GREAT RIVER EDUCATIONAL ARTS THEATRE (EIN 411909918) - 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

1998

Legal Domicile

Principal Officer

LACEY SCHIRMERS

Phone

3202582787

Tax Period

2024-09-01 to 2025-08-31

GREAT RIVER EDUCATIONAL ARTS THEATRE, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $414K, a strong 17% operating margin.

Mission

GREAT RIVER EDUCATIONAL ARTS THEATRE (GREAT) BRINGS THE COMMUNITY TOGETHER THROUGH SHARED THEATRE EXPERIENCES. WE ENSURE EVERYONE IN CENTRAL MINNESOTA WILL HAVE ACCESS TO THE TRANSFORMATIVE POWER OF THE ARTS.

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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 $1,080,066

Program Service Revenue $1,346,004

Investment Income $-2,023

Other Revenue $81,236

TOTAL REVENUE $2,505,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $864,343

Fundraising Expenses $128,199

Program Expenses $1,766,792

Other Expenses $1,227,106

TOTAL EXPENSES $2,091,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,505,283	$1,781,911	+0.4%
Expenses	$2,091,449	$1,996,223	+0.0%
Net Income	$413,834	$-214,312	-2.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

330

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

$102,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD O'BRIEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN BARTH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS KUDRNA	TREASURER	2.00	Officer Director	$0	$0	$0
KIMBERLY FOSTER	SECRETARY	2.00	Officer Director	$0	$0	$0
ERICA NGOUE	DIRECTOR	1.00	Director	$0	$0	$0
LORI GLANZ-GAMBRINO	DIRECTOR	1.00	Director	$0	$0	$0
JON NOYES	DIRECTOR	1.00	Director	$0	$0	$0
MATT TROMBLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE ARNZEN	DIRECTOR	1.00	Director	$0	$0	$0
BURKE TAGNEY	DIRECTOR	1.00	Director	$0	$0	$0
BUDDY KING	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VADNIE	DIRECTOR	1.00	Director	$0	$0	$0
JANET REAGAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA LEIGH	DIRECTOR	1.00	Director	$0	$0	$0
MANDY RUBINK	DIRECTOR	1.00	Director	$0	$0	$0
LACEY SCHIRMERS	EXECUTIVE DIRECTOR	45.00	Officer	$99,749	$3,197	$102,946

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	$2,505,283	$2,091,449	$1,766,766	$413,834
2024	$1,781,911	$1,996,223	$1,504,331	$-214,312
2023	$1,644,905	$2,234,802	$1,475,017	$-589,897
2022	$2,720,117	$2,246,428	$1,984,788	$473,689
2021	$1,298,564	$1,333,217	$2,124,043	$-34,653
2020	$1,263,282	$1,392,553	$1,838,832	$-129,271
2019	$1,568,494	$1,599,200	$1,889,770	$-30,706
2018	$1,473,213	$1,464,329	$1,847,116	$8,884

GREAT RIVER EDUCATIONAL ARTS THEATRE