AITKIN COUNTY FRIENDS OF THE ARTS (EIN 411560291) - 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

1978

Principal Officer

ANGELA WEITNAUER

Phone

2185139339

Tax Period

2024-01-01 to 2024-12-31

AITKIN COUNTY FRIENDS OF THE ARTS, founded in 1978, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue surged 299% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 40% operating margin.

Mission

DEDICATED TO NURTURING, ENCOURAGING, AND SUPPORTING ARTS IN AITKIN COUNTY MN.

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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 $167,378

Program Service Revenue $79,963

Investment Income $232

Other Revenue $0

TOTAL REVENUE $247,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $150

Program Expenses $134,790

Other Expenses $148,141

TOTAL EXPENSES $148,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,573	$62,024	+3.0%
Expenses	$148,141	$12,714	+10.7%
Net Income	$99,432	$49,310	+1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA WEITNAUER	PRESIDENT	15.00	Officer Director	$0	$0	$0
PETER LOWE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHRISTINE BRIGHT MARWEDE	TREASURER	10.00	Officer Director	$0	$0	$0
SUE KORTUS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTIAN MCSHANE	PROGRAMMING	15.00	Director	$0	$0	$0
JAN CHERRY	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY GOBLE	DIRECTOR	1.00	Director	$0	$0	$0
NEDRA HENLINE	DIRECTOR	1.00	Director	$0	$0	$0
THERESA LARSON	DIRECTOR	1.00	Director	$0	$0	$0
TOM WOLDEN	DIRECTOR	3.00	Director	$0	$0	$0
BOB ZELENKA	DIRECTOR	1.00	Director	$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
2024	$247,573	$148,141	$428,306	$99,432
2023	$248,334	$72,068	$201,833	$176,266

AITKIN COUNTY FRIENDS OF THE ARTS