LAKE OF THE WOODS COUNTY HISTORICAL SOCIETY (EIN 411296671) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Phone

2186341200

Tax Period

2024-01-01 to 2024-12-31

LAKE OF THE WOODS COUNTY HISTORICAL SOCIETY is a 501(c)(3) with EIN 411296671, based in BAUDETTE, MN. Founded in 1965, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $316,733 in total revenue and $126,848 in total expenses, with net assets of $925,435.

Mission

MAINTAIN COUNTY HISTORICAL MUSEUM

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $316,033

Program Service Revenue $120

Investment Income $113

Other Revenue $467

TOTAL REVENUE $316,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,218

Fundraising Expenses $0

Program Expenses $45,659

Other Expenses $89,630

TOTAL EXPENSES $126,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,733	$168,171	+0.9%
Expenses	$126,848	$138,794	-0.1%
Net Income	$189,885	$29,377	+5.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALISTA WOLF	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE NESMITH	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE LARSON	DIRECTOR	1.00	Director	$0	$0	$0
SHAWNA WENDLER	DIRECTOR	1.00	Director	$0	$0	$0
GREG JOHNSON	TREASURER	2.00	Officer	$0	$0	$0
GRETCHEN MEHMEL	SECRETARY	2.00	Officer	$0	$0	$0
ROBBIE HUMENIUK	PRESIDENT	2.00	Officer	$0	$0	$0
DON HOLTE	VICE-PRESIDENT	2.00	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
2024	$316,733	$126,848	$926,461	$189,885
2023	$168,171	$138,794	$749,196	$29,377
2022	$114,620	$131,818	$717,335	$-17,198
2021	$182,733	$121,306	$734,496	$61,427
2020	$108,354	$104,046	$682,471	$4,308
2019	$114,443	$121,869	$668,541	$-7,426
2018	$115,565	$97,289	$676,088	$18,276

LAKE OF THE WOODS COUNTY HISTORICAL SOCIETY