CHIPPEWA AREA HISTORY CENTER INC

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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

2022

Legal Domicile

Principal Officer

DAVE RAIHLE

Tax Period

2024-01-01 to 2024-12-31

CHIPPEWA AREA HISTORY CENTER INC, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 2638% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 94% operating margin.

Mission

THE CHIPPEWA AREA HISTORY CENTER WORKS TO PRESERVE LOCAL HISTORY AND MAKE IT AVAILABLE TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $17,364 Revenue: $23,577

THE CHIPPEWA AREA HISTORY CENTER WORKS TO PRESERVE LOCAL HISTORY AND MAKE IT AVAILABLE TO THE PUBLIC.

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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 $4,760,123

Program Service Revenue $23,577

Investment Income $10

Other Revenue $9,698

TOTAL REVENUE $4,793,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,063

Fundraising Expenses $0

Program Expenses $17,364

Other Expenses $171,492

TOTAL EXPENSES $282,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,793,408	$175,041	+26.4%
Expenses	$282,555	$138,827	+1.0%
Net Income	$4,510,853	$36,214	+123.6%

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

N/A

Independent Members

N/A

Employees

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	Role	Reportable Comp	Other Comp	Total
SKIP AUGUST	DIRECTOR	Director	$0	$0	$0
JIM DOCKSEY	VICE PRESIDENT	Officer Director	$0	$0	$0
DIANA GERMAIN	DIRECTOR	Director	$0	$0	$0
DAVE GORDON	DIRECTOR	Director	$0	$0	$0
BOB HOGSETH	TREASURER	Officer Director	$0	$0	$0
DAVE RAIHLE	PRESIDENT	Officer Director	$0	$0	$0
JIM SCHUH	SECRETARY	Officer Director	$0	$0	$0
WENDY SULLIVAN	DIRECTOR	Director	$0	$0	$0
MARY ROSE WILLI	DIRECTOR	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	$4,793,408	$282,555	$4,549,005	$4,510,853