RED WING ARTS ASSOCIATION (EIN 416039135) - 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

1951

Legal Domicile

Principal Officer

EMILY FOOS

Tax Period

2023-01-01 to 2023-12-31

RED WING ARTS ASSOCIATION, founded in 1951, is a small nonprofit in the Arts, Culture & Humanities sector that reported $819K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $977K exceeded revenue, resulting in a 19% operating deficit.

Mission

Our mission is to build a vibrant community fueled by the arts. We enrich lives by connecting, celebrating, inspiring, and leading through shared art experiences. Our vision is a community alive with creativity.

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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 $645,350

Program Service Revenue $112,065

Investment Income $378

Other Revenue $61,031

TOTAL REVENUE $818,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,331

Fundraising Expenses $33,436

Program Expenses $792,157

Other Expenses $617,902

TOTAL EXPENSES $977,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$818,824	$718,121	+0.1%
Expenses	$977,233	$925,774	+0.1%
Net Income	$-158,409	$-207,653	-0.2%

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

150

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

$74,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY FOOS	Executive Director	40.00	Officer	$68,075	$6,000	$74,075
JASON REDDING	Director	0.10	Director	$0	$0	$0
MAGGIE PAYNTER	Director	0.10	Director	$0	$0	$0
IAN SCHEERER	Director	0.10	Director	$0	$0	$0
JULIE JACOBS	Director	0.10	Director	$0	$0	$0
KRIS TOEGEL	Director	0.10	Director	$0	$0	$0
LEAH BUYSSE	Director	0.10	Director	$0	$0	$0
RACHEL MCWITHEY	Chair	0.10	Officer Director	$0	$0	$0
KIRSTEN FORD	Vice Chair	0.10	Officer Director	$0	$0	$0
PAM HORLITZ	Secretary	0.10	Officer Director	$0	$0	$0
JERRY OLSON	Treasuer	0.10	Officer 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
2024	No data	No data	No data	No data
2023	$818,824	$977,233	$282,637	$-158,409
2022	$718,121	$925,774	$371,905	$-207,653
2021	$305,989	$364,169	$563,112	$-58,180
2020	$172,093	$180,002	$90,135	$-7,909
2019	$245,968	$266,281	$86,618	$-20,313

RED WING ARTS ASSOCIATION