Dorothy Molter Memorial Foundation

EIN: 411698884 501(c)(3) Arts, Culture & Humanities

Ely, MN

Total Revenue
$185,471
Total Expenses
$154,726
Total Assets
$163,841
Net Assets
$149,721
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
Jess Edberg
Phone
2183654451
Tax Period
2024-01-01 to 2024-12-31

Dorothy Molter Memorial Foundation, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $31K, a strong 17% operating margin.

Mission

The Dorothy Molter Museum preserves and interprets Northwoods wilderness heritave through learning opportunities inspired by Dorothy Molter, the last non-indigenous resident of the Boundary Waters Canoe Area Wilderness (BWCAW)

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,302
Program Service Revenue $36,419
Investment Income $3,436
Other Revenue $112,314
TOTAL REVENUE $185,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,312
Fundraising Expenses $0
Program Expenses $143,391
Other Expenses $48,414
TOTAL EXPENSES $154,726

Year-over-Year Comparison

2024 2023 Change
Revenue $185,471 $169,282 +0.1%
Expenses $154,726 $151,773 +0.0%
Net Income $30,745 $17,509 +0.8%
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

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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
9
Independent Members
9
Employees
6
Volunteers
25

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
4
$0
Total Directors
8
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Gorrilla Director 2.00
Director
$0 $0 $0
Pam Meskan Director 2.00
Director
$0 $0 $0
Gertrude Staubitz Director 2.00
Director
$0 $0 $0
Linda Wiedmann Director 2.00
Director
$0 $0 $0
Bobbi Zenner Treasurer 2.00
Director
$0 $0 $0
Nancy Outcalt Director 2.00
Director
$0 $0 $0
Pam Brunfelt Chair 2.00
Officer Director
$0 $0 $0
Sherry Abts Secretary 2.00
Officer Director
$0 $0 $0
Jess Edberg Executive Director 40.00
Officer Key Emp
$0 $0 $0
Alyssa Richards Vice Chair 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
2024 $185,471 $154,726 $163,841 $30,745
2023 $169,282 $151,773 $170,340 $17,509
2022 $117,301 $131,699 $153,549 $-14,398
2021 $151,398 $138,776 $200,329 $12,622
2021 $151,398 $138,776 $200,329 $12,622
2020 $124,470 $94,824 $179,279 $29,646
2019 $132,633 $129,266 $148,100 $3,367
2018 $126,561 $120,529 $140,045 $6,032
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