Itasca County Historical Society (EIN 410984222) - 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

1971

Legal Domicile

Principal Officer

Susan Kujala

Phone

2183266431

Tax Period

2024-01-01 to 2024-12-31

Itasca County Historical Society, founded in 1971, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Expenses of $136K left a modest 9% surplus.

Mission

To connect people to the history of Itasca County

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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 $121,864

Program Service Revenue $984

Investment Income $7,441

Other Revenue $18,152

TOTAL REVENUE $148,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,689

Fundraising Expenses $23,113

Program Expenses $108,511

Other Expenses $55,042

TOTAL EXPENSES $135,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,441	$154,005	0.0%
Expenses	$135,731	$151,249	-0.1%
Net Income	$12,710	$2,756	+3.6%

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

$45,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Uzelac	President	4.00	Officer Director	$0	$0	$0
Leona Litchke	Vice President	4.00	Officer Director	$0	$0	$0
Susan Kujala	Treasurer	4.00	Officer Director	$0	$0	$0
Ginny Frahm	Secretary	4.00	Officer Director	$0	$0	$0
Richard Lacher	Director	4.00	Director	$0	$0	$0
Roberta Truempler	Director	4.00	Director	$0	$0	$0
Barbara Adams	Director	4.00	Director	$0	$0	$0
Peggy Hagen	Director	4.00	Director	$0	$0	$0
Lilah Crowe	Executive Director	40.00	Director	$45,135	$0	$45,135

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	$148,441	$135,731	$499,988	$12,710
2023	$154,005	$151,249	$483,342	$2,756
2022	$135,553	$142,546	$470,247	$-6,993
2021	$169,525	$150,300	$500,302	$19,225
2020	$167,348	$153,998	$493,232	$13,350
2019	$162,351	$187,741	$456,862	$-25,390
2018	$206,037	$173,543	$479,570	$32,494

Itasca County Historical Society