SOUTHWEST MINNESOTA ARTS COUNCIL (EIN 416168522) - 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

1974

Legal Domicile

Principal Officer

KRISTINE SHELSTAD

Phone

5075371471

Tax Period

2024-07-01 to 2025-06-30

SOUTHWEST MINNESOTA ARTS COUNCIL, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE FUNDS AND SERVICES TO PROMOTE AND SUPPORT THE ARTS IN THE 18 COUNTIES OF SOUTHWEST MINNESOTA.

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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 $1,017,084

Program Service Revenue $0

Investment Income $21,744

Other Revenue $6,434

TOTAL REVENUE $1,045,262

Expense Breakdown

Grants Paid $637,007

Salaries & Benefits $276,764

Fundraising Expenses $22,104

Program Expenses $970,229

Other Expenses $147,443

TOTAL EXPENSES $1,061,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,045,262	$1,106,098	-0.1%
Expenses	$1,061,214	$1,101,475	0.0%
Net Income	$-15,952	$4,623	-4.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WILMES	TREASURER	1.00	Officer Director	$0	$0	$0
MARK THODE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE KOTELNICKI	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN KINSINGER	DIRECTOR	1.00	Director	$0	$0	$0
EUNICE WOODBERRY	AT LARGE	1.00	Officer Director	$0	$0	$0
GEORGETTE JONES	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE SHELSTAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL AVENEL-NAVARA	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ANNA JOHANNSEN	DIRECTOR	1.00	Director	$0	$0	$0
TETTA ASKELAND	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MATA	DIRECTOR	1.00	Director	$0	$0	$0
ANA SERRANO	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
LISA HILL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH EVANS	DIRECTOR	1.00	Director	$0	$0	$0
TIM PEHRSON	DIRECTOR	1.00	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	$1,045,262	$1,061,214	$719,921	$-15,952
2024	$1,106,098	$1,101,475	$550,485	$4,623
2023	$978,911	$981,718	$518,906	$-2,807
2022	$1,000,524	$1,004,828	$626,781	$-4,304
2021	$805,699	$810,310	$736,479	$-4,611
2020	$864,718	$867,485	$581,059	$-2,767
2019	$933,811	$912,511	$572,943	$21,300

SOUTHWEST MINNESOTA ARTS COUNCIL