REGION 2 ARTS COUNCIL (EIN 411390021) - 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

1982

Legal Domicile

Principal Officer

ANNA LARSON

Phone

2187515447

Tax Period

2024-07-01 to 2025-06-30

REGION 2 ARTS COUNCIL, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $758K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

STRENGTHENING THE PRESENCE OF THE ARTS BY SUPPORTING OPPORTUNITIES FOR ARTS CREATION, PROMOTION, AND EDUCATION THROUGHOUT THE COMMUNITY IN NORTH CENTRAL MINNESOTA.

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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 $744,455

Program Service Revenue $5,200

Investment Income $7,855

Other Revenue $0

TOTAL REVENUE $757,510

Expense Breakdown

Grants Paid $429,799

Salaries & Benefits $233,230

Fundraising Expenses $0

Program Expenses $704,105

Other Expenses $88,840

TOTAL EXPENSES $751,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$757,510	$699,381	+0.1%
Expenses	$751,869	$653,249	+0.2%
Net Income	$5,641	$46,132	-0.9%

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

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

$37,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA LARSON	CHAIR	3.00	Officer Director	$0	$0	$0
TERRY BOAL LEINBACH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NANCY SCHMIDT	TREASURER	3.00	Officer Director	$0	$0	$0
SHAWNA WENDLER	SECRETARY	3.00	Officer Director	$0	$0	$0
BONNIE FRIBORG	DIRECTOR	2.00	Director	$0	$0	$0
GEORGIA CONNELLY	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE TURNER	DIRECTOR	2.00	Director	$0	$0	$0
CHELSEA OTTMAN - RAK	DIRECTOR	2.00	Director	$0	$0	$0
LINDA BROWN	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK CALDER-CARRIERE	EXECUTIVE DI	40.00	Officer	$37,500	$0	$37,500

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	$757,510	$751,869	$198,033	$5,641
2024	$699,381	$653,249	$161,637	$46,132
2023	$479,260	$572,490	$160,020	$-93,230
2021	$489,163	$471,568	$196,361	$17,595
2020	$569,965	$487,844	$193,565	$82,121
2019	$515,436	$487,724	$74,749	$27,712
2018	$391,771	$455,001	$41,723	$-63,230

REGION 2 ARTS COUNCIL