Western Minnesota Steam Threshers Reunion Inc

Nonprofit profile at a glance

EIN
237418831
IRS 990 coverage
2014–2022
Forms available
Form 990 2022
Location
Hawley, MN, USA
Phone
2189375316
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$681,401
Expenses
$638,103
Assets
$3,073,334
Liabilities
$68,431

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • DUANE HALVORSRUD (PRESIDENT)

People named in this filing

  • DUANE HALVORSRUD (PRESIDENT)
  • ROGER MEYER (VICE PRESIDE)
  • DON THIEL (SECRETARY)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Western Minnesota steam threshers reunion, inc. Is organized for the purpose of: a. Providing an opportunity for persons to annually gather to renew friendships, relive the past of the northern plains and honor the pioneers who settled this region; b. Acquiring, preserving and restoring antique items from this region for the purpose of demonstrating their use; and c. Providing a setting for people to perform the activities, crafts, and music of the pioneer days.

What it reported doing in 2022

Educational opportunities: university of rollag steam school is held fathers day weekend each year at steamer hill. It is a two-day course designed to provide the fundamental training, both hands on, and classroom to prepare new (or not so new) steam enthusiasts to be safe operators, and provide important information to aid them in preparation for their mn hobby boilers exam. During the course, you will learn the key points to safely operate a steam engine, and also learn the history and inner workings of the engines. In addition, there are hands-on sessions each day with our veteran operators to answer questions and provide some time on an engine to learn how they work. Students have the ability to practice on the prony brake, run an obstacle course and get up close and personal with the engines. While the course does not satisfy all the mn state requirements to take your test, it is a solid foundation on which to build your knowledge from. Wmstr is the only training approved by the state of Minnesota not provided by a state- run entity

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
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. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 67
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.6%; rating input score 83
  • Fundraising efficiency: Limited

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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.4%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 4.82; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: -2% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -1.8% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.6% of spending went to programs
  • Governance: 14 of 14 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $527K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.