BISMARCK ART & GALLERIES ASSOCIATIO

EIN: 450372046 501(c)(3) Arts, Culture & Humanities

BISMARCK, ND

Total Revenue
$235,405
Total Expenses
$244,578
Total Assets
$518,830
Net Assets
$511,776
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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
1983
Principal Officer
NATE PALCZEWSKI
Phone
7012235986
Tax Period
2024-01-01 to 2024-12-31

BISMARCK ART & GALLERIES ASSOCIATIO, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $512K represent 26 months of operating reserves.

Mission

PROMOTE FINE ARTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $101,764
Program Service Revenue $80,668
Investment Income $3,566
Other Revenue $49,407
TOTAL REVENUE $235,405

Expense Breakdown

Grants Paid $12,864
Salaries & Benefits $107,063
Fundraising Expenses $1,455
Program Expenses $71,138
Other Expenses $124,651
TOTAL EXPENSES $244,578

Year-over-Year Comparison

2024 2023 Change
Revenue $235,405 $200,958 +0.2%
Expenses $244,578 $198,121 +0.2%
Net Income $-9,173 $2,837 -4.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
4
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
9
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARE CARLSON DIRECTOR 1.00
Officer
$0 $0 $0
MELISSA GORDON SECRETARY 1.00
Officer
$0 $0 $0
MADONNA GUENTHNER DIRECTOR 1.00
Officer
$0 $0 $0
KYLE HARTMAN OFFICER 1.00
Officer
$0 $0 $0
MARTHA HOLZER PAST PRESIDE 1.00
Officer
$0 $0 $0
SHERRY NEISAR DIRECTOR 1.00
Officer
$0 $0 $0
NATE PALCZEWSKI PRESIDENT 1.00
Officer
$0 $0 $0
PAIGE PEDERSON VICE PRESIDE 1.00
Officer
$0 $0 $0
MARK ZIMMERMAN DIRECTOR 1.00
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
2024 $235,405 $244,578 $518,830 $-9,173
2023 $200,958 $198,121 $529,863 $2,837
2022 $207,529 $206,082 $523,041 $1,447
2021 $253,034 $198,296 $523,018 $54,738
2020 $203,853 $205,403 $477,485 $-1,550
2019 $180,438 $195,626 $468,664 $-15,188
2018 $212,015 $216,747 $486,021 $-4,732
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