NEW YORK MILLS ARTS RETREAT

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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

1991

Legal Domicile

Principal Officer

BETSY RODER

Phone

2183853339

Tax Period

2023-01-01 to 2023-12-31

NEW YORK MILLS ARTS RETREAT, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $396K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 29% operating margin.

Mission

TO PROVIDE A MEANS BY WHICH ARTISTS, WRITERS, AND STUDENTS OF THE ARTS MAY WORK, EDUCATE, PROMOTE AND DEVELOP APPRECIATION OF ALL THE ARTS FOR THE PUBLIC AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $247,398 Revenue: $37,473

REGIONAL CULTURAL CENTER AND PROGRAMS INCLUDING A YEAR ROUND GALLERY WITH CHANGING EXHIBITS, MUSIC AND LITERARY PERFORMANCES, AN ANNUAL PHILOSOPHICAL DEBATE CALLED THE GREAT AMERICAN THINK OFF, A...

REGIONAL CULTURAL CENTER AND PROGRAMS INCLUDING A YEAR ROUND GALLERY WITH CHANGING EXHIBITS, MUSIC AND LITERARY PERFORMANCES, AN ANNUAL PHILOSOPHICAL DEBATE CALLED THE GREAT AMERICAN THINK OFF, A CITY CELEBRATION WITH FISHING AND CRAFTMANSHIP CONTESTS, A LARGE-SCALE STREET THEATER PUPPET PAGEANT, AND THE LONGEST NIGHT MUSIC FESTIVAL HELD EACH DECEMBER 21ST. ARTIST AND RESIDENCY PROGRAM TO PROVIDE VARIOUS CLASSES AND SEMINARS TO THE AREA SCHOOLS AND THE COMMUNITY AT LARGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $334,495

Program Service Revenue $37,473

Investment Income $985

Other Revenue $22,906

TOTAL REVENUE $395,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,846

Fundraising Expenses $18,689

Program Expenses $247,398

Other Expenses $141,084

TOTAL EXPENSES $281,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,859	$290,533	+0.4%
Expenses	$281,930	$233,588	+0.2%
Net Income	$113,929	$56,945	+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

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

$48,683

Total Directors

$1,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY RODER	EXEC DIRECTO	40.00	Officer	$46,483	$350	$46,833
JIM NARDELLO	TREASURER	3.00	Officer Director	$1,550	$0	$1,550
TERESA PEDERSON	FORMER TREAS	2.00	Officer Director	$300	$0	$300
SARAH CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
ALISON FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
LATHAM HETLAND	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
NICOLE LALUM	SECRETARY	2.00	Officer Director	$0	$0	$0
MINDI LARSON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PARTA	DIRECTOR/VIC	2.00	Officer Director	$0	$0	$0
KIRSTIN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MARY JO ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE PENKE VALDES	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	No data	No data	No data	No data
2023	$395,859	$281,930	$382,657	$113,929
2022	$290,533	$233,588	$244,792	$56,945
2021	$219,536	$214,631	$200,922	$4,905
2020	$266,576	$184,107	$240,295	$82,469
2019	$57,453	$200,665	$201,810	$-143,212
2018	$210,204	$195,891	$344,371	$14,313