MINNESOTA ORCHESTRAL ASSOCIATION (EIN 410693875) - 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

1907

Legal Domicile

Principal Officer

IVAN WINSHIP

Phone

6123715600

Tax Period

2023-09-01 to 2024-08-31

MINNESOTA ORCHESTRAL ASSOCIATION, founded in 1907, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $38.7M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $45.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

AN INTERNATIONALLY-RECOGNIZED ORCHESTRA DEDICATED TO ENRICHING AND SERVING MINNESOTA COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $26,683,402

Program Service Revenue $11,034,734

Investment Income $301,516

Other Revenue $662,689

TOTAL REVENUE $38,682,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,902,348

Fundraising Expenses $3,098,584

Program Expenses $36,040,327

Other Expenses $15,124,230

TOTAL EXPENSES $45,026,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,682,341	$45,012,946	-0.1%
Expenses	$45,026,578	$45,244,361	0.0%
Net Income	$-6,344,237	$-231,415	+26.4%

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

865

Volunteers

241

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

$838,747

Total Directors

Key Employees

$278,159

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE MILLER BURNS	PRESIDENT & CEO	40.00	Officer	$484,378	$35,099	$519,477
IVAN WINSHIP	CFO	40.00	Officer	$277,391	$41,879	$319,270
ERIN KEEFE	MUSICIAN	40.00	Highest	$284,215	$31,380	$315,595
NATHAN HUGHES	MUSICIAN	40.00	Highest	$282,502	$10,441	$292,943
CAROLYN EGEBERG	VP OF ADVANCEMENT	40.00	Key Emp	$246,586	$31,573	$278,159
ROBERT WRIGHT	MUSICIAN	40.00	Highest	$193,032	$40,067	$233,099
FEI XIE	MUSICIAN	40.00	Highest	$189,653	$40,068	$229,721
SHERI NOTARO	VP OF PEOPLE AND CULTURE	40.00	Highest	$194,763	$31,126	$225,889
NANCY LINDAHL	CHAIR	1.00	Officer Director	$0	$0	$0
BILL MILLER	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
JEROME HAMILTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AL LENZMEIER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LLOYD KEPPLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL KLINGENSMITH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARTY LUECK	TREASURER	1.00	Officer Director	$0	$0	$0
MARY LAWRENCE	SECRETARY	1.00	Officer Director	$0	$0	$0
KITA MCVAY	OFFICER AT-LARGE	1.00	Officer Director	$0	$0	$0
PAUL GRANGAARD	DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL ROSE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA GOLD	DIRECTOR	1.00	Director	$0	$0	$0
BETSY FROST	DIRECTOR	1.00	Director	$0	$0	$0
BOB TUNHEIM	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON CARMACK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TILZER	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE R WEBSTER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BURWELL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY OLMANSON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HIMLE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LEVINSON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GRANDSTRAND	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE CHEEK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
ROMA CALATAYUD-STOCKS	DIRECTOR	1.00	Director	$0	$0	$0
DARREN ACHESON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MAESER	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE BETTS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN ASHE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HOWE STEWART	DIRECTOR	1.00	Director	$0	$0	$0
GORDY SPRENGER	DIRECTOR	1.00	Director	$0	$0	$0
JOE GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JAY IHLENFELD	DIRECTOR	1.00	Director	$0	$0	$0
JON EISENBERG	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAYTON	DIRECTOR	1.00	Director	$0	$0	$0
JEANNINE BEFIDI	DIRECTOR	1.00	Director	$0	$0	$0
JIM WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
EVAN CARRUTHERS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG BAKER	DIRECTOR	1.00	Director	$0	$0	$0
ERIK VAN KUIJK	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SNUSTAD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILGERS	DIRECTOR	1.00	Director	$0	$0	$0
MILUSKA NOVOTA	DIRECTOR	1.00	Director	$0	$0	$0
DIANE HOFSTEDE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WARFIELD	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MCQUEEN	DIRECTOR	1.00	Director	$0	$0	$0
WARREN MACK	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN ROUTHIER	DIRECTOR	1.00	Director	$0	$0	$0
LAYSHA WARD	DIRECTOR	1.00	Director	$0	$0	$0
LENI MOORE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MURRELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
LUELLA GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARGEE BRACKEN	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN CARLSON NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK COPMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY SUMNERS	DIRECTOR	1.00	Director	$0	$0	$0
MAURICE HOLLOMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY MAIN	DIRECTOR	1.00	Director	$0	$0	$0
LISA PARADIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROOS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JONES	DIRECTOR	1.00	Director	$0	$0	$0
TOM NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
TIM WELSH	DIRECTOR	1.00	Director	$0	$0	$0
TIM GEOFFRION	DIRECTOR	1.00	Director	$0	$0	$0
TIM CARL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HERR	DIRECTOR	1.00	Director	$0	$0	$0
SHAMAYNE BRAMAN	DIRECTOR	1.00	Director	$0	$0	$0
KARLA ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BREW	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
ROZ TSAI	DIRECTOR	1.00	Director	$0	$0	$0
ROCHELLE BLEASE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP ISAACSON	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
2024	$38,682,341	$45,026,578	$195,825,227	$-6,344,237
2023	$45,012,946	$45,244,361	$201,128,365	$-231,415
2022	$61,899,613	$41,548,793	$203,262,521	$20,350,820
2021	$20,377,124	$27,383,286	$197,157,638	$-7,006,162
2020	$23,588,719	$36,009,918	$187,473,763	$-12,421,199
2019	$46,740,606	$36,668,040	$196,338,719	$10,072,566
2018	$32,930,293	$39,513,664	$197,801,525	$-6,583,371

MINNESOTA ORCHESTRAL ASSOCIATION