FAIRMONT CONCERT ASSOCIATION

EIN: 416059252 501(c)(3)

FAIRMONT, MN

Total Revenue
$27,777
Total Expenses
$38,594
Total Assets
$17,311
Net Assets
$17,311
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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
1949
Legal Domicile
MN
Principal Officer
MARLENE DITZLER
Tax Period
2018-01-01 to 2018-12-31

FAIRMONT CONCERT ASSOCIATION, founded in 1949, is a micro nonprofit that reported $28K in total revenue in fiscal year 2018. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE PURPOSE OF THE FAIRMONT CONCERT ASSOCIATION IS TO BRING NATIONAL AND INTERNATIONAL CULTURAL EVENTS TO OUR OUTSTATE COMMUNITY THROUGH MEMBERSHIP DONATIONS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $27,777
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,362
Program Expenses $36,282
Other Expenses $38,594
TOTAL EXPENSES $38,594

Year-over-Year Comparison

2018 2017 Change
Revenue $27,777 $34,948 -0.2%
Expenses $38,594 $32,421 +0.2%
Net Income $-10,817 $2,527 -5.3%
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
30
Independent Members
30
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARLENE DITZLER PRESIDENT N/A
Officer
$0 $0 $0
ARDIS WEISS VICE PRESIDE N/A
Officer
$0 $0 $0
MARY JO MOLTZEN SECRETARY N/A
Officer
$0 $0 $0
JENNIFER TOW HDQTS SECRET N/A
Officer
$0 $0 $0
PAT BURNS MEMBERSHIP N/A
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
2018 $27,777 $38,594 $17,311 $-10,817
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