CHIPPEWA COUNTY HISTORICAL SOCIETY

EIN: 411242811 501(c)(3) Arts, Culture & Humanities

MONTEVIDEO, MN

Total Revenue
$215,141
Total Expenses
$164,406
Total Assets
$1,212,708
Net Assets
$1,210,230
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MN
Principal Officer
AMY RAGER
Phone
3202697636
Tax Period
2024-01-01 to 2024-12-31

CHIPPEWA COUNTY HISTORICAL SOCIETY, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 24% operating margin.

Mission

TO PRESERVE HISTORICAL BUILDINGS AND ARTIFACTS FOR EDUCATION OF THE PUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $161,482
Program Service Revenue $24,416
Investment Income $25,441
Other Revenue $3,802
TOTAL REVENUE $215,141

Expense Breakdown

Grants Paid $636
Salaries & Benefits $63,581
Fundraising Expenses $6,788
Program Expenses $114,421
Other Expenses $100,189
TOTAL EXPENSES $164,406

Year-over-Year Comparison

2024 2023 Change
Revenue $215,141 $124,290 +0.7%
Expenses $164,406 $118,263 +0.4%
Net Income $50,735 $6,027 +7.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
143

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
5
$39,640
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARB BUSEMAN EXECUTIVE DI 40.00
Officer
$38,728 $912 $39,640
PAUL OSTLIE DIRECTOR 1.00
Director
$0 $0 $0
BILL PAULING DIRECTOR 1.00
Director
$0 $0 $0
AMY RAGER PRESIDENT 1.00
Officer Director
$0 $0 $0
JONATHAN RICH VICE PRESIDE 1.00
Officer Director
$0 $0 $0
DAVID SLETTEN DIRECTOR 1.00
Director
$0 $0 $0
DAWN SLETTEN SECRETARY 1.00
Officer Director
$0 $0 $0
CINDY WALTER TREASURER 1.00
Officer Director
$0 $0 $0
CHIP WORSECH 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 $215,141 $164,406 $1,212,708 $50,735
2023 $124,290 $118,263 $1,172,633 $6,027
2022 $80,283 $158,151 $1,141,734 $-77,868
2021 $158,742 $104,987 $1,219,237 $53,755
2020 $119,317 $122,078 $1,170,454 $-2,761
2019 $156,359 $130,409 $720,234 $25,950
2018 $87,919 $110,079 $695,175 $-22,160
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