CHILDRENS MUSEUM OF SOUTHERN MINNESOTA (EIN 204351801) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

PARKER SKOPHAMMER

Phone

5073860279

Tax Period

2023-01-01 to 2023-12-31

CHILDRENS MUSEUM OF SOUTHERN MINNESOTA, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $4.4M represent 30 months of operating reserves.

Mission

IGNITE THE NATURAL CURIOSITY OF EVERY CHILD THROUGH THE POWER OF PLAY IN A DYNAMIC, AWE-INSPIRING ENVIRONMENT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,381,777

Program Service Revenue $338,243

Investment Income $4,415

Other Revenue $23,900

TOTAL REVENUE $1,748,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $894,523

Fundraising Expenses $209,289

Program Expenses $966,075

Other Expenses $830,313

TOTAL EXPENSES $1,724,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,748,335	$1,956,520	-0.1%
Expenses	$1,724,836	$1,672,566	+0.0%
Net Income	$23,499	$283,954	-0.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$123,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTI WILKING	CHAIR	0.50	Officer Director	$0	$0	$0
PARKER SKOPHAMMER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SHANE VAN ENGEN	EXEC COMM AT LARGE	0.50	Officer Director	$0	$0	$0
HEATHER VONBANK	SECRETARY	0.50	Officer Director	$0	$0	$0
TARA TORSETH	TREASURER	0.50	Officer Director	$0	$0	$0
LINDA LEIDING	DIRECTOR	0.50	Director	$0	$0	$0
SUE SCHWICKERT	DIRECTOR	0.50	Director	$0	$0	$0
JERHOD SMITHBACK	DIRECTOR	0.50	Director	$0	$0	$0
CHASTITY VALVICK	DIRECTOR	0.50	Director	$0	$0	$0
KATIE HEINTZ	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SHNEIDER	DIRECTOR	0.50	Director	$0	$0	$0
GWEN WESTERMAN PHD	DIRECTOR	0.50	Director	$0	$0	$0
TREVOR PARK	DIRECTOR	0.50	Director	$0	$0	$0
RICK HALBUR	DIRECTOR	0.50	Director	$0	$0	$0
MOHAMED IBRAHIM	DIRECTOR	0.50	Director	$0	$0	$0
DQ SPENCER	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER CARLSON	DIRECTOR	0.50	Director	$0	$0	$0
SHERI SANDER-SILVA	DIRECTOR	0.50	Director	$0	$0	$0
MOLLIE MEYER	DIRECTOR	0.50	Director	$0	$0	$0
LOUISE DICKMEYER	CEO	40.00	Officer	$119,611	$4,116	$123,727

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
2024	No data	No data	No data	No data
2023	$1,748,335	$1,724,836	$5,032,232	$23,499
2022	$1,956,520	$1,672,566	$5,008,830	$283,954
2021	$2,100,889	$1,302,723	$4,850,933	$798,166
2020	$719,181	$1,103,024	$4,049,777	$-383,843
2019	$888,612	$1,354,718	$4,410,264	$-466,106
2018	$1,167,287	$1,268,231	$4,870,228	$-100,944

CHILDRENS MUSEUM OF SOUTHERN MINNESOTA