TOWER-SOUDAN HISTORICAL SOCIETY (EIN 411641547) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

DIANE MEEHAN

Phone

2187535021

Tax Period

2023-01-01 to 2023-12-31

TOWER-SOUDAN HISTORICAL SOCIETY, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $469K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $543K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO COLLECT, PRESERVE, AND DISSEMINATE KNOWLEDGE ABOUT THE HISTORY OF THE TOWER-SOUDAN AREA AND THE STATE OF MINNESOTA

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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 $448,942

Program Service Revenue $0

Investment Income $671

Other Revenue $19,144

TOTAL REVENUE $468,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,816

Program Expenses $529,342

Other Expenses $543,446

TOTAL EXPENSES $543,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$468,757	$339,131	+0.4%
Expenses	$543,446	$180,755	+2.0%
Net Income	$-74,689	$158,376	-1.5%

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

N/A

Volunteers

100

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
LEON ANDERSON	DIRECTOR	N/A	Director	$0	$0	$0
COOKIE BONICATTO	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD HANSON	DIRECTOR	N/A	Director	$0	$0	$0
LINDA HAUGEN	DIRECTOR	N/A	Director	$0	$0	$0
CLIFF KOSKI	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MAJERLE	DIRECTOR	N/A	Director	$0	$0	$0
DICK PEYLA	DIRECTOR	N/A	Director	$0	$0	$0
KATHY SISKAR	DIRECTOR	N/A	Director	$0	$0	$0
JAYNE SUNDEEN	DIRECTOR	N/A	Director	$0	$0	$0
DIANNA SUNSDAHL	DIRECTOR	N/A	Director	$0	$0	$0
DOUG WORKMAN	DIRECTOR	N/A	Director	$0	$0	$0
NANCY LARSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
LINDA FOLSTAD	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
LOUISE GATELY	SECRETARY	N/A	Officer Director	$0	$0	$0
DIANE MEEHAN	TREASURER	N/A	Officer 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
2024	No data	No data	No data	No data
2023	$468,757	$543,446	$156,602	$-74,689
2022	$339,131	$180,755	$231,291	$158,376

TOWER-SOUDAN HISTORICAL SOCIETY