THE MANKATO SCHOOL OF MUSIC SOUTHERN MN SCHOOL OF MUSIC (EIN 363263269) - 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

2000

Legal Domicile

Principal Officer

KIMBERLEY GREENWOOD

Phone

5075190860

Tax Period

2024-09-01 to 2025-08-31

THE MANKATO SCHOOL OF MUSIC SOUTHERN MN SCHOOL OF MUSIC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $347K in total revenue in fiscal year 2024. Expenses of $336K left a modest 3% surplus.

Mission

TO PROMOTE MUSIC IN THE SOUTHERN MINNESOTA COMMUNITY BY PROVIDING TRAINING AND INSTRUCTION FOR APPROXIMATELY 185 STUDENTS.

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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 $71,338

Program Service Revenue $272,098

Investment Income $0

Other Revenue $3,690

TOTAL REVENUE $347,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,751

Fundraising Expenses $0

Program Expenses $226,735

Other Expenses $262,944

TOTAL EXPENSES $335,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,126	$324,280	+0.1%
Expenses	$335,695	$338,328	0.0%
Net Income	$11,431	$-14,048	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLEY GREENWOOD	President	5.00	Officer Director	$0	$0	$0
GLENN BARNETTE	Treasurer	5.00	Officer Director	$0	$0	$0
MELISSA SALINAS	Secretary	5.00	Officer Director	$0	$0	$0
SHANNON TIETEMA	Director	1.00	Director	$0	$0	$0
LOGAN BURNS	Director	1.00	Director	$0	$0	$0
RILEY KOLSTAD	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	$347,126	$335,695	$14,981	$11,431
2024	$324,280	$338,328	$20,204	$-14,048
2023	$252,528	$272,399	$8,624	$-19,871

THE MANKATO SCHOOL OF MUSIC SOUTHERN MN SCHOOL OF MUSIC