TIMBER LAKE AND AREA HISTORICAL SOC

EIN: 460373113 501(c)(3)

TIMBER LAKE, SD

Total Revenue
$231,476
Total Expenses
$136,540
Total Assets
$2,465,913
Net Assets
$2,465,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
SD
Principal Officer
KATHY NELSON
Phone
6058653553
Tax Period
2025-01-01 to 2025-12-31

TIMBER LAKE AND AREA HISTORICAL SOC, founded in 1982, is a small nonprofit that reported $231K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 41% operating margin.

Mission

PRESERVE HISTORICAL ARTIFACTS FROM THE TIMBER LAKE AREA AND PROVIDE SCHOLARSHIPS TO TIMBER LAKE AREA STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $68,891 Revenue: $9,394

PRESERVE HISTORICAL ARTIFACTS AND MAINTAIN MUSEUM THAT HOUSES THEM AND HAS APPROXIMATELY 900 VISITORS ANNUALLY.

Program 2
Expenses: $9,000

PROVIDE EDUCATIONAL ACTIVITIES THAT ARE ATTENDED BY THE COMMUNITY AND VISITORS FROM OUTSIDE THE COMMUNITY. TO ASSIST IN THE PRESERVATION OF LOCAL HISTORICAL SITES AND PROVIDE GRANTS TO PROJECTS THAT...

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PROVIDE EDUCATIONAL ACTIVITIES THAT ARE ATTENDED BY THE COMMUNITY AND VISITORS FROM OUTSIDE THE COMMUNITY. TO ASSIST IN THE PRESERVATION OF LOCAL HISTORICAL SITES AND PROVIDE GRANTS TO PROJECTS THAT IMPROVE THE WELL BEING OF THE RESIDENTS OF TIMBER LAKE AND SURROUNDING AREA.

Program 3
Expenses: $38,500

PROVIDE SCHOLARSHIP FUNDS TO AREA STUDENTS TO ATTEND HIGHER EDUCATIONAL INSTITUTIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $57,049
Program Service Revenue $9,394
Investment Income $142,363
Other Revenue $22,670
TOTAL REVENUE $231,476

Expense Breakdown

Grants Paid $47,500
Salaries & Benefits $11,751
Fundraising Expenses $0
Program Expenses $116,391
Other Expenses $77,289
TOTAL EXPENSES $136,540

Year-over-Year Comparison

2025 2024 Change
Revenue $231,476 $165,853 +0.4%
Expenses $136,540 $133,110 +0.0%
Net Income $94,936 $32,743 +1.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
2
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
4
$0
Total Directors
8
$4,010
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY NELSON PRESIDENT N/A
Officer Director
$0 $0 $0
JEFF MOWRER VICE PRESIDE N/A
Officer Director
$0 $0 $0
LUANN LINDSKOV SECRETARY N/A
Officer Director
$0 $0 $0
MELODY MARSHALL DIRECTOR 5.00
Director
$4,010 $0 $4,010
JEAN TEHLE DIRECTOR N/A
Director
$0 $0 $0
CHAD PEDERSON TREASURER N/A
Officer
$0 $0 $0
JAY JONES DIRECTOR N/A
Director
$0 $0 $0
JULIE MARSHALL DIRECTOR N/A
Director
$0 $0 $0
ROBIN HANSSEN DIRECTOR N/A
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 $231,476 $136,540 $2,465,913 $94,936
2024 $165,853 $133,110 $2,283,405 $32,743
2023 $273,781 $270,331 $2,204,597 $3,450
2022 $88,595 $134,539 $2,165,813 $-45,944
2021 $268,358 $147,224 $2,377,164 $121,134
2020 $353,081 $100,991 $2,269,861 $252,090
2019 $68,269 $107,384 $1,841,621 $-39,115
2018 $82,543 $117,395 $1,691,669 $-34,852
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