Steele County Historical Society (EIN 416048581) - 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

1964

Legal Domicile

Phone

5074511420

Tax Period

2024-01-01 to 2024-12-31

Steele County Historical Society, founded in 1964, is a small nonprofit that reported $395K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $479K exceeded revenue, resulting in a 21% operating deficit.

Mission

Our mission is to preserve artifacts and interpret the history of the land, peoples and events of Steele County, relating them to the history of the state and nation, and making these records and materials available to all who wish to study and examine them.

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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 $280,909

Program Service Revenue $18,808

Investment Income $65,463

Other Revenue $29,512

TOTAL REVENUE $394,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,612

Fundraising Expenses $14,097

Program Expenses $387,480

Other Expenses $284,821

TOTAL EXPENSES $479,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,692	$452,819	-0.1%
Expenses	$479,433	$401,164	+0.2%
Net Income	$-84,741	$51,655	-2.6%

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

100

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

$5,837

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Thiele	Executive Director	40.00		$58,937	$0	$58,937
Jerry Ganfield	Director	3.00	Director	$5,837	$0	$5,837
Dave Effertz	Vice President	1.00	Officer Director	$0	$0	$0
Janis Lueth	Director	1.00	Director	$0	$0	$0
Tom Bonacci	Director	1.00	Director	$0	$0	$0
Elizabeth Anselmo	Director	1.00	Director	$0	$0	$0
Nancy Vaillancourt	Director	1.00	Director	$0	$0	$0
Alexandra McGuire	Director	1.00	Director	$0	$0	$0
Keith Holman	Director	1.00	Director	$0	$0	$0
Patty Jessop	President	1.00	Officer Director	$0	$0	$0
Andy McGuire	Director	1.00	Director	$0	$0	$0
Chris Fiske	Treasurer	1.00	Officer Director	$0	$0	$0
Samona Grubish	Secretary	1.00	Officer Director	$0	$0	$0
Jane Middlestadt	Director	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	$394,692	$479,433	$4,216,388	$-84,741
2023	$452,819	$401,164	$4,196,219	$51,655
2022	$568,772	$453,880	$4,024,835	$114,892
2021	$616,829	$455,526	$4,132,629	$161,303
2020	$492,944	$416,502	$3,911,680	$76,442
2019	$464,077	$458,779	$3,728,265	$5,298
2018	$448,027	$547,129	$3,616,558	$-99,102

Steele County Historical Society