Nobles County Historical Society

EIN: 416029584 501(c)(3)

Worthington, MN

Total Revenue
$531,847
Total Expenses
$228,604
Total Assets
$4,490,220
Net Assets
$4,490,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
MN
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.

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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 (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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Governance

Voting Members
9
Independent Members
9
Employees
5
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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shari Nelson Director 0.00
Director
$0 $0 $0
Jerry Fiola Director 0.00
Director
$0 $0 $0
Mike Vosburgh Director 0.00
Director
$0 $0 $0
Naomi Hill Director 0.00
Director
$0 $0 $0
Justin Ahlers Director 0.00
Director
$0 $0 $0
Art Frame President 0.00
Officer Director
$0 $0 $0
Ryan Kruger Secretary 0.00
Officer Director
$0 $0 $0
Jay Milbrandt Vice President 0.00
Officer Director
$0 $0 $0
Patrick Demuth Treasurer 0.00
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
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
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