GRAND CENTER FOR ARTS & CULTURE INC

EIN: 271630618 501(c)(3) Arts, Culture & Humanities

NEW ULM, MN

Total Revenue
$880,446
Total Expenses
$1,327,150
Total Assets
$5,077,672
Net Assets
$5,060,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MN
Principal Officer
SUSANNAH SETTERHOLM
Phone
5073599222
Tax Period
2023-01-01 to 2023-12-31

GRAND CENTER FOR ARTS & CULTURE INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $880K in total revenue in fiscal year 2023. Revenue surged 200% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 51% operating deficit.

Mission

ENRICH COMMUNITY LIFE THOUGH ARTS, CULTURAL EDUCATION AND EXPERIENCES

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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 (2023)

Revenue Breakdown

Contributions & Grants $164,359
Program Service Revenue $37,904
Investment Income $143,767
Other Revenue $534,416
TOTAL REVENUE $880,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,515
Fundraising Expenses $13,129
Program Expenses $1,068,245
Other Expenses $1,211,635
TOTAL EXPENSES $1,327,150

Year-over-Year Comparison

2023 2022 Change
Revenue $880,446 $293,847 +2.0%
Expenses $1,327,150 $440,846 +2.0%
Net Income $-446,704 $-146,999 +2.0%
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

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Governance

Voting Members
13
Independent Members
13
Employees
20
Volunteers
40

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
5
$54,154
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON PIESCHEL CHAIR 1.00
Officer Director
$0 $0 $0
DAN HOISINGTON VICE CHAIR 1.00
Officer Director
$0 $0 $0
SUSANNAH SETTERHOLM TREASURER 1.00
Officer Director
$0 $0 $0
MAGGIE SCHWAB SECRETARY 1.00
Officer Director
$0 $0 $0
MOJRA HAUENSTEIN DIRECTOR 1.00
Director
$0 $0 $0
GRACE HENNIG DIRECTOR 1.00
Director
$0 $0 $0
ANNE MAKEPEACE DIRECTOR 1.00
Director
$0 $0 $0
WENDI RINGHOFER DIRECTOR 1.00
Director
$0 $0 $0
JASON SCHAEFER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHANEMAN DIRECTOR 1.00
Director
$0 $0 $0
WENDI RINGHOFER DIRECTOR 1.00
Director
$0 $0 $0
PAM STOCCO DIRECTOR 1.00
Director
$0 $0 $0
VICTORIA TAMBOERNINO DIRECTOR 1.00
Director
$0 $0 $0
SARAH WARMKA DIRECTOR 1.00
Director
$0 $0 $0
LAUREL STINSON EXECUTIVE DIRECTOR 40.00
Officer
$50,000 $4,154 $54,154
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 $880,446 $1,327,150 $5,077,672 $-446,704
2022 $293,847 $440,846 $5,260,143 $-146,999
2021 $497,999 $418,564 $6,057,383 $79,435
2020 $1,775,461 $317,363 $5,832,262 $1,458,098
2019 $223,744 $338,228 $3,927,520 $-114,484
2018 $1,006,016 $286,970 $3,939,789 $719,046
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