WATKINS MILL ASSOCIATION INC

EIN: 436052704 501(c)(3)

Excelsior Springs, MO

Total Revenue
$40,711
Total Expenses
$162,756
Total Assets
$441,408
Net Assets
$440,906
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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
MO
Principal Officer
David Ross
Phone
8165803387
Tax Period
2024-01-01 to 2024-12-31

WATKINS MILL ASSOCIATION INC, founded in 1958, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $163K exceeded revenue, resulting in a 300% operating deficit.

Mission

Founded in 1958, the Watkins Mill Association is true to its Mission: Proactively support the preservation and living history of Watkins Woolen Mill Historic Site.

Program Service Accomplishments

Program 1
Expenses: $116,648 Revenue: $2,465

Watkins Mill Association (WMA) proactively supports the preservation and living history of Watkins Woolen Mill State Historic Site. Watkins Mill is the last textile mill in the United States with its...

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Watkins Mill Association (WMA) proactively supports the preservation and living history of Watkins Woolen Mill State Historic Site. Watkins Mill is the last textile mill in the United States with its original machinery still intact. The Association promoted the Mill to be recognized by the United States Department of Interior as a National Historical Landmark (1966, 2024), the National Register of Historic Places (1966), a Clay County Historic Landmark (1976), and a National Mechanical Engineering Landmark (1980). WMA turned the Historic Site into a destination, restoring Watkins' Home, Mill, Chapel, one-room Schoolhouse and farm buildings. It worked. Watkins Mill is now the region's premier historic attraction. WMA is still emerging from COVID-19's effects, which clearly presented challenges. Watkins Mill was one of four State Parks completely closed in 2020. Volunteers, the basis for successful operations, were deprived of the work they love, as Park and Historic Site access and events were necessarily cancelled. The Association met these challenges head-on, have resumed popular group activities, and are now rebuilding our base of Volunteer Tour Guides: Financially, we fought a good fight, maintaining strong relationships with Foundations and individual donors. Board Members universally contribute to WMA; Leveraging Phase II funding for major Historic Site Restorations, which WMA secured, we partnered with Missouri Department of Natural Resources to complete Phase II of the ten-year plan; During 2024 Watkins Mill continued bouncing back from COVID-19, attracting 12,719 Historic Site Visitors and 325,621 total Park Visitors; We are pleased many Volunteers are returning, allowing us to successfully host the weekly Heirloom Garden visits, Spring on the Farm, Get Outdoors 6K Run, and Living History weekends. They are bringing Historic Site Tours and Living History activities back to life; Our biggest challenge is to recruit and train Volunteer Tour Guides to meet Student and growing Visitor demands. Volunteer Tour Guides, who aged out during COVID, are essential to replace Park Staff previously cut from State budgets. WMA is proceeding with determination to reestablish Watkins Mill as the region's premier historic attraction. In partnership with Missouri State Parks, the Association cultivates an 1870s non-traditional community venue which encourages historic, educational, cultural, and recreational programs. Visiting the Historic Site is like stepping into the 19th Century. Many of the buildings that Waltus Watkins built over half a century - including the family home and three-story woolen mill - are preserved to provide Visitors a sense of 1870s life. College professors and K-12 teachers often include Watkins Mill in curricula for its historical importance featuring entrepreneurs in frontier life, the Industrial Revolution and Civil War.

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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 $31,734
Program Service Revenue $0
Investment Income $10,648
Other Revenue $-1,671
TOTAL REVENUE $40,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,594
Program Expenses $116,648
Other Expenses $162,756
TOTAL EXPENSES $162,756

Year-over-Year Comparison

2024 2023 Change
Revenue $40,711 $36,742 +0.1%
Expenses $162,756 $38,301 +3.2%
Net Income $-122,045 $-1,559 +77.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
N/A
Volunteers
72

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
3
$0
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David P Ross President 0.50
Officer Director
$0 $0 $0
Stacey Winkelbauer Vice President and Secretary 0.5
Officer Director
$0 $0 $0
Bob Wright Treasurer 0.5
Officer Director
$0 $0 $0
David Blyth Board Member 0.5
Director
$0 $0 $0
Gary Boyer Board Member 0.5
Director
$0 $0 $0
Margo Boyer Board Member 0.5
Director
$0 $0 $0
Ann Case Board Member 0.5
Director
$0 $0 $0
Carol Crouch Board Member 0.5
Director
$0 $0 $0
Keith Doss Board Member 0.5
Director
$0 $0 $0
Doug Ervin Board Member 0.5
Director
$0 $0 $0
Meridith Klamm Board Member 0.5
Director
$0 $0 $0
Dr Chana Kotzin Board Memeber 0.5
Director
$0 $0 $0
Dr Daniel Kotzin Board Member 0.50
Director
$0 $0 $0
Chad Means Board Member 0.5
Director
$0 $0 $0
Rebecca Modin Board Member 0.5
Director
$0 $0 $0
James Moffett Board Member 0.5
Director
$0 $0 $0
Kathleen Oldham Board Member 0.5
Director
$0 $0 $0
Amy Pieper Board Member 0.5
Director
$0 $0 $0
James Reuland Board Member 0.5
Director
$0 $0 $0
Margaret Reuland Board Member 0.5
Director
$0 $0 $0
Dr Elaine Reynolds Board Member 0.5
Director
$0 $0 $0
Don Smith Board Member 0.5
Director
$0 $0 $0
Ardyth Stone Board Member 0.5
Director
$0 $0 $0
Robert Stone Board Member 0.5
Director
$0 $0 $0
Sam Switzer Board Member 0.5
Director
$0 $0 $0
Gordon Tompkins Board Member 0.5
Director
$0 $0 $0
Kelley Uthe Board Member 0.5
Director
$0 $0 $0
David Wharton Board Member 0.5
Director
$0 $0 $0
Megan Wyeth Board Member 0.5
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
2024 $40,711 $162,756 $441,408 $-122,045
2023 $36,742 $38,301 $512,040 $-1,559
2022 $150,135 $71,500 $458,276 $78,635
2021 $88,648 $80,378 $458,325 $8,270
2020 $118,630 $38,779 $444,864 $79,851
2019 $59,645 $49,052 $328,944 $10,593
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