WADENA COUNTY HISTORICAL SOCIETY

EIN: 411675012 501(c)(3) Arts, Culture & Humanities

Wadena, MN

Total Revenue
$151,991
Total Expenses
$72,734
Total Assets
$593,902
Net Assets
$591,228
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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
1948
Legal Domicile
MN
Principal Officer
Jeb Willis
Phone
2186319079
Tax Period
2025-01-01 to 2025-12-31

WADENA COUNTY HISTORICAL SOCIETY, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $152K in total revenue in fiscal year 2025. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 52% operating margin.

Mission

Historical Society

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $146,308
Program Service Revenue $0
Investment Income $5,673
Other Revenue $10
TOTAL REVENUE $151,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,608
Fundraising Expenses $0
Other Expenses $43,126
TOTAL EXPENSES $72,734

Year-over-Year Comparison

2025 2024 Change
Revenue $151,991 $98,368 +0.5%
Expenses $72,734 $56,790 +0.3%
Net Income $79,257 $41,578 +0.9%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
2
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeb Willis EXECUTIVE DIRECTOR 20.00
Officer
$0 $0 $0
Nedra Bertram Manager 30.00
Highest
$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 $151,991 $72,734 $593,902 $79,257
2024 $98,368 $56,790 $502,896 $41,578
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