PRAIRIE HISTORICAL SOCIETY INC (EIN 466017308) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

MIKE TAMMEN

Phone

6052563644

Tax Period

2023-10-01 to 2024-09-30

PRAIRIE HISTORICAL SOCIETY INC is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2017. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $511K, a strong 45% operating margin.

Mission

TO ESTABLISH, MAINTAIN, ENDOW, PERPETUATE, AND CARRY ON, IN LAKE COUNTY, SOUTH DAKOTA, A CHARITABLE AND EDUCATIONAL ENTERPRISE, SPECIFICALLY THE OPERATION OF A HISTORICAL MUNICIPALITY FOR NON PROFIT PURPOSES WITH ASSOCIATED ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $93,802

Program Service Revenue $540,309

Investment Income $727

Other Revenue $14,358

TOTAL REVENUE $649,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,230

Fundraising Expenses $3,325

Program Expenses $637,717

Other Expenses $554,834

TOTAL EXPENSES $681,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$649,196	$633,742	+0.0%
Expenses	$681,064	$750,042	-0.1%
Net Income	$-31,868	$-116,300	-0.7%

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

Employees

Volunteers

100

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

$72,164

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARON WAHL	CEO	40.00	Officer	$57,372	$0	$57,372
MISTY YOUNG	CFO	20.00	Officer	$14,792	$0	$14,792
DAN ALGRA	DIRECTOR	N/A	Director	$0	$0	$0
COURTNEY HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD HARMON	TREASURER	1.00	Officer Director	$0	$0	$0
MATT HUSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY JOHANNSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DON MAGG	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PETERSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TRISTON SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TAMMEN	PRESIDENT	1.00	Officer 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	$649,196	$681,064	$1,614,879	$-31,868
2023	$633,742	$750,042	$1,664,672	$-116,300
2022	$735,726	$728,697	$1,790,226	$7,029
2021	$630,424	$615,551	$1,764,797	$14,873
2020	$180,339	$352,811	$1,770,199	$-172,472
2019	$601,839	$660,573	$1,964,585	$-58,734
2018	$1,136,417	$625,027	$2,018,348	$511,390

PRAIRIE HISTORICAL SOCIETY INC