ROSEMOUNT AREA ARTS COUNCIL

EIN: 261674068 501(c)(3)

ROSEMOUNT, MN

Total Revenue
$135,616
Total Expenses
$140,878
Total Assets
$18,909
Net Assets
$18,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MN
Principal Officer
JEANNE SCHWARTZ
Phone
6122720997
Tax Period
2019-01-01 to 2019-12-31

ROSEMOUNT AREA ARTS COUNCIL, founded in 2009, is a small nonprofit that reported $136K in total revenue in fiscal year 2019. Revenue surged 135% from the prior year, signaling strong growth momentum.

Mission

ROSEMOUNT AREA ARTS COUNCIL EXISTS TO BUILD AND STRENGTHEN THE ROSEMOUNT COMMUNITY THROUGH THE ARTS. THE COUNCIL BRINGS A BROAD VARIETY OF ART OPPORTUNITIES TO THE RESIDENTS OF THE ROSEMOUNT AREA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $83,659
Program Service Revenue $41,647
Investment Income $0
Other Revenue $10,310
TOTAL REVENUE $135,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,878
Other Expenses $140,878
TOTAL EXPENSES $140,878

Year-over-Year Comparison

2019 2018 Change
Revenue $135,616 $57,612 +1.4%
Expenses $140,878 $52,868 +1.7%
Net Income $-5,262 $4,744 -2.1%
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

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Governance

Voting Members
20
Independent Members
N/A
Employees
N/A
Volunteers
85

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
8
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNE SCHWARTZ CHAIR 25.00
Officer
$0 $0 $0
KEITH REED VICE CHAIR 5.00
Officer
$0 $0 $0
REBECCA GROSHONG TREASURER 10.00
Officer
$0 $0 $0
ANN LOCH SECRETARY 5.00
Officer
$0 $0 $0
JOHN LOCH PROGRAMMING 5.00
Officer
$0 $0 $0
MEGAN WRIGHT MEMBERSHIP 5.00
Officer
$0 $0 $0
TRINA WALTER MARKETING 5.00
Officer
$0 $0 $0
FAYE HEFFELE TECHNOLOGY 10.00
Officer
$0 $0 $0
BILL SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLOTTE KODNER BOARD MEMBER 2.00
Director
$0 $0 $0
CLAIRE RAMSAY BOARD MEMBER 2.00
Director
$0 $0 $0
GREG TWAITES BOARD MEMBER 2.00
Director
$0 $0 $0
JEAN CREWSON BOARD MEMBER 2.00
Director
$0 $0 $0
JIM KOTZ BOARD MEMBER 2.00
Director
$0 $0 $0
JOANNE JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
JON ELLEFSON BOARD MEMBER 2.00
Director
$0 $0 $0
KITTY ENGLE BOARD MEMBER 2.00
Director
$0 $0 $0
LAURA BAKER BOARD MEMBER 2.00
Director
$0 $0 $0
MAILA ELLEFSON BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD SIEVERT BOARD MEMBER 2.00
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
2019 $135,616 $140,878 $18,909 $-5,262
2018 $57,612 $55,283 $23,717 $2,329
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