SHAKE RAG ALLEY INC

EIN: 260094618 501(c)(3) Arts, Culture & Humanities

MINERAL POINT, WI

Total Revenue
$678,006
Total Expenses
$504,699
Total Assets
$1,272,717
Net Assets
$993,533
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WI
Principal Officer
MIKE CHRISTENSEN
Phone
6089873292
Tax Period
2024-01-01 to 2024-12-31

SHAKE RAG ALLEY INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $678K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 26% operating margin.

Mission

TO PROVIDE EDUCATIONAL EXPERIENCES IN VISUAL, PERFORMING, AND LITERARY ARTS FOR ADULTS AND CHILDREN; CULTIVATE THE CREATIVITY THAT THRIVES IN OUR RURAL COMMUNITY; AND REHABILITATE AND PRESERVE OUR HISTORIC BUILDINGS AND CAMPUS.

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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 $408,835
Program Service Revenue $186,667
Investment Income $37,108
Other Revenue $45,396
TOTAL REVENUE $678,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,990
Fundraising Expenses $0
Program Expenses $469,486
Other Expenses $307,709
TOTAL EXPENSES $504,699

Year-over-Year Comparison

2024 2023 Change
Revenue $678,006 $497,144 +0.4%
Expenses $504,699 $471,523 +0.1%
Net Income $173,307 $25,621 +5.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
118

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CHRISTENSEN PRESIDENT 1.17
Officer Director
$0 $0 $0
DAVID SOUTHWARD VICE PRESIDENT 0.56
Officer Director
$0 $0 $0
DEB DONAGHUE TREASURER 0.58
Officer Director
$0 $0 $0
JULIE WHELAN CAPELL SECRETARY 0.56
Officer Director
$0 $0 $0
KEVIN CLOUGHERTY DIRECTOR 0.35
Director
$0 $0 $0
JOY GIESEKE DIRECTOR 0.19
Director
$0 $0 $0
BETTY HOGAN DIRECTOR 0.17
Director
$0 $0 $0
STEVE LEGER DIRECTOR 0.38
Director
$0 $0 $0
JULIA MARR DIRECTOR 0.40
Director
$0 $0 $0
MOLLY WALZ HUIE DIRECTOR 0.19
Director
$0 $0 $0
THERESA SELGESTAD DIRECTOR 0.04
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 $678,006 $504,699 $1,272,717 $173,307
2023 $497,144 $471,523 $1,107,289 $25,621
2022 $460,659 $445,107 $1,071,333 $15,552
2021 $343,266 $335,570 $1,151,825 $7,696
2020 $246,535 $239,260 $1,092,624 $7,275
2019 $282,982 $303,148 $987,267 $-20,166
2018 $404,673 $315,824 $996,019 $88,849
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