MINNESOTA BEETHOVEN FESTIVAL (EIN 263451875) - 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

2007

Legal Domicile

Principal Officer

HUGH MILLER

Phone

5074749055

Tax Period

2024-09-01 to 2025-08-31

MINNESOTA BEETHOVEN FESTIVAL, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $685K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $119K, a strong 17% operating margin.

Mission

THE MISSION OF THE MINNESOTA BEETHOVEN FESTIVAL IS TO INCREASE APPRECIATION OF CLASSICAL MUSIC AND THE WORK OF LUDWIG VAN BEETHOVEN THROUGH THE PRESENTATION OF NATIONALLY AND INTERNATIONALLY RECOGNIZED ARTISTS.

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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 $530,598

Program Service Revenue $107,181

Investment Income $46,796

Other Revenue $0

TOTAL REVENUE $684,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,274

Fundraising Expenses $7,873

Program Expenses $489,810

Other Expenses $482,910

TOTAL EXPENSES $565,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$684,575	$779,634	-0.1%
Expenses	$565,184	$499,594	+0.1%
Net Income	$119,391	$280,040	-0.6%

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

N/A

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

$34,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN HAMPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY BURRICHTER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CINDY TELSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE BOLON	BOARD MEMBER	1.00	Director	$0	$0	$0
NED KIRK	MANAGING DIRECTOR	20.00	Officer	$34,000	$0	$34,000

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	$684,575	$565,184	$2,033,502	$119,391
2024	$779,634	$499,594	$1,579,884	$280,040
2023	$611,831	$624,578	$1,160,707	$-12,747
2022	$605,161	$476,046	$1,102,154	$129,115
2021	$261,190	$252,078	$1,028,353	$9,112
2020	$262,693	$91,799	$949,874	$170,894
2019	$736,123	$475,109	$718,855	$261,014

MINNESOTA BEETHOVEN FESTIVAL