CENTRAL MINNESOTA ARTS BOARD (EIN 411349992) - 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

1979

Legal Domicile

Principal Officer

LESLIE HANLON

Phone

3209684290

Tax Period

2024-07-01 to 2025-06-30

CENTRAL MINNESOTA ARTS BOARD, founded in 1979, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

FUND LOCAL ARTS PROGRAMS

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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 $1,420,261

Program Service Revenue $0

Investment Income $22,050

Other Revenue $8,644

TOTAL REVENUE $1,450,955

Expense Breakdown

Grants Paid $960,172

Salaries & Benefits $366,202

Fundraising Expenses $0

Program Expenses $1,333,057

Other Expenses $113,927

TOTAL EXPENSES $1,440,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,450,955	$1,336,477	+0.1%
Expenses	$1,440,301	$1,299,873	+0.1%
Net Income	$10,654	$36,604	-0.7%

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

$199,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ELLWOODS	BOARD MEMBER	2.50	Director	$0	$0	$0
DEB VANDER EYK	BOARD MEMBER	2.50	Director	$0	$0	$0
HANS LAMMEMAN	BOARD MEMBER	2.50	Director	$0	$0	$0
PATRICIA THOMPSON	BOARD MEMBER	2.50	Director	$0	$0	$0
ABIGAIL DAVIS-NELSON	BOARD MEMBER	2.50	Director	$0	$0	$0
LESLIE LECUYER	EXECUTIVE DIRECTOR (JULY-MAR)	40.00	Officer	$99,282	$12,730	$112,012
GRETCHEN BOULKA	CHAIR	3.00	Officer	$0	$0	$0
BUDDY KING	VICE CHAIR	3.00	Officer	$0	$0	$0
TOM BERGER	SECRETARY	3.00	Officer	$0	$0	$0
LOUIS WITT	TREASURER	3.00	Officer	$0	$0	$0
LESLIE HANLON	EXECUTIVE DIRECTOR (APR-JUN)	40.00	Officer	$77,649	$9,959	$87,608

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	$1,450,955	$1,440,301	$580,296	$10,654
2024	$1,336,477	$1,299,873	$581,921	$36,604
2023	$1,128,681	$1,173,664	$549,411	$-44,983
2022	$1,088,614	$1,207,854	$714,262	$-119,240
2021	$1,092,080	$932,477	$708,281	$159,603
2020	$1,012,128	$987,373	$603,917	$24,755
2019	$1,005,078	$985,226	$449,014	$19,852
2018	$910,288	$940,487	$398,296	$-30,199

CENTRAL MINNESOTA ARTS BOARD