FRIENDS OF THE BRAUMART (EIN 264342498) - 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

2009

Principal Officer

RODNEY KJELL

Phone

9062826807

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE BRAUMART, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $205K left a modest 6% surplus.

Mission

TO BE ORGANIZED AND OPERATE SOLELY FOR ARTS, EDUCATION AND CULTURAL ENHANCEMENT PURPOSES WITHIN DICKINSON COUNTY, MICHIGAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,947

Program Service Revenue $156,952

Investment Income $6,325

Other Revenue $28,330

TOTAL REVENUE $217,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,536

Fundraising Expenses $0

Program Expenses $150,072

Other Expenses $189,651

TOTAL EXPENSES $205,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,554	$171,076	+0.3%
Expenses	$205,187	$169,992	+0.2%
Net Income	$12,367	$1,084	+10.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JINX BREW	EXECUTIVE DI	N/A	Officer	$0	$0	$0
RODNEY KJELL	PRESIDENT	N/A	Officer	$0	$0	$0
SETH ANDERSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
LYNN IVERSON	SECRETARY	N/A	Officer	$0	$0	$0
DUANE PECK	TREASURER	N/A	Officer	$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	No data	No data	No data	No data
2023	$217,554	$205,187	$427,646	$12,367
2022	$171,076	$169,992	$433,156	$1,084
2021	$115,549	$148,026	$431,100	$-32,477
2020	$87,957	$88,630	$438,933	$-673
2019	$303,926	$181,830	$337,158	$122,096

FRIENDS OF THE BRAUMART