THE SHED IN WARROAD

EIN: 934726049 501(c)(3) Arts, Culture & Humanities

WARROAD, MN

Total Revenue
$12,042,531
Total Expenses
$146,076
Total Assets
$11,896,455
Net Assets
$11,896,455
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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
2023
Legal Domicile
MN
Principal Officer
DOUG THOMASSON
Phone
2183862211
Tax Period
2024-01-01 to 2024-12-31

THE SHED IN WARROAD, founded in 2023, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.0M in total revenue in fiscal year 2024. The organization ran a surplus of $11.9M, a strong 99% operating margin.

Mission

THE MISSION OF THE SHED IN WARROAD IS TO COLLECT, PRESERVE, AND DISPLAY CLASSIC AUTOMOBILES AND RELATED MATERIALS TO INSPIRE AND ENCOURAGE PUBLIC INTEREST AND FUTURE GENERATIONS DESIGN, MANUFACTURE, AND IMPORTANCE OF THE TRANSPORTATION INDUSTRY WITH AN EMPHASIS ON VEHICLES COLLECTED BY RENOWED COLLECTOR, BOB MARVIN

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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 $12,042,531
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $12,042,531

Expense Breakdown

Grants Paid $1,480
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $146,076
Other Expenses $144,596
TOTAL EXPENSES $146,076

Year-over-Year Comparison

2024 2023 Change
Revenue $12,042,531 N/A N/A
Expenses $146,076 N/A N/A
Net Income $11,896,455 N/A N/A
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM DOUG THOMASSON PRESIDENT 10.00
Officer
$0 $0 $0
MICHELE THOMPSON TREASURER 3.00
Officer
$0 $0 $0
LORALEE MARVIN SECRETARY 2.00
Officer
$0 $0 $0
DANIEL OSTLUND BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT EVANS CHAIR 1.00
Director
$0 $0 $0
BOB MARVIN VICE CHAIR 1.00
Director
$0 $0 $0
MIKE KVARNOLV MEMBER 1.00
Director
$0 $0 $0
CHRIS HAMNESS DIRECTOR 1.00
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 No data No data No data No data
2024 $12,042,531 $146,076 $11,896,455 $11,896,455
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