RED WING COLLECTORS SOCIETY INC

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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

1979

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

RED WING COLLECTORS SOCIETY INC, founded in 1979, is a small nonprofit that reported $340K in total revenue in fiscal year 2023.

Mission

DEDICATED TO THE COLLECTION AND PRESERVATION OF RED WING AND OTHER AMERICAN STONEWARE AND POTTERY. TO EXPAND PUBLIC AWARENESS OF STONEWARE AND POTTERY AS AN ART FORM AND AS A HISTORICAL REFLECTION OF AMERICAN CULTURE.

Program Service Accomplishments

Program 1

Expenses: $12,796

THE ORGANIZATION HOLDS A MAJOR SUMMER CONVENTION AND A SMALL MID WINTER CONVENTION. THESE EVENTS PROMOTE THE ART AND ARTISTIC VALUE OF HAND MADE POTTERY. THE CONVENTIONS INCLUDE DISPLAYS AND...

THE ORGANIZATION HOLDS A MAJOR SUMMER CONVENTION AND A SMALL MID WINTER CONVENTION. THESE EVENTS PROMOTE THE ART AND ARTISTIC VALUE OF HAND MADE POTTERY. THE CONVENTIONS INCLUDE DISPLAYS AND EDUCATIONAL PROGRAMS ALONG WITH SOCIAL MEETINGS. THE SUMMER CONVENTION ALSO INCLUDES AN OPPORTUNITY TO BUY AND SELL POTTERY FROM OTHER MEMBERS AND A COMMEMORATIVE PIECE AVAILABLE FOR PURCHASE. THE SUMMER CONVENTION DRAWS AROUND 1600 PEOPLE AND THE MID WINTER CONVENTION DRAWS AROUND 350.

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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 (2023)

Revenue Breakdown

Contributions & Grants $63,732

Program Service Revenue $266,498

Investment Income $3,511

Other Revenue $6,253

TOTAL REVENUE $339,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,143

Fundraising Expenses $179,257

Program Expenses $12,796

Other Expenses $287,057

TOTAL EXPENSES $336,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,994	N/A	N/A
Expenses	$336,200	N/A	N/A
Net Income	$3,794	N/A	N/A

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

N/A

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
CHRIS TINCHER	REP AT LARGE	5.00	Officer	$0	$0	$0
DOUG PERKINS	REP AT LARGE	5.00	Officer	$0	$0	$0
BOB MORAWSKI	COMMEMORATIVE MANAGER	5.00	Officer	$0	$0	$0
AARIKA FLOYD	EDUCATION	5.00	Officer	$0	$0	$0
DAVID HUISMAN	AUCTION MANAGER	5.00	Officer	$0	$0	$0
PAUL WICHERT	PRESIDENT	5.00	Officer	$0	$0	$0
TREVOR STEPHENS	TREASURER	5.00	Officer	$0	$0	$0
RUSSA ROBINSON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
NANCY LAMBERT	HISTORIAN	5.00	Officer	$0	$0	$0
ANGELA SHEFVELAND	SECRETARY	5.00	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	No data	No data	No data	No data
2023	$339,994	$336,200	$529,655	$3,794
2022	$233,552	$238,199	$525,321	$-4,647
2021	$242,826	$194,328	$527,834	$48,498
2020	$278,544	$248,605	$478,834	$29,939
2019	$323,366	$341,446	$457,851	$-18,080
2018	$333,591	$342,652	$476,796	$-9,061