MANKATO SYMPHONY ORCHESTRA INC

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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

1951

Legal Domicile

Principal Officer

BETHEL BALGE

Phone

5076258880

Tax Period

2024-07-01 to 2025-06-30

MANKATO SYMPHONY ORCHESTRA INC, founded in 1951, is a small nonprofit in the Arts, Culture & Humanities sector that reported $344K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $705K represent 25 months of operating reserves.

Mission

TO CREATE EMOTION-PACKED, HIGH QUALITY MUSICAL EXPERIENCES AND PROMOTE MUSICAL EDUCATION IN AND FOR SOUTH CENTRAL MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $184,944 Revenue: $54,234

THE ASSOCIATION PRESENTED SYMPHONY CONCERTS FOR THE GENERAL PUBLIC, CONDUCTED SYMPHONY PRACTICES AND CONCERTS, AND PROVIDED MUSICAL EDUCATION AND PERFORMANCE OPPORTUNITIES FOR MUSICIANS AND THE...

THE ASSOCIATION PRESENTED SYMPHONY CONCERTS FOR THE GENERAL PUBLIC, CONDUCTED SYMPHONY PRACTICES AND CONCERTS, AND PROVIDED MUSICAL EDUCATION AND PERFORMANCE OPPORTUNITIES FOR MUSICIANS AND THE PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $217,817

Program Service Revenue $54,234

Investment Income $77,536

Other Revenue $-5,185

TOTAL REVENUE $344,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,384

Fundraising Expenses $0

Program Expenses $184,944

Other Expenses $261,398

TOTAL EXPENSES $375,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,402	$286,504	+0.2%
Expenses	$375,782	$307,982	+0.2%
Net Income	$-31,380	$-21,478	+0.5%

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

$69,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MCNAMARA	PRESIDENT	1.50	Officer Director	$0	$0	$0
ANDREW WILLAERT	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
THOMAS LENTZ	TREASURER	4.00	Officer Director	$0	$0	$0
MELINDA WEDZINA	SECRETARY	1.50	Officer Director	$0	$0	$0
ANN FREDRICKSON	DIRECTOR	1.50	Director	$0	$0	$0
ANNA BROWN	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTOPHER PAUL	DIRECTOR	1.50	Director	$0	$0	$0
JOE MEIDL	DIRECTOR	1.50	Director	$0	$0	$0
SARAH HOULE	DIRECTOR	1.50	Director	$0	$0	$0
KATIE HEINTZ	DIRECTOR	1.50	Director	$0	$0	$0
ERIC WOLLER	DIRECTOR	1.50	Director	$0	$0	$0
JOHN KIND	DIRECTOR	1.50	Director	$0	$0	$0
BETHEL BALGE	EXECUTIVE DIRECTOR	40.00	Officer	$69,892	$0	$69,892

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
2025	$344,402	$375,782	$712,302	$-31,380
2024	$286,504	$307,982	$743,668	$-21,478
2023	$367,721	$272,889	$722,181	$94,832
2022	$425,852	$258,099	$638,777	$167,753
2021	$146,154	$164,188	$648,690	$-18,034
2020	$144,274	$191,864	$582,165	$-47,590
2019	$655,660	$293,198	$595,161	$362,462
2018	$424,861	$330,830	$233,326	$94,031