FARIBAULT COUNTY HISTORICAL SOCIETY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Phone

5075265421

Tax Period

2024-11-01 to 2025-10-31

FARIBAULT COUNTY HISTORICAL SOCIETY, founded in 1947, is a micro nonprofit that reported $99K in total revenue in fiscal year 2024. Revenue surged 768% from the prior year, signaling strong growth momentum. Expenses of $119K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PRESERVE, PROMOTE, AND EDUCATE CITIZENS ON THE HISTORY OF FARIBAULT COUNTY.

Program Service Accomplishments

Program 1

Expenses: $111,524 Revenue: $98,440

MAINTAIN HISTORIC BUILDINGS, EQUIPMENT, TOOLS, AND ALL OTHER RELATED ITEMS. PROVIDE SHOWS AND EDUCATIONAL OPPORTUNITIES TO ALL CITIZENS OF THE COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,840

Program Service Revenue $0

Investment Income $7,277

Other Revenue $78,692

TOTAL REVENUE $98,809

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $111,524

Other Expenses $116,788

TOTAL EXPENSES $118,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,809	$11,377	+7.7%
Expenses	$118,788	$4,144	+27.7%
Net Income	$-19,979	$7,233	-3.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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
SCOTT LEGRIED	Director	0.00	Director	$0	$0	$0
LIL ROBINSON	Director	5.00	Director	$0	$0	$0
GERTRUDE PASCHKE	Vice President	5.00	Officer Director	$0	$0	$0
MARILYN SCHAEFER	Secretary	5.00	Officer Director	$0	$0	$0
BARB BAKER	Director	5.00	Director	$0	$0	$0
PETER HENDRICKSON	Director	5.00	Director	$0	$0	$0
JEFF SCHAEFER	Director	5.00	Director	$0	$0	$0
TIM STEIER	Director	0.00	Director	$0	$0	$0
EDIE SMITH	President	5.00	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
2025	$98,809	$118,788	$1,083,844	$-19,979
2024	$64,497	$121,655	$1,103,823	$-57,158
2023	$71,089	$209,666	$1,160,981	$-138,577
2022	$195,794	$151,752	$1,299,558	$44,042
2021	$60,469	$88,230	$1,255,516	$-27,761
2020	$80,013	$51,856	$1,283,277	$28,157
2019	$62,706	$40,459	$1,255,120	$22,247