NORTH DAKOTA MUSEUM OF ART FOUNDATION (EIN 311669675) - 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

1998

Legal Domicile

Principal Officer

MATT WALLACE

Phone

7017774195

Tax Period

2024-07-01 to 2025-06-30

NORTH DAKOTA MUSEUM OF ART FOUNDATION, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $67K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 70% operating margin.

Mission

PROMOTION & EDUCATION OF THE ARTS THROUGH SUPPORT OF THE NORTH DAKOTA MUSEUM OF ART

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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 $2,000

Program Service Revenue $0

Investment Income $64,651

Other Revenue $0

TOTAL REVENUE $66,651

Expense Breakdown

Grants Paid $6,558

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,558

Other Expenses $13,422

TOTAL EXPENSES $19,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,651	$93,541	-0.3%
Expenses	$19,980	$23,914	-0.2%
Net Income	$46,671	$69,627	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN LARSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JULIE BLEHM	SECRETARY	1.00	Officer Director	$0	$0	$0
LOWELL NELSON	TREASURER	1.00	Officer Director	$0	$0	$0
CLIFFORD HAUGAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ASHLEY SHEA	DIRECTOR	1.00	Director	$0	$0	$0
BOB SORLIEN	ND MOA CHAIRMAN	1.00	Director	$0	$0	$0
AMY ROHIK	DIRECTOR	1.00	Director	$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
2025	$66,651	$19,980	$2,711,447	$46,671
2024	$93,541	$23,914	$2,407,916	$69,627
2023	$102,894	$372,501	$2,105,713	$-269,607
2022	$580,509	$11,206	$2,302,679	$569,303
2021	$419,795	$10,670	$2,036,150	$409,125
2020	$40,643	$96,460	$1,422,294	$-55,817
2019	$109,703	$333,342	$1,436,326	$-223,639
2018	$117,083	$82,121	$1,654,195	$34,962

NORTH DAKOTA MUSEUM OF ART FOUNDATION