RENVILLE 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

1940

Legal Domicile

Principal Officer

DAVID TORGELSON

Phone

5076976147

Tax Period

2025-01-01 to 2025-12-31

RENVILLE COUNTY HISTORICAL SOCIETY, founded in 1940, is a small nonprofit that reported $126K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $154K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO DISCOVER, PRESERVE AND DISSEMINATE KNOWLEDGE ABOUT THE HISTORY OF RENVILLE COUNTY AND THE STATE OF MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $125,203 Revenue: $26,884

THE RENVILLE COUNTY HISTORICAL SOCIETY COLLECTED, PRESERVED, AND SHARED THE HISTORY OF RENVILLE COUNTY AND ITS PEOPLE THROUGH VARIOUS SPRING, SUMMER, FALL, AND WINTER PROGRAMS AND ACTIVITIES.

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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 $87,349

Program Service Revenue $26,884

Investment Income $11,268

Other Revenue $0

TOTAL REVENUE $125,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,434

Fundraising Expenses $0

Program Expenses $125,203

Other Expenses $74,719

TOTAL EXPENSES $154,153

Year-over-Year Comparison

	2025	2024	Change
Revenue	$125,501	$154,542	-0.2%
Expenses	$154,153	$163,864	-0.1%
Net Income	$-28,652	$-9,322	+2.1%

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

N/A

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

$44,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE ELZENGA	DIRECTOR	40.00	Director	$44,000	$0	$44,000
DOROTHY BOERBOOM	SECRETARY	2.00	Officer	$0	$0	$0
COLLEEN FREITAG	TREASURER	2.00	Officer	$0	$0	$0
DAVID TORGELSON	PRESIDENT	2.00	Officer	$0	$0	$0
KURT VALENTIN	VICE PRESIDE	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
2025	$125,501	$154,153	$326,273	$-28,652
2024	No data	No data	No data	No data
2023	$108,722	$116,455	$366,547	$-7,733
2022	$147,720	$184,969	$375,553	$-37,249
2021	$131,061	$102,257	$417,993	$28,804
2020	$100,428	$88,061	$389,626	$12,367
2019	$249,687	$89,078	$375,507	$160,609
2018	$96,952	$80,287	$227,661	$16,665