CHIPPEWA 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

1965

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $114,421 Revenue: $24,416

SPECIAL EVENTS INCLUDE THE FOLLOWING: HERITAGE WEEK - 1094 STUDENTS AND ADULTS ATTENDED THIS ANNUAL HISTORY PROGRAM HELD AT HISTORIC CHIPPEWA CITY, WHERE SCHOOL CHILDREN ATTEND EDUCATIONAL CLASSES...

SPECIAL EVENTS INCLUDE THE FOLLOWING: HERITAGE WEEK - 1094 STUDENTS AND ADULTS ATTENDED THIS ANNUAL HISTORY PROGRAM HELD AT HISTORIC CHIPPEWA CITY, WHERE SCHOOL CHILDREN ATTEND EDUCATIONAL CLASSES AND LEARN ABOUT THE LATE 1800S/EARLY 1900S. ANNUAL BANQUET - 75 PEOPLE ATTENDED THIS EVENT WHICH IS HELD ON CONJUNCTION WITH OUR ANNUAL MEETING. THIS EVENT IS MOVED THROUGHOUT CHIPPEWA COUNTY AND INCLUDES A PROGRAM ON LOCAL HISTORY. CHRISTMAS IN THE VILLAGE - 342 PEOPLE ATTENDED THIS EVENT HELD AT HISTORIC CHIPPEWA CITY. THEMED ANNUALLY, WITH DISPLAYS AND EXHIBITS. HORSE POWER EVENT, HELD AT THE SWENSON FARM MUSEUM, 250 PEOPLE ATTENDED THIS LIVING HISTORY PROGRAM WHICH SHOW FARM LIFE IN THE EARLY 1900S. FIELD WORK IS DONE BY HORSES, AND ARTISTS AND EXHIBITS ARE FEATURED IN THE HOUSE, BARN, AND ON THE GROUNDS. MISSION SUNDAY - 36 PEOPLE ATTENDED THIS EVENT. MISSION SUNDAY IS HELD ANNUALLY THE SECOND SUNDAY IN JULY. WORSHIP SERVICE IS HELD WITH A GUEST PASTOR EACH YEAR. THE DAKOTA ASCENSION CHOIRS SINGS SEVERAL DAKOTA HYMNS. A POTLUCK PICNIC IS HELD NEAR THE LAC QUI PARLE DAM AREA. MISSION SUNDAY CELEBRATES THE CHRISTIAN FAITH AND HERITAGE OF THE DAKOTA AND MISSIONARY DESCENDANTS. THEY ALSO HOLD SOCIAL EVENTS FOR THE COMMUNITY AND CHILDREN. THESE CONSISTED OF COOKIES WITH SANTA - 75 PARTICIPANTS; TRICK OR TREAT STREET - 45 PARTICIPANTS; FRIGHT NIGHT - 295 PARTICIPANTS; PARANORMAL EVENT - 120 PARTICIPANTS; WELCOMING WEEK - 53 PARTICIPANTS; MOTHER'S DAY TEA - 16 PARTICIPANTS; AND DAD'S DAY - 43 PARTICIPANTS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$39,640

Total Directors

Key Employees

Highest Compensated

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