Martin County Historical Society
Nonprofit profile at a glance
- EIN
- 410824189
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Fairmont, MN, USA
- Phone
- 5072355178
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $527,902
- Expenses
- $368,886
- Assets
- $3,186,722
- Liabilities
- $21,407
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- LIZ WHEELER (PRESIDENT)
People named in this filing
- LIZ WHEELER (PRESIDENT)
- HARLAN GORATH (VICE PRESIDE)
- BOB MILLETTE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To preserve and share the history of martin county by acquiring, conserving, appropriately displaying, and making it accessible for viewing, research, and educational purposes.
What it reported doing in 2024
Education: students visit the pioneer museum annually to engage in educational activities relative to martin county history. Other visitors frequently utilize the research library to learn about relatives or individual interests. There are also occasional presentations by other organizations that are attended by local residents. Articles of historic pertinence to martin county are provided to the local newspapers and are published monthly. In addition, our website www.fairmont.org/mchs provides relevant information about the martin county historical society as well as information about the history of martin county. The museum has approximately 2,500 total visitors annually, including visitors from many of the states and many foreign countries. Community building: power point and dvd presentations on various local historical topics including martin county military veteran's interviews are presented frequently. In addition, various community organizations periodically hold meetings, class reunions, and family reunions at the museum.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 84
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.5%; rating input score 68
- Program expense ratio: 83.2%; rating input score 83
- Fundraising efficiency: $39.4 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.1%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 8.64; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: -7.6% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 67.5% of revenue deployed · 83.2% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $307K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.