Tower-soudan Historical Society is a 501(c)(3) organization based in Tower, Minnesota, registered in 2008, with $216,158 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$216K
▼ 53.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$63K
Net assets
$310K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Tower-soudan Historical Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tower-soudan Historical Society: 59 mo reserves · +71% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Tower-soudan Historical Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tower-soudan Historical Society: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $339K (FY2022) to $216K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
70.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$310K
Total liabilities
$0
Net assets
$310K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $216,158▼53.9% | $63,055▼88.4% | $309,705▲97.8% | $309,705▲97.8% | 990 |
| 2023 | $468,757▲38.2% | $543,446▲201% | $156,602▼32.3% | $156,602▼32.3% | 990 |
| 2022 | $339,131 | $180,755 | $231,291 | $231,291 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
7 grants to Tower-soudan Historical Society totaling $543K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Minnesota Historical Society | Legacy grant for tower fire hall exterior, electrical, and interior masonry and finishes rehabilitation | 2023 | $216,423 |
| Minnesota Historical Society | Legacy grant for tower fire hall exterior rehabilitation | 2022 | $183,310 |
| Minnesota Historical Society | Legacy grants for fire hall rehabilitation, restrooms, and new roof for fire hall | 2021 | $95,685 |
| Minnesota Historical Society | Legacy grants for historic tower fire hall: roof replacement, construction documents for roof and addition | 2020 | $20,000 |
| Minnesota Historical Society | Legacy grant for historic tower fire hall revision of architectural drawings. | 2019 | $9,850 |
| Minnesota Historical Society | Legacy grant for historic tower fire hall preservation and stabilization, phase 1. | 2018 | $7,500 |
| Minnesota Historical Society | Legacy grant for the development of architectural construction documents for the tower fire hall. | 2016 | $10,000 |
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Data for Tower-soudan Historical Society (EIN 41-1641547) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.