CARVER 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

1940

Legal Domicile

Principal Officer

MARK WILLEMS

Phone

9524424234

Tax Period

2023-01-01 to 2023-12-31

CARVER COUNTY HISTORICAL SOCIETY, founded in 1940, is a small nonprofit in the Arts, Culture & Humanities sector that reported $447K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $398K left a modest 11% surplus.

Mission

TO COLLECT, PRESERVE AND INTERPRET THE HISTORY OF CARVER COUNTY. TO PRESERVE AND INTERPRET THE ANDREW PETERSON FARM THROUGH THE LENS OF MINNESOTA'S RICH IMMIGRANT AND AGRICULTURAL HISTORY.

Program Service Accomplishments

Program 1

Expenses: $261,909

MUSEUM EXHIBITS WERE VISITED BY APPROXIMATELY 10,000 PEOPLE. SEVERAL THOUSAND ALSO VISITED THE WEBSITE.

Program 2

Expenses: $174

PUBLIC RESEARCH LIBRARY SERVING PEOPLE THROUGH OUT CARVER COUNTY.

Program 3

Expenses: $1,285

INFORMATIONAL PROGRAMS USED TO EDUCATE STUDENTS AND ADULTS.

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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 $421,491

Program Service Revenue $3,405

Investment Income $21,385

Other Revenue $926

TOTAL REVENUE $447,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,039

Fundraising Expenses $2,285

Program Expenses $263,368

Other Expenses $114,266

TOTAL EXPENSES $398,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,207	$930,276	-0.5%
Expenses	$398,305	$358,769	+0.1%
Net Income	$48,902	$571,507	-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

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
LIN DEARDORFF	PRESIDENT	1.00	Director	$0	$0	$0
MARTA BECKETT	SECRETARY	1.00	Director	$0	$0	$0
MIKE COLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN LUND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WILLEMS	VICE PRESIDENT	1.00	Director	$0	$0	$0
PATTI DIETZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LAVIN	TREASURER	1.00	Director	$0	$0	$0
MATTHEW MCDOUGALL	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN HILGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS LARKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYCE JOHNSON	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
2024	No data	No data	No data	No data
2023	$447,207	$398,305	$1,828,541	$48,902
2022	$930,276	$358,769	$1,769,147	$571,507
2021	$474,817	$296,326	$1,235,143	$178,491
2020	$432,845	$325,337	$906,798	$107,508
2019	$375,205	$397,027	$785,606	$-21,822
2018	$402,743	$353,931	$780,141	$48,812