HENNEPIN THEATRE TRUST (EIN 412017278) - 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

2000

Legal Domicile

Principal Officer

TODD DUESING

Phone

6124559500

Tax Period

2023-07-01 to 2024-06-30

HENNEPIN THEATRE TRUST, founded in 2000, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $38.9M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

HENNEPIN THEATRE TRUST DRIVES CULTURAL AND ECONOMIC VITALITY IN MINNESOTA THROUGH LEADERSHIP OF THE DYNAMIC HENNEPIN THEATRE DISTRICT HENNEPIN THEATRE TRUST PROTECTS AND PRESERVES THE IMPORTANT HISTORIC THEATRE DISTRICT IN DOWNTOWN MINNEAPOLIS AND EDUCATIONAL PROGRAMMING THAT REACHES EVERY AREA OF THE STATE.

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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 $4,991,513

Program Service Revenue $33,287,543

Investment Income $503,412

Other Revenue $143,104

TOTAL REVENUE $38,925,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,047,105

Fundraising Expenses $1,372,917

Program Expenses $33,686,202

Other Expenses $34,198,741

TOTAL EXPENSES $39,245,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,925,572	$45,087,488	-0.1%
Expenses	$39,245,846	$44,967,320	-0.1%
Net Income	$-320,274	$120,168	-3.7%

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

$345,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MOKROS	CHAIR	1.00	Officer Director	$0	$0	$0
DAN TENENBAUM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RYAN JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA HART KAJER	SECRETARY	1.00	Officer Director	$0	$0	$0
TRAVIS BARKVE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MARIE BECKER	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY BIWER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BRIN	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BUOEN	DIRECTOR	1.00	Director	$0	$0	$0
GERARDO CASAHONDA	DIRECTOR	1.00	Director	$0	$0	$0
AL COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE ENGDAHL	DIRECTOR	1.00	Director	$0	$0	$0
BECKY FOY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN GULLICKSON	DIRECTOR	1.00	Director	$0	$0	$0
JAYNE HAUGEN OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KWIAT	DIRECTOR	1.00	Director	$0	$0	$0
JAY NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS GIAMBELLUCA	DIRECTOR	1.00	Director	$0	$0	$0
DORRAINE LARISON	DIRECTOR	1.00	Director	$0	$0	$0
SUE ROSS	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN TENNANT	DIRECTOR	1.00	Director	$0	$0	$0
BRET WEISS	DIRECTOR	1.00	Director	$0	$0	$0
TODD DUESING	PRESIDENT/CEO	40.00	Officer	$180,000	$10,146	$190,146
HEATHER MCGANNON	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$83,335	$0	$83,335
MARK NERENHAUSEN	PRESIDENT/CEO (THROUGH 09/23)	40.00	Officer	$66,250	$5,350	$71,600
LISA KROHN	DIRECTOR OF BOOKING	40.00	Highest	$122,000	$17,420	$139,420
REBECCA HADDAD	DIR. OF DEVELOPMENT	40.00	Highest	$140,000	$5,600	$145,600
EMMA LYNN BAUER	DIR. OF EXTERNAL RELATIONS	40.00	Highest	$113,000	$10,220	$123,220

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	$38,925,572	$39,245,846	$37,112,943	$-320,274
2023	$45,087,488	$44,967,320	$31,851,113	$120,168
2022	$37,437,348	$28,432,083	$31,187,926	$9,005,265
2021	$4,825,873	$5,551,654	$22,588,604	$-725,781
2020	$19,682,288	$20,521,981	$24,225,463	$-839,693
2019	$49,465,673	$47,410,068	$25,133,806	$2,055,605
2018	$30,489,068	$27,965,140	$23,836,955	$2,523,928

HENNEPIN THEATRE TRUST