Bloomington Theatre and Art Center

EIN: 411295187 501(c)(3) Arts, Culture & Humanities

Bloomington, MN

Total Revenue
$1,665,093
Total Expenses
$1,708,469
Total Assets
$80,653
Net Assets
$-573,585
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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
1976
Legal Domicile
MN
Principal Officer
Kelli Foster Warder
Phone
9525638575
Tax Period
2024-07-01 to 2025-06-30

Bloomington Theatre and Art Center, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

Strongly committed to bringing vibrant and diverse arts experiences and learning to our 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $607,668
Program Service Revenue $1,029,094
Investment Income $0
Other Revenue $28,331
TOTAL REVENUE $1,665,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $880,979
Fundraising Expenses $117,881
Program Expenses $1,224,067
Other Expenses $827,490
TOTAL EXPENSES $1,708,469

Year-over-Year Comparison

2024 2023 Change
Revenue $1,665,093 $2,236,510 -0.3%
Expenses $1,708,469 $2,346,896 -0.3%
Net Income $-43,376 $-110,386 -0.6%
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

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Governance

Voting Members
12
Independent Members
12
Employees
115
Volunteers
162

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
4
$83,732
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan Rogers President 1.00
Officer Director
$0 $0 $0
Arthur C Turner III Vice President 1.00
Officer Director
$0 $0 $0
Shelley Peterson Treasurer 1.00
Officer Director
$0 $0 $0
Craig Ashby Board Member 1.00
Director
$0 $0 $0
Jane Chronister Board Member 1.00
Director
$0 $0 $0
Carena Crowell-Chambers Board Member 1.00
Director
$0 $0 $0
Matt Dymoke Board Member 1.00
Director
$0 $0 $0
Laura Leung Board Member 1.00
Director
$0 $0 $0
Paul Niederberger Board Member 1.00
Director
$0 $0 $0
Karen Nordstrom Board Member 1.00
Director
$0 $0 $0
Johanna Rian Board Member 1.00
Director
$0 $0 $0
Cheri Rolnick Board Member 1.00
Director
$0 $0 $0
Kelli Foster Warder Executive Director 40.00
Officer
$83,732 $0 $83,732
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 $1,665,093 $1,708,469 $80,653 $-43,376
2024 $2,236,510 $2,346,896 $64,835 $-110,386
2023 $2,282,622 $1,963,731 $91,759 $318,891
2022 $2,034,697 $2,627,741 $127,906 $-593,044
2021 $660,161 $1,022,440 $275,366 $-362,279
2020 $1,529,131 $1,856,716 $570,526 $-327,585
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