MACROSTIE ART CENTER (EIN 237105948) - 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

1970

Legal Domicile

Principal Officer

H HOLTAN

Phone

2183262697

Tax Period

2023-01-01 to 2023-12-31

MACROSTIE ART CENTER, founded in 1970, is a small nonprofit that reported $433K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

MACROSTIE ART CENTER'S MISSION IS TO INSPIRE A CREATIVE COMMUNITY. MAC OPERATES A COMMUNITY ART CENTER TO SUPPORT LOCAL AND REGIONAL ARTISTS, PROVIDES ART EDUCATION FOR PEOPLE OF ALL AGES, AND PROMOTES AWARENESS OF THE ARTS IN NORTHERN MINNESOTA.

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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 $243,354

Program Service Revenue $119,939

Investment Income $10,618

Other Revenue $59,067

TOTAL REVENUE $432,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,626

Fundraising Expenses $0

Program Expenses $364,244

Other Expenses $242,623

TOTAL EXPENSES $458,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,978	$390,035	+0.1%
Expenses	$458,249	$392,348	+0.2%
Net Income	$-25,271	$-2,313	+9.9%

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

Total Directors

$66,955

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
K MARSHALL	Executive Dir.	40.00	Director	$66,955	$0	$66,955
H HOLTAN	President	5.00	Officer Director	$0	$0	$0
L CONNELLY	Secretary	2.00	Director	$0	$0	$0
K HEATON	Director	2.00	Director	$0	$0	$0
C BIBEAU	Director	2.00	Director	$0	$0	$0
R KJORLIEN	Director	2.00	Director	$0	$0	$0
B BARTOS	Treasurer	5.00	Officer Director	$0	$0	$0
E WHIGHT	Vice President	5.00	Officer Director	$0	$0	$0
M PETERSON	Director	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$432,978	$458,249	$694,512	$-25,271
2022	$390,035	$392,348	$727,963	$-2,313
2021	$464,784	$319,820	$671,809	$144,964
2020	$356,717	$363,375	$693,341	$-6,658
2019	$372,668	$379,658	$526,094	$-6,990
2018	$418,347	$356,774	$542,031	$61,573

MACROSTIE ART CENTER