SHERBURNE 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

1972

Legal Domicile

Phone

7632614433

Tax Period

2024-01-01 to 2024-12-31

SHERBURNE COUNTY HISTORICAL SOCIETY, founded in 1972, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $296K exceeded revenue, resulting in a 11% operating deficit.

Mission

COLLECT HISTORICAL INFORMATION

Program Service Accomplishments

Program 1

Expenses: $222,617

THE SOCIETY IS CARRYING OUT ITS MISSION BY PROVIDING EDUCATIONAL OUTREACH OPPORTUNITIES AND PROTECTING ARTIFACTS. THE OBJECTIVES OF THE SOCIETY ARE SUPPORTED BY MORE THAN 117 MEMBERS AND 306...

THE SOCIETY IS CARRYING OUT ITS MISSION BY PROVIDING EDUCATIONAL OUTREACH OPPORTUNITIES AND PROTECTING ARTIFACTS. THE OBJECTIVES OF THE SOCIETY ARE SUPPORTED BY MORE THAN 117 MEMBERS AND 306 VOLUNTEER HOURS OF SERVICE.

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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 $221,088

Program Service Revenue $2,570

Investment Income $39,104

Other Revenue $3,184

TOTAL REVENUE $265,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,447

Fundraising Expenses $6,624

Program Expenses $222,617

Other Expenses $105,022

TOTAL EXPENSES $296,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,946	$400,427	-0.3%
Expenses	$296,469	$234,374	+0.3%
Net Income	$-30,523	$166,053	-1.2%

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
MIKE BRUBAKER	EXECUTIVE DIRECTOR	40.00		$63,295	$577	$63,872
BRENDA SEILER	Director	1.00	Director	$0	$0	$0
CHERY IVERSON	Director	1.00	Director	$0	$0	$0
DEBBIE ROBB	Director	1.00	Director	$0	$0	$0
JILL RUDNITSKI	Director	1.00	Director	$0	$0	$0
MARILYN DANIELSON	President	1.00	Officer	$0	$0	$0
DWAYNE IVERSON	Treasurer	1.00	Officer	$0	$0	$0
SUSAN DUNBAR	Vice President	1.00	Officer	$0	$0	$0
BRIAN DAVID	Secretary	1.00	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	$265,946	$296,469	$782,538	$-30,523
2023	$400,427	$234,374	$812,079	$166,053
2023	$400,427	$234,374	$812,079	$166,053
2022	$302,355	$247,287	$650,873	$55,068
2021	$228,533	$247,367	$592,590	$-18,834
2020	$249,317	$265,881	$612,249	$-16,564
2019	$235,977	$264,421	$631,406	$-28,444
2018	$178,360	$265,745	$668,728	$-87,385