PATRONS OF THE ARTS IN THE VATICAN MUSEUMS MINNESOTA (EIN 412012739) - 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

2001

Legal Domicile

Principal Officer

Johan van Parys

Phone

6123256467

Tax Period

2024-01-01 to 2024-12-31

PATRONS OF THE ARTS IN THE VATICAN MUSEUMS MINNESOTA, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $149K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $128K left a modest 14% surplus.

Mission

Restoration and preservation of art

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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 $150,935

Program Service Revenue $0

Investment Income $6

Other Revenue $-1,929

TOTAL REVENUE $149,012

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $0

Fundraising Expenses $935

Program Expenses $125,000

Other Expenses $3,370

TOTAL EXPENSES $128,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,012	$211,630	-0.3%
Expenses	$128,370	$217,012	-0.4%
Net Income	$20,642	$-5,382	-4.8%

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
Archbishop Bernard Hebda	Honorary Chair	0	Director	$0	$0	$0
Johan van Parys	Chair	5	Officer Director	$0	$0	$0
Deirdre Palmer	Vice Chair	1	Officer Director	$0	$0	$0
Taylor Kohl	Treasurer	2	Officer Director	$0	$0	$0
Kathy Dhaemers	Secretary	1	Officer Director	$0	$0	$0
Patrick Murphy	Social Coordinator	1	Director	$0	$0	$0
Mark DeTorre	Marketing	1	Director	$0	$0	$0
Ann DeTorre	Marketing	1	Director	$0	$0	$0
Eric Neumann	Membership	1	Director	$0	$0	$0
Lydie Stassart	Director	1	Director	$0	$0	$0
Robin Scott	Director	1	Director	$0	$0	$0
Craig Kouba	Director	1	Director	$0	$0	$0
Fr Daniel Griffith	Chaplain	1	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	No data	No data	No data	No data
2024	$149,012	$128,370	$61,069	$20,642
2023	$211,630	$217,012	$214,432	$-5,382
2022	$194,438	$233,679	$206,009	$-39,241
2020	$206,212	$206,542	$203,461	$-330

PATRONS OF THE ARTS IN THE VATICAN MUSEUMS MINNESOTA