DULUTH ART INSTITUTE ASSOC (EIN 410945449) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1907

Legal Domicile

Principal Officer

CARY KOMOTO

Phone

2187337560

Tax Period

2024-01-01 to 2024-12-31

DULUTH ART INSTITUTE ASSOC, founded in 1907, is a small nonprofit in the Arts, Culture & Humanities sector that reported $626K in total revenue in fiscal year 2024. Expenses of $704K exceeded revenue, resulting in a 13% operating deficit.

Mission

RECOGNIZE, VALIDATE AND SUPPORT THE CREATION OF ART IN ALL FORMS AND ENCOURAGE PARTICIPATION AND APPRECIATION FOR ARTS IN DULUTH, MN

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $469,163

Program Service Revenue $150,171

Investment Income $94

Other Revenue $6,225

TOTAL REVENUE $625,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,460

Fundraising Expenses $12,173

Program Expenses $564,742

Other Expenses $460,648

TOTAL EXPENSES $704,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,653	$604,447	+0.0%
Expenses	$704,108	$560,310	+0.3%
Net Income	$-78,455	$44,137	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$87,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA WOODS	EXECUTIVE DI	40.00	Officer	$82,675	$5,000	$87,675
DAVID AUSTIN	BOARD	1.00	Director	$0	$0	$0
CELIA CAMERON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CLAUDIA FAITH	BOARD	1.00	Director	$0	$0	$0
OLAWOLE FAMULE	BOARD	1.00	Director	$0	$0	$0
ROGER GREGOIRE	BOARD	1.00	Director	$0	$0	$0
JULI KELLNER	TREASURER	1.00	Officer Director	$0	$0	$0
CARY KOMOTO	PRESIDENT	1.00	Officer Director	$0	$0	$0
VERN NORTHRUP	BOARD	1.00	Director	$0	$0	$0
DR PATRICIA ROGERS	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBIN WASHINGTON	PAST PRESIDE	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	$625,653	$704,108	$412,671	$-78,455
2023	$604,447	$560,310	$457,556	$44,137
2022	$442,991	$568,122	$412,976	$-125,131
2021	$410,312	$436,824	$558,114	$-26,512
2020	$439,114	$403,015	$564,832	$36,099
2019	$455,546	$497,156	$373,918	$-41,610
2018	$450,605	$462,708	$417,900	$-12,103

DULUTH ART INSTITUTE ASSOC