DANISH MILL CORPORATION

EIN: 421084811 501(c)(3)

ELK HORN, IA

Total Revenue
$298,720
Total Expenses
$393,546
Total Assets
$1,051,477
Net Assets
$1,007,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IA
Principal Officer
SHAUN SAYRES
Phone
7127647472
Tax Period
2023-01-01 to 2023-12-31

DANISH MILL CORPORATION, founded in 1975, is a small nonprofit that reported $299K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $394K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE DANISH WINDMILL SERVES TO BRIDGE THE PAST AND PRESENT, PROVIDING A LIVING HISTORY EXPERIENCE THAT EXEMPLIFIES HOW DANISH-AMERICAN CULTURAL HERTIAGE, SCANDINAVIAN TRADITIONS, AND THE INNOVATIONS IN RENEWABLE ENERGY CAN BUILD A BETTER TOMORROW THROUGH PRESERVATION, EDUCATION, AND CELEBRATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $161,621
Program Service Revenue $0
Investment Income $6,408
Other Revenue $130,691
TOTAL REVENUE $298,720

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,461
Fundraising Expenses $0
Program Expenses $267,230
Other Expenses $277,085
TOTAL EXPENSES $393,546

Year-over-Year Comparison

2023 2022 Change
Revenue $298,720 $319,313 -0.1%
Expenses $393,546 $298,371 +0.3%
Net Income $-94,826 $20,942 -5.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
6
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
5
$45,969
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER FREDERICKSEN PRESIDENT 2.00
Officer Director
$0 $0 $0
TONY PETERSEN VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JONI GRIFFIN TREASURER 2.00
Officer Director
$0 $0 $0
BRANDON BAGGETT SECRETARY 2.00
Officer Director
$0 $0 $0
ANDY ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
CHAD JUELSGAARD DIRECTOR 2.00
Director
$0 $0 $0
BRUCE POLDBERG DIRECTOR 2.00
Director
$0 $0 $0
SHAUN SAYRES MANAGER 40.00
Officer
$45,969 $0 $45,969
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 No data No data No data No data
2023 $298,720 $393,546 $1,051,477 $-94,826
2022 $319,313 $298,371 $1,143,457 $20,942
2021 $284,964 $264,613 $1,210,823 $20,351
2020 $256,805 $239,760 $1,157,868 $17,045
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