Dubuque County Historical Society

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

Kurt Strand

Phone

5635579545

Tax Period

2023-01-01 to 2023-12-31

Dubuque County Historical Society, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.1M in total revenue in fiscal year 2023. Expenses of $8.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

To inspire stewardship by creating educational experiences where history and rivers come alive.

Program Service Accomplishments

Program 1

Expenses: $7,798,276 Revenue: $3,602,131

The Dubuque County Historical Society is comprised of the National Mississippi River Museum & Aquarium, which includes the William M. Black dredge steamboat (a National Landmark), National Rivers...

The Dubuque County Historical Society is comprised of the National Mississippi River Museum & Aquarium, which includes the William M. Black dredge steamboat (a National Landmark), National Rivers Hall of Fame, RiverWorks Discovery, and other historic buildings and vessels on its 14-acre campus; and the Mathias Ham Historic Site, which includes Mathias Ham's Italianate villa, Iowa's oldest building, and other historic and recreated structures on the two-acre site. Museum operations and collections - The Museum is open 363 days of the year and served 198,004 onsite guests in 2023. The operations included inspiring stewardship by creating educational experiences where history and rivers come alive! Continued on Schedule O.The collection consists of 2,240 animals of 242 species in our living collection and 21,665 artifacts/objects in our historical collection. We also have 4,400 linear feet of archival material and 8,500 books in our research library. Many of the collections are on display in the 3 buildings on both sites, including the library which serves as a research site.Museum education - The Museum provided special programming for 9,564 student groups, 9,935 adult groups and 15,365 people off-site in 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,523,584

Program Service Revenue $3,218,943

Investment Income $373,815

Other Revenue $953,766

TOTAL REVENUE $7,070,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,803,847

Fundraising Expenses $264,017

Program Expenses $7,798,276

Other Expenses $5,089,303

TOTAL EXPENSES $8,893,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,070,108	$6,756,279	+0.0%
Expenses	$8,893,150	$7,953,188	+0.1%
Net Income	$-1,823,042	$-1,196,909	+0.5%

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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

214

Volunteers

128

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

$364,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Woodward	Chair	2.00	Officer Director	$0	$0	$0
Jim Gantz	Vice Chair	2.00	Officer Director	$0	$0	$0
Francis A Murray	Secretary	2.00	Officer Director	$0	$0	$0
Sarah Hasken	Treasurer	2.00	Officer Director	$0	$0	$0
Lori Thielen	Director	2.00	Director	$0	$0	$0
Carol Bitter	Director	2.00	Director	$0	$0	$0
Mark Dickson	Director	2.00	Director	$0	$0	$0
Alex Dixon	Director	2.00	Director	$0	$0	$0
Ernestine Moss	Director	2.00	Director	$0	$0	$0
Chuck Schrup	Director	2.00	Director	$0	$0	$0
Dean Wilgenbusch	Director	2.00	Director	$0	$0	$0
Gina Blasen	Director	2.00	Director	$0	$0	$0
Tim Butler	Director	2.00	Director	$0	$0	$0
Ken Furst	Director	2.00	Director	$0	$0	$0
Teri Goodmann	Director	2.00	Director	$0	$0	$0
Wendy Knight	Director	2.00	Director	$0	$0	$0
John M Bickel	Director	2.00	Director	$0	$0	$0
Poppy Conlon	Director	2.00	Director	$0	$0	$0
Chad Wolbers	Director	2.00	Director	$0	$0	$0
Tyson Leyendecker	Director	2.00	Director	$0	$0	$0
Amy Hawkins	Director	2.00	Director	$0	$0	$0
Jeff Mozena	Director	2.00	Director	$0	$0	$0
Kurt Strand	CEO	40.00	Officer	$255,899	$19,018	$274,917
Thomas Lange	VP of Finance & Operations	40.00	Officer	$79,181	$10,558	$89,739

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	No data	No data	No data	No data
2023	$7,070,108	$8,893,150	$38,357,853	$-1,823,042
2022	$6,756,279	$7,953,188	$40,316,100	$-1,196,909
2021	$9,721,079	$6,881,100	$42,203,208	$2,839,979
2020	$6,128,541	$6,433,731	$40,595,055	$-305,190
2019	$5,133,490	$6,914,640	$39,792,750	$-1,781,150
2018	$4,977,257	$6,923,090	$40,473,346	$-1,945,833