MINNETONKA CENTER FOR THE ARTS (EIN 410804989) - 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

1952

Legal Domicile

Principal Officer

ROXANNE L HEATON

Phone

9524737361

Tax Period

2024-07-01 to 2025-06-30

MINNETONKA CENTER FOR THE ARTS, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $4.4M represent 35 months of operating reserves.

Mission

PROVIDE VISUAL ART INSTRUCTION, EXHIBITIONS, AND CULTURAL ENRICHMENT TO ALL AGES AND INTERESTS.

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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 $494,263

Program Service Revenue $986,860

Investment Income $7,449

Other Revenue $10,955

TOTAL REVENUE $1,499,527

Expense Breakdown

Grants Paid $3,321

Salaries & Benefits $693,234

Fundraising Expenses $99,001

Program Expenses $1,145,828

Other Expenses $823,869

TOTAL EXPENSES $1,520,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,499,527	$1,303,632	+0.2%
Expenses	$1,520,424	$1,443,549	+0.1%
Net Income	$-20,897	$-139,917	-0.9%

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

$158,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SCHWERT	CHAIR	3.00	Officer Director	$0	$0	$0
GARY LASCHE	TREASURER/SECRETARY	3.00	Officer Director	$0	$0	$0
KEN ROWE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
SUSAN ADELMAN	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
JOAN SUKO	MEMBER	2.00	Director	$0	$0	$0
LORI BAUER	MEMBER	2.00	Director	$0	$0	$0
LAURA BERNSTEIN	MEMBER	2.00	Director	$0	$0	$0
JACKIE PETERSON	MEMBER	2.00	Director	$0	$0	$0
MARTHA MCLAUGHLIN	MEMBER	2.00	Director	$0	$0	$0
BARBARA MCBURNEY	MEMBER	2.00	Director	$0	$0	$0
CURT PAULSON	MEMBER	2.00	Director	$0	$0	$0
ROXANNE L HEATON	EXECUTIVE DIRECTOR	40.00	Officer	$138,306	$19,864	$158,170

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	$1,499,527	$1,520,424	$4,605,414	$-20,897
2024	$1,303,632	$1,443,549	$4,590,863	$-139,917
2023	$1,081,299	$1,333,550	$4,691,269	$-252,251
2022	$1,090,621	$1,166,142	$4,918,797	$-75,521
2021	$604,180	$594,440	$5,061,522	$9,740
2020	$1,315,272	$1,344,864	$5,042,472	$-29,592
2019	$1,870,587	$1,615,932	$5,131,770	$254,655

MINNETONKA CENTER FOR THE ARTS