757

MOWER COUNTY HISTORICAL SOCIETY HAS DISCOVERED, COLLECTED, PRESERVED AND DISSEMINATED NUMEROUS FACTS ABOUT MOWER COUNTY AND HOW IT RELATES TO THE HISTORY OF THE STATE OF MINNESOTA.

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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 $155,725

Program Service Revenue $11,054

Investment Income $5,674

Other Revenue $14,254

TOTAL REVENUE $186,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,125

Fundraising Expenses $0

Program Expenses $102,757

Other Expenses $64,124

TOTAL EXPENSES $193,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,707	$208,287	-0.1%
Expenses	$193,249	$199,495	0.0%
Net Income	$-6,542	$8,792	-1.7%

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

$52,824

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDAL J FORSTER	EXECUTIVE DIRECTOR	40.00	Officer	$52,824	$0	$52,824
GENE ANDERSON	DIRECTOR	0.75	Director	$0	$0	$0
LEE BJORNDAL	DIRECTOR	0.75	Director	$0	$0	$0
PAUL WHITE	DIRECTOR	0.75	Director	$0	$0	$0
JIM BRAATEN	DIRECTOR	0.75	Director	$0	$0	$0
TERRY PLACEK	DIRECTOR	0.75	Director	$0	$0	$0
MARSHA KUEHNE	DIRECTOR	0.75	Director	$0	$0	$0
STEVE BURMA	DIRECTOR	0.75	Director	$0	$0	$0
PAUL SPYHALSKI	DIRECTOR	0.75	Director	$0	$0	$0
DIANA WITT	TREASURER	0.75	Officer	$0	$0	$0
THERESA BECKER-ERSLAND	VICE PRESIDENT	0.75	Officer	$0	$0	$0
HOLLY JOHNSON	SECRETARY	0.75	Officer	$0	$0	$0
JEFF ANDERSON	PRESIDENT	0.75	Officer	$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	No data	No data	No data	No data
2024	$186,707	$193,249	$527,357	$-6,542
2023	$208,287	$199,495	$523,242	$8,792
2022	$284,957	$290,928	$506,690	$-5,971
2021	$232,039	$209,277	$501,060	$22,762
2018	$185,239	$202,471	$411,991	$-17,232