THE FINSTAD FOUNDATION

EIN: 331824724 501(c)(3) Arts, Culture & Humanities

INTERNATIONAL FALLS, MN

Total Revenue
$818,523
Total Expenses
N/A
Total Assets
$818,523
Net Assets
$818,523
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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
2024
Legal Domicile
MN
Principal Officer
CHARLES HELLELOID
Phone
2183240998
Tax Period
2024-10-10 to 2024-12-31

THE FINSTAD FOUNDATION, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $819K in total revenue in fiscal year 2024.

Mission

TO OPERATE TO RESTORE AND PRESERVE THE FINSTAD AUTO-MARINE SHOP IN RANIER, MINNESOTA, AS A MUSEUM AND CULTURAL CENTER, TO HONOR THE HISTORY OF RANIER, MINNESOTA, AND ITS EARLY RESIDENTS, AND TO PROMOTE THE GENERAL WELFARE OF THE COMMUNITY OF RANIER AND SURROUNDING AREA IN THE FUTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $818,461
Program Service Revenue $0
Investment Income $62
Other Revenue $0
TOTAL REVENUE $818,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $818,523 N/A N/A
Expenses N/A N/A N/A
Net Income N/A N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL GAWTRY PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES HELLELOID TREASURER 3.00
Officer Director
$0 $0 $0
CHRISTOPHER GRAZULIS SECRETARY 1.00
Officer 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
2024 $818,523 No data $818,523 No data
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