LAC QUI PARLE CO HISTORICAL SOCIETY

EIN: 416084181 501(c)(3)

MADISON, MN

Total Revenue
$82,239
Total Expenses
$109,215
Total Assets
$881,739
Net Assets
$881,739
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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
1962
Legal Domicile
MN
Principal Officer
KAREN TILBURY
Phone
3205983535
Tax Period
2024-10-01 to 2025-09-30

LAC QUI PARLE CO HISTORICAL SOCIETY, founded in 1962, is a micro nonprofit that reported $82K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 33% operating deficit.

Mission

PRESERVATION OF HISTORY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $65,235
Program Service Revenue $1,556
Investment Income $12,368
Other Revenue $3,080
TOTAL REVENUE $82,239

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,429
Fundraising Expenses $0
Program Expenses $109,215
Other Expenses $55,786
TOTAL EXPENSES $109,215

Year-over-Year Comparison

2024 2023 Change
Revenue $82,239 $148,612 -0.4%
Expenses $109,215 $114,067 0.0%
Net Income $-26,976 $34,545 -1.8%
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

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
15

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE GERBER DIRECTOR 0.00
Director
$0 $0 $0
DIANE WILDUNG DIRECTOR 0.00
Director
$0 $0 $0
TERRI LEESEBERG DIRECTOR 0.00
Director
$0 $0 $0
BECKY SHELSTAD DIRECTOR 0.00
Director
$0 $0 $0
LEE ULSTAD DIRECTOR 0.00
Director
$0 $0 $0
GREG THOLE DIRECTOR 0.00
Director
$0 $0 $0
TIMOTHY HALVORSON TREASURER 5.00
Officer
$0 $0 $0
KAREN TILBURY PRESIDENT 5.00
Officer
$0 $0 $0
LOREN FEMRITE VICE PRESIDENT 5.00
Officer
$0 $0 $0
JOYCE MEYER SECRETARY 5.00
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 $82,239 $109,215 $881,739 $-26,976
2024 $148,612 $114,067 $926,452 $34,545
2023 $99,901 $123,916 $651,310 $-24,015
2022 $108,458 $115,417 $675,876 $-6,959
2021 $68,525 $102,936 $671,224 $-34,411
2020 $61,345 $100,077 $690,267 $-38,732
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