RICE 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

1945

Legal Domicile

Principal Officer

DAVID NICHOLS

Phone

5073322121

Tax Period

2025-01-01 to 2025-12-31

RICE COUNTY HISTORICAL SOCIETY, founded in 1945, is a small nonprofit in the Arts, Culture & Humanities sector that reported $317K in total revenue in fiscal year 2025. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 21% operating margin.

Mission

THE RICE COUNTY HISTORICAL SOCIETY MANAGES 8 HISTORIC BUILDINGS AND A COLLECTION OF OVER 120,000 ITEMS. WE ARE DEDICATE TO HELPING PRESERVE AND EDUCATE ON THE HISTORY AND CULTURE OF THE PEOPLES OF RICE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $176,007 Revenue: $45,543

THE MUSEUM PROVIDES GUIDED AND SELF-GUIDED PUBLIC TOURS THAT INTERPRET THE HISTORY, ARCHITECTURE, AND DAILY LIFE ASSOCIATED WITH SEVERAL HISTORIC SITE BUILDINGS. THESE TOURS ARE OPEN TO THE GENERAL PUBLIC AND OFFER EDUCATIONAL EXPERIENCES FOR VISITORS OF ALL AGES, INCLUDING FAMILIES, STUDENTS, LOCAL RESIDENTS, AND TOURISTS. FEATURED TOUR LOCATIONS INCLUDE THE LOG CABIN, WHICH HELPS ILLUSTRATE EARLY SETTLER LIFE AND THE CHALLENGES OF FRONTIER LIVING; THE ONE-ROOM SCHOOLHOUSE, WHICH DEMONSTRATES HISTORIC RURAL EDUCATION PRACTICES AND THE EXPERIENCE OF STUDENTS AND TEACHERS IN AN EARLIER ERA; THE ALEXANDER FARIBAULT HOUSE, WHICH HIGHLIGHTS THE LIFE, INFLUENCE, AND HISTORICAL SIGNIFICANCE OF ALEXANDER FARIBAULT AND HIS ROLE IN THE COMMUNITY'S DEVELOPMENT; AND THE AGRICULTURE AND INDUSTRIAL BUILDING, WHICH PRESENTS EXHIBITS AND INTERPRETATION RELATED TO THE AREA'S AGRICULTURAL HERITAGE, LOCAL INDUSTRY, TOOLS, EQUIPMENT, AND THE ECONOMIC ACTIVITIES THAT SHAPED THE REGION.THROUGH THESE PUBLIC TOURS, THE MUSEUM PRESERVES AND SHARES LOCAL HISTORY, PROVIDES HISTORICAL CONTEXT FOR THE COMMUNITY'S DEVELOPMENT, AND INCREASES PUBLIC UNDERSTANDING OF THE CULTURAL, EDUCATIONAL, AGRICULTURAL, AND INDUSTRIAL FOUNDATIONS OF THE AREA. TOURS ARE DESIGNED TO MAKE REGIONAL HISTORY ACCESSIBLE AND ENGAGING BY CONNECTING VISITORS DIRECTLY WITH HISTORIC STRUCTURES, ARTIFACTS, AND STORIES FROM THE PAST.

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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 $259,524

Program Service Revenue $45,543

Investment Income $9,572

Other Revenue $2,022

TOTAL REVENUE $316,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,977

Fundraising Expenses $23,995

Program Expenses $176,007

Other Expenses $130,268

TOTAL EXPENSES $250,245

Year-over-Year Comparison

	2025	2024	Change
Revenue	$316,661	$204,238	+0.6%
Expenses	$250,245	$190,463	+0.3%
Net Income	$66,416	$13,775	+3.8%

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

125

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
JOAN MILLER	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARIE TUMA	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DON HORA	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PAULINE SCHREIBER	SECRETARY	5.00	Officer Director	$0	$0	$0
STAN MORSE	TREASURER	5.00	Officer Director	$0	$0	$0
LISA KARSTEN	MORRISTOWN CHAPTER REP	2.00	Director	$0	$0	$0
MARK HEIMAN	NORTHFIELD CHAPTER REP	2.00	Director	$0	$0	$0
CORI WEEMS	FARIBAULT CHAPTER REP	2.00	Director	$0	$0	$0
GERRY HOISINGTON	RICE COUNTY COMMISSIONER REP	2.00	Director	$0	$0	$0
LILY BURROWS	YOUTH BOARD MEMBER	3.00	Director	$0	$0	$0
GARY MOGREN	BOARD MEMBER	3.00	Director	$0	$0	$0
RON PARKER	BOARD MEMBER	3.00	Director	$0	$0	$0
PAT CHAPPUIE	BOARD MEMBER	3.00	Director	$0	$0	$0
PAT O'CONNOR	BOARD MEMBER	3.00	Director	$0	$0	$0
LEROY ROCKMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
ELSIE SLINGER	BOARD MEMBER	3.00	Director	$0	$0	$0
SAM TEMPLE	BOARD MEMBER	3.00	Director	$0	$0	$0
CHANDLER APLING	BOARD MEMBER	3.00	Director	$0	$0	$0
CATHY OSTERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
WINNIE HUGHES	BOARD MEMBER	3.00	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	$316,661	$250,245	$1,005,532	$66,416
2024	No data	No data	No data	No data
2023	$237,627	$182,889	$856,120	$54,738
2022	$210,309	$162,829	$764,615	$47,480
2021	$184,367	$151,243	$775,817	$33,124
2020	$277,515	$141,576	$711,153	$135,939
2019	$231,144	$150,035	$549,647	$81,109
2018	$167,340	$144,233	$433,511	$23,107