The Cowles Center (EIN 271173436) - 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

Legal Domicile

Principal Officer

L Kelley Lindquist

Phone

6122063636

Tax Period

2024-01-01 to 2024-12-31

The Cowles Center, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $759K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 70% operating deficit.

Mission

To provide a home for the local dance company and work as an advocate for these 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 $496,249

Program Service Revenue $250,968

Investment Income $24

Other Revenue $11,315

TOTAL REVENUE $758,556

Expense Breakdown

Grants Paid $208,000

Salaries & Benefits $346,284

Fundraising Expenses $6,016

Program Expenses $1,172,285

Other Expenses $731,781

TOTAL EXPENSES $1,286,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$758,556	$3,436,956	-0.8%
Expenses	$1,286,065	$3,503,241	-0.6%
Net Income	$-527,509	$-66,285	+7.0%

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

N/A

Employees

Volunteers

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

$1,050,299

Total Directors

$865,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L Kelley Lindquist	President	10.00	Officer Director	$0	$23,546	$295,535
Will Law	Treasurer	10.00	Officer Director	$0	$24,555	$226,348
Kathleen Kvern	Secretary	10.00	Officer Director	$0	$23,902	$180,306
Stacey Mickelson	Vice President	10.00	Officer Director	$0	$13,737	$163,267
Beth Chalmers	Chief Financial Officer	2.00	Officer	$0	$21,383	$184,843

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	$758,556	$1,286,065	$500,112	$-527,509
2023	$3,436,956	$3,503,241	$17,694,098	$-66,285
2022	$3,800,665	$3,273,798	$26,829,562	$526,867
2021	$3,628,768	$2,865,134	$25,707,590	$763,634
2020	$1,492,326	$2,658,641	$25,245,040	$-1,166,315
2019	$3,381,185	$3,276,880	$20,722,457	$104,305
2018	$2,305,013	$3,610,873	$20,279,788	$-1,305,860

The Cowles Center