MINOT SYMPHONY ASSOCIATION INC

EIN: 450282975 501(c)(3) Arts, Culture & Humanities

MINOT, ND

Total Revenue
$271,643
Total Expenses
$202,462
Total Assets
$1,135,694
Net Assets
$1,102,206
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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
1965
Legal Domicile
ND
Principal Officer
PATRICK SCHWAN
Phone
7018584228
Tax Period
2023-07-01 to 2024-06-30

MINOT SYMPHONY ASSOCIATION INC, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $272K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 25% operating margin.

Mission

TO PRESENT PEOPLE WITH THE OPPORTUNITY TO EXPERIENCE SYMPHONY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $91,941
Program Service Revenue $77,506
Investment Income $44,478
Other Revenue $57,718
TOTAL REVENUE $271,643

Expense Breakdown

Grants Paid $1,700
Salaries & Benefits $64,513
Fundraising Expenses $0
Program Expenses $116,493
Other Expenses $136,249
TOTAL EXPENSES $202,462

Year-over-Year Comparison

2023 2022 Change
Revenue $271,643 $163,257 +0.7%
Expenses $202,462 $188,655 +0.1%
Net Income $69,181 $-25,398 -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

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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
16
Independent Members
16
Employees
N/A
Volunteers
173

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
$55,200
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT SCHWAN PRESIDENT 1.50
Officer Director
$0 $0 $0
CRAIG ERAAS VICE PRESIDENT 1.50
Officer Director
$0 $0 $0
SUSAN PODYGULA DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL HEIL TREASURER 1.50
Officer Director
$0 $0 $0
JOY-NICOLE SMITH DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE BASSLER DIRECTOR 0.50
Director
$0 $0 $0
ANN CADWALADER DIRECTOR 0.50
Director
$0 $0 $0
PAULETTE DAILEY DIRECTOR 0.50
Director
$0 $0 $0
JESSICA EGGE DIRECTOR 0.50
Director
$0 $0 $0
DIANE LAUTT DIRECTOR 0.50
Director
$0 $0 $0
JOHN JERMIASON DIRECTOR 0.50
Director
$0 $0 $0
PAM JUNDT DIRECTOR 0.50
Director
$0 $0 $0
KELI ROSELLI-SULLIVAN DIRECTOR 0.50
Director
$0 $0 $0
LAURIE VERBITSKY DIRECTOR 0.50
Director
$0 $0 $0
TONIA VITKO DIRECTOR 0.50
Director
$0 $0 $0
DUSTY ZIMMERMAN SECRETARY 1.50
Officer Director
$0 $0 $0
ELLEN FENNER EXECUTIVE DIRECTOR 20.00
Officer
$55,200 $0 $55,200
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 $271,643 $202,462 $1,135,694 $69,181
2023 $163,257 $188,655 $976,826 $-25,398
2022 $322,113 $197,262 $944,661 $124,851
2021 $245,564 $105,466 $970,227 $140,098
2020 $185,271 $138,849 $774,041 $46,422
2019 $191,854 $153,998 $735,842 $37,856
2018 $191,174 $145,350 $687,597 $45,824
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