COOK COUNTY HISTORICAL SOCIETY (EIN 416038622) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

MARGARET HEDSTROM

Phone

2183872883

Tax Period

2024-11-01 to 2025-10-31

COOK COUNTY HISTORICAL SOCIETY, founded in 1924, is a small nonprofit in the Arts, Culture & Humanities sector that reported $304K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $1.9M represent 74 months of operating reserves.

Mission

THE MISSION IS TO COLLECT, PRESERVE, AND DISSEMINATE KNOWLEDGE ABOUT THE HISTORY OF COOK COUNTY AND TO RELATE IT TO THE HISTORY OF THE STATE OF MINNESOTA, THE ORGANIZATION OPERATES FIVE HISTORICAL SITES THAT ARE FREE TO THE PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $114,083

Program Service Revenue $65,571

Investment Income $120,830

Other Revenue $3,411

TOTAL REVENUE $303,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,407

Fundraising Expenses $0

Program Expenses $287,392

Other Expenses $167,137

TOTAL EXPENSES $320,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,895	$262,496	+0.2%
Expenses	$320,544	$401,910	-0.2%
Net Income	$-16,649	$-139,414	-0.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRON BURSHEIM	EX OFFICIO	1.00	Officer Director	$0	$0	$0
TERESA BRAGG	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN SULLIVAN	EX OFFICIO	1.00	Officer Director	$0	$0	$0
EDWARD HEDSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE SPRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARGARET HEDSTROM	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE SANDE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE BRATAAS	BOARD MEMBER	1.00	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	$303,895	$320,544	$1,883,117	$-16,649
2024	$262,496	$401,910	$1,897,703	$-139,414
2023	$922,956	$283,365	$2,039,769	$639,591
2022	$219,552	$273,234	$1,393,316	$-53,682
2021	$315,887	$335,830	$1,574,969	$-19,943
2020	$222,401	$245,458	$1,631,428	$-23,057
2019	$242,798	$264,916	$1,656,836	$-22,118
2018	$201,071	$249,828	$1,668,166	$-48,757

COOK COUNTY HISTORICAL SOCIETY