MINNESOTA CITIZENS FOR THE ARTS INC (EIN 411262965) - 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

1975

Legal Domicile

Principal Officer

SARAH FOSSEN

Phone

6512510868

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA CITIZENS FOR THE ARTS INC, founded in 1975, is a small nonprofit that reported $512K in total revenue in fiscal year 2023. Expenses of $478K left a modest 7% surplus.

Mission

TO INFORM VOTERS AND LEGISLATURE OF ISSUES INVOLVING THE ARTS, PROMOTE THE ENJOYMENT OF THE ARTS, ENSURE RESIDENTS ARE EDUCATED IN THE ARTS.

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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 $500,346

Program Service Revenue $0

Investment Income $2,114

Other Revenue $10,000

TOTAL REVENUE $512,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,167

Fundraising Expenses $36,086

Program Expenses $374,951

Other Expenses $205,411

TOTAL EXPENSES $477,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$512,460	$505,644	+0.0%
Expenses	$477,578	$522,601	-0.1%
Net Income	$34,882	$-16,957	-3.1%

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

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

$159,670

Total Directors

$159,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE MILLER BURNS	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL ROBINS	BOARD MEMBER	3.00	Director	$0	$0	$0
LESLIE LECUYER	SECRETARY, EXECUTIVE	3.00	Officer Director	$0	$0	$0
DANA SIKKILA	BOARD MEMBER	3.00	Director	$0	$0	$0
SHEILA TERRYLL	BOARD MEMBER	3.00	Director	$0	$0	$0
SHEILA DICKINSON	BOARD MEMBER	3.00	Director	$0	$0	$0
MORGAN BAUM	EXECUTIVE CHAIR	3.00	Director	$0	$0	$0
DANIEL ZIELSKE	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL-JON PEASE	BOARD MEMBER	3.00	Director	$0	$0	$0
ROSS WILLITS	FORMER EXECUTIVE CHAIR	3.00	Director	$0	$0	$0
TAMARA NADEL	VICE-CHAIR, EXECUTIVE	3.00	Director	$0	$0	$0
LATIA CHILDERS	BOARD MEMBER	3.00	Director	$0	$0	$0
GAO HONG	BOARD MEMBER	3.00	Director	$0	$0	$0
KATHY MOUACHEUPAO	BOARD MEMBER	3.00	Director	$0	$0	$0
TAMMY MAKRAM	BOARD MEMBER	3.00	Director	$0	$0	$0
ALANA PETERSEN	BOARD MEMBER	3.00	Director	$0	$0	$0
SARAH FOSSEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$154,953	$4,717	$159,670
STEVE BARBERIO	BOARD MEMBER	3.00	Director	$0	$0	$0
JEAN FOURNIER	BOARD MEMBER	3.00	Director	$0	$0	$0
KAREN GRAY	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER HALCROW	BOARD MEMBER	3.00	Director	$0	$0	$0
BILL MILLER	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN ROTH	BOARD MEMBER	3.00	Director	$0	$0	$0
CHARLES SKRIEF	BOARD MEMBER	3.00	Director	$0	$0	$0
BEN VANDER KOOI JR	BOARD MEMBER	3.00	Director	$0	$0	$0
SANDY BOREN-BARRETT	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
MICHAEL ALBERTI	BOARD MEMBER	3.00	Director	$0	$0	$0
CHERYL BANNES	BOARD MEMBER	3.00	Director	$0	$0	$0
EYENGA BOKAMBA	BOARD MEMBER	3.00	Director	$0	$0	$0
ELIZABETH BAYER	BOARD MEMBER	3.00	Director	$0	$0	$0
KYLE CARPENTER	EXECUTIVE, TREASURER	3.00	Officer Director	$0	$0	$0
LAURA CEDARBURG	BOARD MEMBER	3.00	Director	$0	$0	$0
MARIE CHAN	EXECUTIVE, BOARD MEMBER	3.00	Officer Director	$0	$0	$0
REBECCA GRAVES	BOARD MEMBER	3.00	Director	$0	$0	$0
MARA HANEL	BOARD MEMBER	3.00	Director	$0	$0	$0
JUDY HAWKINSON	BOARD MEMBER	3.00	Director	$0	$0	$0
WENDY JOURDAIN	BOARD MEMBER	3.00	Director	$0	$0	$0
CHARLIE LEFTRIDGE	BOARD MEMBER	3.00	Director	$0	$0	$0
STACEY MICKELSON	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDREA MOKROS	BOARD MEMBER	3.00	Director	$0	$0	$0
ANH-THU PHAM	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNA POLLOCK	BOARD MEMBER	3.00	Director	$0	$0	$0
SCOTT POLLOCK	BOARD MEMBER	3.00	Director	$0	$0	$0
KARI SCHLONER	BOARD MEMBER	3.00	Director	$0	$0	$0
ROB THOMAS	BOARD MEMBER	3.00	Director	$0	$0	$0
MARK ALBERS	BOARD MEMBER	3.00	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	No data	No data	No data	No data
2024	$512,460	$477,578	$298,340	$34,882
2023	$505,644	$522,601	$217,869	$-16,957
2022	$662,913	$666,199	$220,677	$-3,286
2021	$532,773	$493,581	$233,271	$39,192
2020	$517,770	$499,638	$190,849	$18,132
2019	$544,269	$528,677	$165,775	$15,592
2018	$488,260	$477,594	$151,465	$10,666

MINNESOTA CITIZENS FOR THE ARTS INC