MINOT AREA COUNCIL OF THE ARTS (EIN 450344785) - 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

1973

Legal Domicile

Principal Officer

MYLES BARCOMB

Phone

7018522787

Tax Period

2022-07-01 to 2023-06-30

MINOT AREA COUNCIL OF THE ARTS, founded in 1973, is a small nonprofit that reported $482K in total revenue in fiscal year 2022. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $416K left a modest 14% surplus.

Mission

TO SERVICE ARTS ORGANIZATIONS AND COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $451,503

Program Service Revenue $23,113

Investment Income $7,236

Other Revenue $19

TOTAL REVENUE $481,871

Expense Breakdown

Grants Paid $241,166

Salaries & Benefits $65,992

Fundraising Expenses $0

Program Expenses $253,543

Other Expenses $109,335

TOTAL EXPENSES $416,493

Year-over-Year Comparison

	2022	2021	Change
Revenue	$481,871	$230,865	+1.1%
Expenses	$416,493	$146,053	+1.9%
Net Income	$65,378	$84,812	-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

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

$53,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDI MONLEY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHELSEA GLEICH	PRESIDENT	0.50	Officer Director	$0	$0	$0
TIM BAUMANN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TERRI ALDRICH	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
GREG VETTEL	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
ELLEN FENNER	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
SABRINA HERMANN	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
TRAVIS GERJETS	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
MEGAN FIXEN	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
MELINDA GOODMAN	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
RACHEL ALFARO	MEMBER-AT-LARGE	0.25	Director	$0	$0	$0
JUSTIN ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$53,130	$0	$53,130

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	No data	No data	No data	No data
2023	$481,871	$416,493	$441,560	$65,378
2022	$230,865	$146,053	$374,052	$84,812

MINOT AREA COUNCIL OF THE ARTS