PRAIRIE LAKES REGIONAL ARTS COUNCIL (EIN 411761756) - 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

1993

Legal Domicile

Principal Officer

MARK WAMMA

Phone

5078338721

Tax Period

2024-07-01 to 2025-06-30

PRAIRIE LAKES REGIONAL ARTS COUNCIL, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 3% surplus.

Mission

TO PROVIDE PROMOTION, TECHNICAL AND DEVELOPMENTAL ASSISTANCE AND GRANTS TO NON-PROFIT ARTS ORGANIZATIONS, COMMUNITY GROUPS, SCHOOLS AND INDIVIDUAL ARTISTS. THE NINE COUNTIES IN MINNESOTA SERVED ARE BLUE EARTH, BROWN, FARIBAULT, LESUEUR, MARTIN, NICOLLET, SIBLEY, WASECA AND WATONWAN.

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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 $1,030,383

Program Service Revenue $0

Investment Income $8,013

Other Revenue $7,238

TOTAL REVENUE $1,045,634

Expense Breakdown

Grants Paid $705,400

Salaries & Benefits $220,943

Fundraising Expenses $0

Program Expenses $979,925

Other Expenses $86,494

TOTAL EXPENSES $1,012,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,045,634	$954,153	+0.1%
Expenses	$1,012,837	$918,972	+0.1%
Net Income	$32,797	$35,181	-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

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

N/A

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
JULIE FORDERER	DIRECTOR	1.00	Director	$0	$0	$0
MONI HARPER	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
EMILY HEINIS	DIRECTOR	1.00	Director	$0	$0	$0
DEVON LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LOOFT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
RANDY MEDIGER	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
KJERSTIN MOODY	DIRECTOR	1.00	Director	$0	$0	$0
KERRY NAGEL-ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELA ROEMHILDT	DIRECTOR	1.00	Director	$0	$0	$0
SANDY SUNDE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE WAHL	DIRECTOR	1.00	Director	$0	$0	$0
MARK WAMMA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KOREY WOODLEY	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
2025	$1,045,634	$1,012,837	$295,429	$32,797
2024	$954,153	$918,972	$258,370	$35,181
2023	$781,166	$669,960	$212,278	$111,206
2022	$791,048	$911,085	$117,408	$-120,037
2021	$778,812	$674,797	$336,694	$104,015
2020	$718,687	$706,607	$219,651	$12,080
2019	$706,559	$709,156	$162,428	$-2,597

PRAIRIE LAKES REGIONAL ARTS COUNCIL