NORTHFIELD HISTORICAL SOCIETY INC

EIN: 411270991 501(c)(3)

NORTHFIELD, MN

Total Revenue
$242,692
Total Expenses
$317,134
Total Assets
$1,175,641
Net Assets
$1,135,695
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MN
Principal Officer
AARON STREET
Phone
5076459268
Tax Period
2024-01-01 to 2024-12-31

NORTHFIELD HISTORICAL SOCIETY INC, founded in 1975, is a small nonprofit that reported $243K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $317K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE PURPOSE OF THE NORTHFIELD HISTORICAL SOCIETY IS TO CONNECT INDIVIDUALS TO THE HISTORY OF THE NORTHFIELD AREA BY COLLECTING, PRESERVING, AND SHARING ITS UNIQUE STORIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $141,345
Program Service Revenue $46,055
Investment Income $8,821
Other Revenue $46,471
TOTAL REVENUE $242,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,028
Fundraising Expenses $35,880
Program Expenses $168,695
Other Expenses $170,106
TOTAL EXPENSES $317,134

Year-over-Year Comparison

2024 2023 Change
Revenue $242,692 $204,973 +0.2%
Expenses $317,134 $306,484 +0.0%
Net Income $-74,442 $-101,511 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
40

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON STREET PRESIDENT 2.00
Officer Director
$0 $0 $0
ALYSSA NESS SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID MUCHA TREASURER 2.00
Officer Director
$0 $0 $0
MARK HEIMAN VICE PRESIDE 2.00
Officer Director
$0 $0 $0
DICK WATERS BOARD MEMBER 2.00
Director
$0 $0 $0
JIM NOONAN BOARD MEMBER 2.00
Director
$0 $0 $0
RYLIE SHOCK BOARD MEMBER 2.00
Director
$0 $0 $0
JAKE ODELL BOARD MEMBER 2.00
Director
$0 $0 $0
JULIA TASSAVA BOARD MEMBER 2.00
Director
$0 $0 $0
KOSMO ESPLAN BOARD MEMBER 2.00
Director
$0 $0 $0
RAE MUSICANT BOARD MEMBER 2.00
Director
$0 $0 $0
SARA HOFFMAN BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH KENNEDY BOARD MEMBER 2.00
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 $242,692 $317,134 $1,175,641 $-74,442
2023 $204,973 $306,484 $1,253,703 $-101,511
2022 $220,883 $263,948 $1,368,724 $-43,065
2021 $239,730 $295,063 $1,428,981 $-55,333
2020 $225,924 $221,698 $1,458,280 $4,226
2019 $209,552 $238,756 $1,403,484 $-29,204
2018 $224,895 $222,092 $1,416,962 $2,803
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NORTHFIELD HISTORICAL SOCIETY INC with other nonprofits in Minnesota and across the country.