MANKATO SYMPHONY ORCHESTRA INC

EIN: 237319396 501(c)(3) Arts, Culture & Humanities

MANKATO, MN

Total Revenue
$344,402
Total Expenses
$375,782
Total Assets
$712,302
Net Assets
$705,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
MN
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 OFFER EXCITING, HIGH QUALITY MUSICAL EVENTS AND MUSICAL EDUCATION FOR SOUTH CENTRAL 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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
20

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
5
$69,892
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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