EAST CENTRAL REGIONAL ARTS COUNCIL (EIN 273386367) - 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

2010

Legal Domicile

Principal Officer

MARY MINNICK-DANIELS

Phone

3203360200

Tax Period

2024-07-01 to 2025-06-30

EAST CENTRAL REGIONAL ARTS COUNCIL, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $851K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE EAST CENTRAL REGIONAL ARTS COUNCIL IS TO SUPPORT THE ARTS AND BRING THE LIFE ENHANCING VALUES THEY AFFORD TO REGION 7E RESIDENTS IN THE FOLLOWING MINNESOTA COUNTIES: CHISAGO, ISANTI, KANABEC, MILLE LACS, AND PINE.

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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 $844,685

Program Service Revenue $0

Investment Income $4,690

Other Revenue $2,000

TOTAL REVENUE $851,375

Expense Breakdown

Grants Paid $481,923

Salaries & Benefits $236,810

Fundraising Expenses $0

Program Expenses $808,573

Other Expenses $159,979

TOTAL EXPENSES $878,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$851,375	$815,468	+0.0%
Expenses	$878,712	$879,483	0.0%
Net Income	$-27,337	$-64,015	-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

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

$101,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA VITA	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ROGER NEIBOER	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
MATTHEW KROUSEY	SECRETARY	2.00	Officer Director	$0	$0	$0
PAT BLACK	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH RATERMANN BEAHAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH TRENT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
MARY MINNICK-DANIELS	EXECUTIVE DIRECTOR	40.00	Officer	$94,375	$6,967	$101,342

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	$851,375	$878,712	$218,000	$-27,337
2024	No data	No data	No data	No data
2023	$686,216	$692,439	$385,653	$-6,223
2022	$628,144	$566,238	$265,696	$61,906
2021	$593,916	$513,712	$287,282	$80,204
2020	$596,804	$619,766	$253,598	$-22,962
2019	$656,294	$609,922	$132,019	$46,372
2018	$555,532	$565,041	$193,224	$-9,509

EAST CENTRAL REGIONAL ARTS COUNCIL