EMMET 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

1964

Legal Domicile

Principal Officer

ROY GAGE

Tax Period

2024-11-01 to 2025-10-31

EMMET COUNTY HISTORICAL SOCIETY, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 33% operating margin.

Mission

OUR MISSION IS TO PRESERVE AND MAINTAIN ITEMS GIVEN TO THE EMMET COUNTY HISTORICAL SOCIETY BY THE CITIZENS OF EMMET COUNTY. TO PROVIDE A PLACE THAT THE ITEMS CAN BE VIEWED AND STUDIED BY THIS GENERATION AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $69,015

EXPENSES TO MAINTAIN THE BUILDINGS AND EQUIPMENT ALONG WITH MOWING AND SNOW REMOVAL

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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 $71,336

Program Service Revenue $0

Investment Income $31,442

Other Revenue $0

TOTAL REVENUE $102,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,015

Other Expenses $69,015

TOTAL EXPENSES $69,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,778	$85,978	+0.2%
Expenses	$69,015	$54,100	+0.3%
Net Income	$33,763	$31,878	+0.1%

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

N/A

Employees

N/A

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
MILDRED BRYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK TOSTENSON	BOARD MEMBER	20.00	Director	$0	$0	$0
MARY GRAY	ADVISORY BOARD	1.00	Director	$0	$0	$0
JAN GREIG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE ERICKSON	BOARD MEMBER	10.00	Director	$0	$0	$0
DON WEST	ADVISORY BOARD	10.00	Director	$0	$0	$0
MIKE KRUSE	BOARD MEMBER	20.00	Director	$0	$0	$0
DON VALEN	Vice President	2.00	Officer	$0	$0	$0
ROY GAGE	President	20.00	Officer	$0	$0	$0
SUE TOSTENSON	Treasurer	10.00	Officer	$0	$0	$0
BRITTNEY KROENKE	Secretary	10.00	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	$102,778	$69,015	$823,370	$33,763
2024	$85,978	$54,100	$788,298	$31,878
2023	$92,683	$30,047	$696,093	$62,636
2022	$456,706	$13,913	$662,044	$442,793