Mankato Area Arts Council

🔒

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

1979

Legal Domicile

Principal Officer

Shannon Sinning

Phone

5076252730

Tax Period

2024-07-01 to 2025-06-30

Mankato Area Arts Council, founded in 1979, is a micro nonprofit that reported $85K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 216% operating deficit.

Mission

The mission of the Mankato Area Arts Council, DBA Carnegie Art Center, is to be a vibrant community destination that inspires, nurtures, and expands artistic, cultural, and educational experiences.

Program Service Accomplishments

Program 1

Expenses: $211,931 Revenue: $3,414

The organization provides a production of rotating, visual art exhibits featuring approximately 500 pieces of art by over 160 Southern Minnesota artists for the benefit of nearly 2,500 audience...

The organization provides a production of rotating, visual art exhibits featuring approximately 500 pieces of art by over 160 Southern Minnesota artists for the benefit of nearly 2,500 audience participants per year.

Program 2

Expenses: $1,751 Revenue: $1,200

The organization offer arts education experiences for participants of all ages.

Program 3

Revenue: $10,770

The organization provides affordable art studio spaces for local practicing artists.

🔒

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 $39,230

Program Service Revenue $15,384

Investment Income $12,494

Other Revenue $17,792

TOTAL REVENUE $84,900

Expense Breakdown

Grants Paid $400

Salaries & Benefits $84,438

Fundraising Expenses $0

Program Expenses $216,515

Other Expenses $183,633

TOTAL EXPENSES $268,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,900	$178,379	-0.5%
Expenses	$268,471	$165,296	+0.6%
Net Income	$-183,571	$13,083	-15.0%

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

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

$62,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Sinning	President	6.00	Officer Director	$0	$0	$0
Heather Clark-Esser	Vice President	6.00	Officer Director	$0	$0	$0
Christopher Austin	Treasurer	6.00	Officer Director	$0	$0	$0
Robin Wingo	Secretary	5.00	Officer Director	$0	$0	$0
Mohamed Alsadig	Director	5.00	Director	$0	$0	$0
Robin Becker	Director	5.00	Director	$0	$0	$0
Jessica Blais	Director	5.00	Director	$0	$0	$0
Jae Carpenter	Director	5.00	Director	$0	$0	$0
Bradley Coulter	Director	5.00	Director	$0	$0	$0
Brenda Flannery	Director	5.00	Director	$0	$0	$0
David Ryan	Director	5.00	Director	$0	$0	$0
Criag Groe	Director	5.00	Director	$0	$0	$0
Charles Leftridge	Executive Director	40.00	Officer	$62,654	$0	$62,654

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	$84,900	$268,471	$1,090,277	$-183,571
2024	No data	No data	No data	No data
2023	$143,772	$102,781	$1,260,379	$40,991
2022	$550,733	$57,010	$1,217,899	$493,723
2021	$37,956	$30,989	$724,176	$6,967
2020	$62,873	$48,819	$717,209	$14,054
2019	$80,051	$76,159	$703,155	$3,892
2018	$102,763	$71,345	$699,263	$31,418