MIDWEST OLD SETTLERS & THRESHERS

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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

1950

Legal Domicile

Principal Officer

TERRY MCWILLIAMS

Phone

3193858937

Tax Period

2024-01-01 to 2024-12-31

MIDWEST OLD SETTLERS & THRESHERS, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $541K, a strong 18% operating margin.

Mission

THE MISSION OF THE MIDWEST OLD SETTLERS & THRESHERS ASSOCIATION IS TO PRESERVE OUR AGRICULTURAL HERITAGE THROUGH EDUCATION AND ENTERTAINMENT.

Program Service Accomplishments

Program 1

Expenses: $2,046,097 Revenue: $1,932,107

THE ADMINISTRATION OF YEAR ROUND, AS WELL AS SEASONAL, EDUCATION EVENTS THROUGH MUSEUM TOURS AND ENTERTAINMENT EVENTS AND EVENTS OF WHICH THE LARGEST IS THE ANNUAL OLD THRESHERS REUNION. THE REUNION IS ONE OF THE LARGEST AGRICULTURAL SHOWS OF ITS KIND WITH STEAM ENGINES, ANTIQUE TRACTORS, CARS AND TRUCKS, GAS ENGINES, HORSES, WORKING DEMONSTRATIONS, STEAM TRAINS AND ELECTRIC TROLLEYS. EDUCATIONAL COMPONENT OFFERS MUSEUM TOURS AND SCHOOL TOUR PROGRAM FOR CHILDREN (3-5 GRADES) AND ENTERTAINMENT EVENTS OFFER SEASONAL ATTRACTIONS FOR HALLOWEEN AND CHRISTMAS LIGHTS.

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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 $968,591

Program Service Revenue $1,932,333

Investment Income $32,334

Other Revenue $59,871

TOTAL REVENUE $2,993,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $504,746

Fundraising Expenses $132,002

Program Expenses $2,046,097

Other Expenses $1,947,806

TOTAL EXPENSES $2,452,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,993,129	$2,693,921	+0.1%
Expenses	$2,452,552	$2,248,694	+0.1%
Net Income	$540,577	$445,227	+0.2%

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

1364

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

$140,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MCWILLIAMS	EXECUTIVE DI	40.00	Officer	$128,091	$12,809	$140,900
PAUL BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
ALAN BUCKERT	TREASURER	4.00	Officer Director	$0	$0	$0
BOB GERDES	PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRIS HEATON	SECRETARY	4.00	Officer Director	$0	$0	$0
MADISON HOBBS	DIRECTOR	2.00	Director	$0	$0	$0
MELINDA HUISINGA	DIRECTOR	2.00	Director	$0	$0	$0
PHIL MCMEINS	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
ROBERT MYERS	DIRECTOR	2.00	Director	$0	$0	$0
RALPH OLIVER	DIRECTOR	2.00	Director	$0	$0	$0
RICH SEBERG	DIRECTOR	2.00	Director	$0	$0	$0
CARL THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WELANDER	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$2,993,129	$2,452,552	$6,595,699	$540,577
2023	$2,693,921	$2,248,694	$6,154,970	$445,227
2022	$2,098,531	$2,136,365	$5,856,814	$-37,834
2021	$3,761,020	$1,706,029	$5,724,252	$2,054,991
2020	$916,617	$1,038,505	$4,235,518	$-121,888
2019	$2,377,008	$1,749,907	$4,146,881	$627,101
2018	$1,803,443	$1,746,836	$3,477,104	$56,607