ARCOLA MILLS HISTORIC FOUNDATION

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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

1992

Legal Domicile

Principal Officer

JILL GREENHALGH

Phone

6514391652

Tax Period

2023-01-01 to 2023-12-31

ARCOLA MILLS HISTORIC FOUNDATION, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $112K in total revenue in fiscal year 2023. Revenue surged 248% from the prior year, signaling strong growth momentum. Expenses of $146K exceeded revenue, resulting in a 31% operating deficit.

Mission

ARCOLA MILLS PRESERVES A NATURAL AND HISTORIC TREASURE ON THE ST. CROIX RIVER; WE OFFER AN EDUCATION AND RETREAT CENTER WITH PROGRAMS IN THE ARTS, HISTORY, THE ENVIRONMENT, AND A PLACE FOR RENEWAL OF THE HUMAN SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $117,058

ARCOLA MILLS OFFERED QUALITY EDUCATION AND INVOLVEMENT OPPORTUNITIES FOR THE COMMUNITY. THE ORGANIZATION OFFERED PROGRAMS IN HISTORY, ENVIRONMENT, PRESERVATION, STEWARDSHIPS, THE RIVER AND ARTS. PLUS THE ORGANIZATION OPENED THE HOUSE FOR COMMUNITY, EVENTS AND FAMILY OCCASIONS.THE VISITOR CENTER WAS OPEN FOR THE FOLLOWING PROGRAMS:1)TOURING OF HOUSE WITH HISTORY2)EDUCATIONAL TOURS- TOPIC ENVIRONMENT AND NATURE3)USE OF HOUSE FOR NON PROFITS MEETINGS4)PARTNERED WITH UNIVERSITY OF WISCONSIN AND UNIVERSITY OF MINNESOTA5)COMMUNITY RENTAL

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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 $112,044

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $112,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,317

Program Expenses $117,058

Other Expenses $146,325

TOTAL EXPENSES $146,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,057	$32,158	+2.5%
Expenses	$146,325	$65,164	+1.2%
Net Income	$-34,268	$-33,006	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERRY DOMKE	DIRECTOR	2.00	Director	$0	$0	$0
JILL GREENHALGH	CHAIR	2.00	Officer Director	$0	$0	$0
ALEXA EICKSCHEN	DIRECTOR	2.00	Director	$0	$0	$0
REESE GLASER	VICE CHAIR	2.00	Director	$0	$0	$0
ROLF DITTMANN	DIRECTOR	2.00	Officer Director	$0	$0	$0
SCOTT EICKSHEN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE MOWER	TREASURER	2.00	Officer Director	$0	$0	$0
YVETTE OLDENDORF	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
RAYMOND MARSHALL	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
KERRI KOLSTAD	SECRETARY	2.00	Officer Director	$0	$0	$0
FITZIE HEIMDAHL	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$112,057	$146,325	$1,408,316	$-34,268
2022	$32,158	$65,164	$1,442,584	$-33,006
2021	$37,969	$72,417	$1,475,589	$-34,448
2020	$22,728	$71,313	$1,510,037	$-48,585
2019	$48,505	$60,316	$1,558,622	$-11,811
2018	$19,928	$58,904	$1,570,433	$-38,976