WATONWAN 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

1966

Legal Domicile

Principal Officer

BRUCE SCHULTZ

Phone

5076423247

Tax Period

2024-01-01 to 2024-12-31

WATONWAN COUNTY HISTORICAL SOCIETY, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $102K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 26% operating margin.

Mission

WATONWAN COUTY HISTORICAL SOCIETYS PRIMARY EXEMP PURPOSE IS TO SHARE HISTORY, ARTIFACTS, KNOWLEDGE AND MEMORIES AND TO PRESERVE THEM FOR MANY YEARS TO COME.

Program Service Accomplishments

Program 1

Expenses: $66,617

WATONWAN COUNTY HISTORICAL SOCIETYS WCHS PURPOSE IS TO EDUCATE ANYONE WILLING TO LEARN THE HISTORY OF WATONWAN COUNTY. WCHS DIRECTLY EDUCATED NEARLY 990 GRADE SCHOOL STUDENTS THIS PAST YEAR THROUGH TOURS AND LECTURES. WCHS ALSO EDUCATES ADULTS BY WAY OF AN EDUCATIONAL SPEAKER AT THEIR ANNUAL MEETINGS AND THROUGH TOURS. THE TOURS INCLUDE NOT ONLY WATONWAN COUNTY RESIDENTS, BUT RESIDENTS FROM NEIGHBORING COUNTIES AS WELL. WCHS HAD NEARLY 990 VISITORS DURING THE YEAR.

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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 $86,523

Program Service Revenue $0

Investment Income $22,453

Other Revenue $-7,236

TOTAL REVENUE $101,740

Expense Breakdown

Grants Paid $2,930

Salaries & Benefits $23,771

Fundraising Expenses $0

Program Expenses $66,617

Other Expenses $48,602

TOTAL EXPENSES $75,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,740	$458,130	-0.8%
Expenses	$75,303	$66,238	+0.1%
Net Income	$26,437	$391,892	-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
TERESE HALL	DIRECTOR	000.25	Director	$0	$0	$0
MARTHA ENG	DIRECTOR	000.25	Director	$0	$0	$0
JAMES NASMAN	DIRECTOR	000.25	Director	$0	$0	$0
RANDY GUSTAFSON	DIRECTOR	000.25	Director	$0	$0	$0
ROD WINTERS	DIRECTOR	000.25	Director	$0	$0	$0
LINDA BULLER	DIRECTOR	000.25	Director	$0	$0	$0
DARRELL ASK	DIRECTOR	000.25	Director	$0	$0	$0
SUSAN ANDERSON	DIRECTOR	000.25	Director	$0	$0	$0
RICHARD CARLSON	DIRECTOR	000.25	Director	$0	$0	$0
KEVIN BYRO	DIRECTOR	000.25	Director	$0	$0	$0
BRUCE SCHULTZ	PRESIDENT	000.25	Officer	$0	$0	$0
KENNETH LEWIS	VICE PRESIDENT	000.25	Officer	$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
2025	No data	No data	No data	No data
2024	$101,740	$75,303	$1,001,173	$26,437
2023	$458,130	$66,238	$974,680	$391,892
2022	$90,384	$66,871	$585,932	$23,513
2021	$82,798	$66,989	$562,431	$15,809
2020	$62,334	$65,873	$546,779	$-3,539
2019	$61,941	$68,387	$550,354	$-6,446
2018	$188,448	$66,639	$559,230	$121,809