GRANITE FALLS HISTORICAL SOCIETY

EIN: 911500032 501(c)(3) Arts, Culture & Humanities

Granite Falls, WA

Total Revenue
$27,681
Total Expenses
$28,822
Total Assets
$1,518,949
Net Assets
$1,518,949
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
WA
Principal Officer
Scott Bower
Phone
3606912603
Tax Period
2025-01-01 to 2025-12-31

GRANITE FALLS HISTORICAL SOCIETY, founded in 1971, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $28K in total revenue in fiscal year 2025. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 658 months of operating reserves.

Mission

The Society's mission is to collect, preserve and share the history of the Granite Falls region. We locate, identify, and collect appropriate material, protect and interpret that material, and finally make it available to the greatest possible extent. That includes museum operation, County-wide heritage community involvement, and live and online educational access to our collections.

Program Service Accomplishments

Program 1
Expenses: $11,074 Revenue: $9,706

MUSEUM OPERATION - Our major expense is the operation of the physical museum. Occupancy, insurance, depreciation, and construction/equipment top the list. Revenue is the admission/donation box. While...

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MUSEUM OPERATION - Our major expense is the operation of the physical museum. Occupancy, insurance, depreciation, and construction/equipment top the list. Revenue is the admission/donation box. While admission to the museum is free, we received $110,395.41 in donations and grants specifically for museum expansion and equipment, and those are considered revenue here because their use was restricted solely to physical museum improvement. We were open every Sunday in 2025, and opened over 40 times for out-of-town visitors or organizations requesting a tour who phoned in to arrange weekday visits. We received at the end of 2025 a $100,000 bequest to add to our Endowment fund.

Program 2
Expenses: $13,537 Revenue: $1,853

HERITAGE COMMUNITY INVOLVEMENT - Our second largest expense is typically our involvement in the county's heritage community, particularly in providing online resources useful for research and/or...

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HERITAGE COMMUNITY INVOLVEMENT - Our second largest expense is typically our involvement in the county's heritage community, particularly in providing online resources useful for research and/or historic tourism. Online hosting expenses continued throughout 2023, including those for online maps, rural historic cyber-tours, and countywide online museum tours. Some of these expenses are reimbursable by a historic fund and are shown as grants. Timing of reimbursements cause yearly variations. In 2023, we updated and expanded the county-wide online museums tour (and were reimbursed $1,404) We digitized historic County newspapers (and were reimbursed $19,500). We provided historical orientation presentations for several antique automobile touring clubs. We also provided technical instruction to several county genealogical societies who were struggling to improve their organizational technology skills, specifically aimed at helping them in the use of new digital scanning equipment.

Program 3
Expenses: $1,600 Revenue: $201,377

EDUCATION: We maintain a strong online presence, coupled with a broadly-distributed newsletter. Since we are an all-volunteer organization, our office and IT expenses are focused on continual...

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EDUCATION: We maintain a strong online presence, coupled with a broadly-distributed newsletter. Since we are an all-volunteer organization, our office and IT expenses are focused on continual educational awareness of, and access to, our collection. School class visits for 2025 were done. Hosting a total of 30 class presentation were provided to 3rd grade students. A number of printed pictures and documents were provided to local and online researchers, printing fees shown as revenue. We received a bequest at the end of the year that was directed to our Scholarship program. The donor requested that we specify the funds to go to 2 scholarships every year for a student seeking a STEM related education.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,118
Program Service Revenue $6,119
Investment Income $17,987
Other Revenue $457
TOTAL REVENUE $27,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,411
Other Expenses $28,822
TOTAL EXPENSES $28,822

Year-over-Year Comparison

2025 2024 Change
Revenue $27,681 $40,796 -0.3%
Expenses $28,822 $26,731 +0.1%
Net Income $-1,141 $14,065 -1.1%
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
9
Independent Members
9
Employees
N/A
Volunteers
30

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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Regina Jones Board member 2
Director
$0 $0 $0
Marcia Day Board member 4
Director
$0 $0 $0
Tom Thorleifson Board member 2
Director
$0 $0 $0
Angie Rosenkranz Board member 2
Director
$0 $0 $0
Ron Chew Board Vice-President 3
Officer
$0 $0 $0
Bob Ingraham Board President 3
Officer
$0 $0 $0
Fred Cruger Board Treasurer 2
Officer
$0 $0 $0
Robin Ingraham Board Member 2
Officer
$0 $0 $0
Lisa Schmidt Board Secretary 2
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 $27,681 $28,822 $1,518,949 $-1,141
2024 $40,796 $26,731 $1,199,692 $14,065
2023 $56,815 $59,155 $1,066,503 $-2,340
2022 $73,762 $35,174 $621,070 $38,588
2021 $82,249 $149,963 $581,601 $-67,714
2020 $50,553 $33,320 $511,865 $17,233
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