Nobles County Historical Society

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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

1936

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Nobles County Historical Society, founded in 1936, is a small nonprofit that reported $532K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $303K, a strong 57% operating margin.

Mission

To collect, preserve and interpret items of historical significance in Nobles County, Minnesota. To use those artifacts for educational purposes.

Program Service Accomplishments

Program 1

Expenses: $100,573 Revenue: $91,439

Maintain and preserve pioneer village and other historical artifacts related to Nobles County, 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 $440,408

Program Service Revenue $74,122

Investment Income $3,554

Other Revenue $13,763

TOTAL REVENUE $531,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,972

Fundraising Expenses $0

Program Expenses $100,573

Other Expenses $162,632

TOTAL EXPENSES $228,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,847	$596,059	-0.1%
Expenses	$228,604	$366,410	-0.4%
Net Income	$303,243	$229,649	+0.3%

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

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	Role	Reportable Comp	Other Comp	Total
Shari Nelson	Director	Director	$0	$0	$0
Jerry Fiola	Director	Director	$0	$0	$0
Mike Vosburgh	Director	Director	$0	$0	$0
Naomi Hill	Director	Director	$0	$0	$0
Justin Ahlers	Director	Director	$0	$0	$0
Art Frame	President	Officer Director	$0	$0	$0
Ryan Kruger	Secretary	Officer Director	$0	$0	$0
Jay Milbrandt	Vice President	Officer Director	$0	$0	$0
Patrick Demuth	Treasurer	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$531,847	$228,604	$4,490,220	$303,243
2022	$596,059	$366,410	$4,207,522	$229,649
2021	$1,354,745	$178,400	$3,977,873	$1,176,345
2020	$538,773	$106,179	$2,785,319	$432,594
2019	$1,205,785	$67,156	$2,352,066	$1,138,629
2018	$1,213,867	$65,139	$1,208,292	$1,148,728