CENTRAL SQUARE INC

EIN: 411795911 501(c)(3) Recreation & Sports

GLENWOOD, MN

Total Revenue
$798,838
Total Expenses
$740,011
Total Assets
$4,112,538
Net Assets
$2,830,076
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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

Principal Officer
JOHN STONE
Tax Period
2023-01-01 to 2023-12-31

CENTRAL SQUARE INC is a small nonprofit in the Recreation & Sports sector that reported $799K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $740K left a modest 7% surplus.

Mission

SUPPORTING THE ARTS IN WEST 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $567,711
Program Service Revenue $59,876
Investment Income $1,856
Other Revenue $169,395
TOTAL REVENUE $798,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $221,283
Fundraising Expenses $0
Program Expenses $740,011
Other Expenses $518,728
TOTAL EXPENSES $740,011

Year-over-Year Comparison

2023 2022 Change
Revenue $798,838 $1,084,923 -0.3%
Expenses $740,011 $590,682 +0.3%
Net Income $58,827 $494,241 -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

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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
25

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED HALVORSON TREASURER 5.00
Officer
$0 $0 $0
BARB KRAMBER SECRETARY 5.00
Officer
$0 $0 $0
JOHN STONE VICE PRESIDE 2.00
Officer
$0 $0 $0
LARRY ZAVADIL PRESIDENT 4.00
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
2024 No data No data No data No data
2023 $798,838 $740,011 $4,112,538 $58,827
2022 $1,084,923 $590,682 $4,049,568 $494,241
2021 $513,315 $492,041 $2,707,782 $21,274
2019 $316,497 $265,768 $1,541,103 $50,729
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