NORTH STAR SCOUTING MEMORABILIA 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

1976

Legal Domicile

Principal Officer

JOSEPH GLENSKI

Phone

6517482880

Tax Period

2025-01-01 to 2025-12-31

NORTH STAR SCOUTING MEMORABILIA INC, founded in 1976, is a small nonprofit that reported $137K in total revenue in fiscal year 2025. Expenses of $254K exceeded revenue, resulting in a 86% operating deficit.

Mission

THE MISSION OF NORTH STAR SCOUTING MEMORABILIA, INC., DBA NORTH STAR MUSEUM OF BOY SCOUTING AND GIRL SCOUTING IS TO "COLLECT, PRESERVE, SHARE, AND INTERPRET THE HISTORY AND SIGNIFICANCE OF BOY SCOUTING AND GIRL SCOUTING IN THE UPPER MIDWEST." IT COLLECTS MATERIAL RELATING TO BOY SCOUTING AND GIRL SCOUTING, EXHIBITS THESE MATERIALS, HOLDS PUBLIC EVENTS AT WHICH THESE COLLECTIONS TAKE CENTER STAGE, AND WORK WITH YOUTH AND ADULTS TO LEARN THE HISTORY OF SCOUTING IN THIS REGION.

Program Service Accomplishments

Program 1

Expenses: $181,268 Revenue: $6,024

THE BULK OF OUR WORK FALLS UNDER THE CATEGORY OF COLLECTIONS CARE AND PRESERVATION, FROM DEALING WITH INCOMING COLLECTIONS, TO CARING FOR, CATALOGING, AND PROPERLY STORING THOSE OBJECTS THAT WE...

THE BULK OF OUR WORK FALLS UNDER THE CATEGORY OF COLLECTIONS CARE AND PRESERVATION, FROM DEALING WITH INCOMING COLLECTIONS, TO CARING FOR, CATALOGING, AND PROPERLY STORING THOSE OBJECTS THAT WE CHOOSE TO ACCEPT, TO MAKING THE COLLECTIONS AVAILABLE THROUGH EXHIBITION, RESEARCH, AND PUBLICATION. WE DEVOTE A FAIR AMOUNT OF TIME AND EXPENSE TO COLLECTIONS CARE PARTICULARLY. OVER THE YEARS, WE HAVE MOVED THE BACKLOG OF COLLECTIONS PROCESSING, AND FINALLY GOT TO THE POINT WHERE WE ARE ABLE TO ACCESSION AND CATALOG AN ITEM AS SOON AS THE BOARD ACCEPTS IT FOR THE COLLECTION. UNDER THE HEADING OF EDUCATIONAL PROGRAMMING, THE MUSEUM EITHER HOSTS OR GOES OUT TO MORE THAN 10 COMMUNITY/EDUCATIONAL EVENTS, INCLUDING MERIT BADGE WORKSHOPS FOR BOY SCOUTS, TOURS AND PROGRAMS FOR GIRL SCOUTS AND BOY SCOUTS PUBLIC EVENTS, CLASSES, TRAINING, MEETINGS, AND TRAVELING DISPLAYS. A GREAT DEAL OF STAFF AND VOLUNTEER TIME WENT INTO ALL OF THESE EVENTS, AND THOUSANDS OF PEOPLE WERE SERVED, BOTH ON-SITE AND ELSEWHERE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $104,876

Program Service Revenue $22,030

Investment Income $8,689

Other Revenue $1,202

TOTAL REVENUE $136,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,730

Fundraising Expenses $23,724

Program Expenses $181,268

Other Expenses $178,355

TOTAL EXPENSES $254,085

Year-over-Year Comparison

	2025	2024	Change
Revenue	$136,797	$143,471	0.0%
Expenses	$254,085	$247,128	+0.0%
Net Income	$-117,288	$-103,657	+0.1%

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
TERRI ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM ANDREAS	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA CRAIGHEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY DEGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH GLENSKI	CHAIR	1.00	Officer Director	$0	$0	$0
GARY GORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GUTHMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT LEICHTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID NOVY	BOARD MEMBER	1.00	Director	$0	$0	$0
LORENA PALM	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
BONNA SCHERER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETH VOERMANS	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS WELNA	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY WHITE	BOARD MEMBER	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
2025	$136,797	$254,085	$947,194	$-117,288
2024	No data	No data	No data	No data
2023	$133,338	$190,994	$1,111,053	$-57,656
2022	$322,489	$195,364	$1,169,492	$127,125
2021	$239,941	$166,786	$1,044,453	$73,155
2020	$429,456	$187,010	$970,819	$242,446
2019	$240,433	$208,347	$728,786	$32,086
2018	$119,170	$337,023	$700,471	$-217,853