FARGO-MOORHEAD ORCHESTRAL ASSOCIAT… - Form 990 Financial Data

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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

1931

Legal Domicile

Principal Officer

LUCAS WOOD

Phone

7014783676

Tax Period

2024-06-01 to 2025-05-31

FARGO-MOORHEAD ORCHESTRAL ASSOCIATION, founded in 1931, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $239K, a strong 20% operating margin.

Mission

TO ENRICH OUR COMMUNITY THROUGH THE POWER OF LIVE MUSIC THAT EDUCATES, ENTERTAINS, AND INSPIRES. OUR GOALS SPAN EDUCATION AND ENGAGEMENT PROGRAMS, BEING A STRONG VOICE FOR THE ARTS THROUGH OUR ADVOCACY EFFORTS, FOCUSING ON THE ARTISTIC QUALITY OF THE ORCHESTRA, AND STRENGTHENING OUR FISCAL GROWTH AND SUSTAINABILITY.

Program Service Accomplishments

Program 1

Expenses: $642,328 Revenue: $275,579

MASTERWORKS CONCERTS ACHIEVES PROVIDING HIGH-QUALITY PERFORMANCES OF TRADITIONAL AND NEW ORCHESTRAL REPERTOIRE TO THE COMMUNITY. CHAMBER CONCERT SERIES PROVIDES SHORTER, LESS FORMAL PERFORMANCES BY SMALL ENSEMBLES OF FMSO MUSICIANS. YOUNG ARTISTS SOLO COMPETITION HELPS US ACHIEVE THE EDUCATIONAL PORTION OF OUR MISSION BY ENCOURAGING AND REWARDING EXCELLENCE IN YOUNG MUSICIANS.

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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 $823,331

Program Service Revenue $275,579

Investment Income $59

Other Revenue $94,698

TOTAL REVENUE $1,193,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,993

Fundraising Expenses $100,608

Program Expenses $642,328

Other Expenses $720,105

TOTAL EXPENSES $955,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,193,667	$832,572	+0.4%
Expenses	$955,098	$923,551	+0.0%
Net Income	$238,569	$-90,979	-3.6%

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

$87,448

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGIE BAILLY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT STEINMETZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANNE KAESE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GARDEN-ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SIRI THADEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE KOST	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER TACKLING	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN ZIETZ	CHAIR	1.00	Officer Director	$0	$0	$0
COLE MERCIER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ADAMS	TREASURER	1.00	Officer Director	$0	$0	$0
JANE LINDE CAPISTRAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY BREKKE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COX	DIRECTOR	1.00	Director	$0	$0	$0
JON BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOHNSON	PAST CHAIR	1.00	Director	$0	$0	$0
MEGAN BARTHOLOMAY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ASTRUP	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA KELLOGG	DIRECTOR	1.00	Director	$0	$0	$0
MINDY HEITKAMP	INTERIM EXE DIRECTOR (06/01-12/31)	40.00	Officer	$77,600	$9,848	$87,448
LUCAS WOOD	EXECUTIVE DIRECTOR (STARTED MAY 2025)	40.00	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
2025	$1,193,667	$955,098	$384,413	$238,569
2024	$832,572	$923,551	$124,917	$-90,979
2023	$595,822	$829,848	$188,987	$-234,026
2022	$828,935	$748,144	$390,819	$80,791
2021	$491,216	$532,965	$382,297	$-41,749
2020	$755,692	$710,602	$455,816	$45,090
2019	$615,274	$783,737	$368,996	$-168,463
2018	$664,628	$796,400	$532,388	$-131,772

FARGO-MOORHEAD ORCHESTRAL ASSOCIATION