FERGUS FALLS CENTER FOR THE ARTS INC

EIN: 411416048 501(c)(3) Arts, Culture & Humanities

FERGUS FALLS, MN

Total Revenue
$630,240
Total Expenses
$725,271
Total Assets
$518,656
Net Assets
$213,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MN
Principal Officer
ALISON OLSON
Phone
2187365453
Tax Period
2024-07-01 to 2025-06-30

FERGUS FALLS CENTER FOR THE ARTS INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $630K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $725K exceeded revenue, resulting in a 15% operating deficit.

Mission

BUILDING THE CONNECTION BETWEEN ARTIST AND AUDIENCE.

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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 $304,190
Program Service Revenue $308,947
Investment Income $5,161
Other Revenue $11,942
TOTAL REVENUE $630,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,543
Fundraising Expenses $44,274
Program Expenses $575,061
Other Expenses $548,728
TOTAL EXPENSES $725,271

Year-over-Year Comparison

2024 2023 Change
Revenue $630,240 $536,687 +0.2%
Expenses $725,271 $624,422 +0.2%
Net Income $-95,031 $-87,735 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
3
Volunteers
107

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
5
$71,067
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BURGRAFF - OUTGOING ED Executive Dir. 40.00
Officer
$71,067 $0 $71,067
ALISON OLSON President 1.00
Officer Director
$0 $0 $0
MIKE TRUDEAU Treasurer 1.00
Officer Director
$0 $0 $0
EDMUND BUJALSKI Secretary 1.00
Officer Director
$0 $0 $0
DEE BUJALSKI Director 0.50
Director
$0 $0 $0
HEATHER HUBERT Director 0.50
Director
$0 $0 $0
BRETT DELAGE Director 0.50
Director
$0 $0 $0
JEAN BOWMAN Director 0.50
Director
$0 $0 $0
JENNIFER HEGLUND Director 0.50
Director
$0 $0 $0
MARY PETTIT Director 0.50
Director
$0 $0 $0
KENDRA OLSON Director 0.50
Director
$0 $0 $0
MATT SOLIN Director 0.50
Director
$0 $0 $0
MICHAEL RANSCHT - INCOMING ED Executive Dir. 40.00
Officer
$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 $630,240 $725,271 $518,656 $-95,031
2024 $536,687 $624,422 $565,841 $-87,735
2023 $443,796 $590,686 $645,685 $-146,890
2022 $580,235 $462,422 $802,335 $117,813
2021 $338,115 $287,609 $580,081 $50,506
2020 $499,382 $426,671 $548,998 $72,711
2019 $483,461 $498,290 $452,350 $-14,829
2018 $442,552 $448,753 $867,629 $-6,201
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