Fargo Theatre Management Corporation (EIN 450373698) - 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

1983

Legal Domicile

Principal Officer

Emily Beck

Phone

7012398385

Tax Period

2024-06-01 to 2025-05-31

Fargo Theatre Management Corporation, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $360K, a strong 29% operating margin.

Mission

To preserve the Theatre and promote the 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $740,427

Program Service Revenue $381,327

Investment Income $23,455

Other Revenue $76,384

TOTAL REVENUE $1,221,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,627

Fundraising Expenses $216,805

Program Expenses $452,733

Other Expenses $482,626

TOTAL EXPENSES $861,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,221,593	$670,753	+0.8%
Expenses	$861,253	$735,286	+0.2%
Net Income	$360,340	$-64,533	-6.6%

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

245

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

$90,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirsten Jensen	Immediate Past President	1.00	Officer Director	$0	$0	$0
Trevor Mathew	President	1.00	Officer Director	$0	$0	$0
Cody Schuler	Vice President	1.00	Officer Director	$0	$0	$0
Janet Brandau	Secretary	1.00	Officer Director	$0	$0	$0
Steve Wood	Treasurer	1.00	Officer Director	$0	$0	$0
Mark Kolstad	Board Member	1.00	Director	$0	$0	$0
Lisa Edison-Smith	Board Member	1.00	Director	$0	$0	$0
Greg Carlson	Board Member	1.00	Director	$0	$0	$0
Veronica Michael	Board Member	1.00	Director	$0	$0	$0
Kendra O'Brien	Board Member	1.00	Director	$0	$0	$0
Danielle Erdmann	Board Member	1.00	Director	$0	$0	$0
Jane Mathew	Board Member	1.00	Director	$0	$0	$0
Christine McClellan	Board Member	1.00	Director	$0	$0	$0
Christine Hoper	Board Member as of June 2024	1.00	Director	$0	$0	$0
Austan Wellman	Board Member as of June 2024	1.00	Director	$0	$0	$0
Julie Peterson-Klein	Board Member until December 2024	1.00	Director	$0	$0	$0
Emily Beck	Executive Director	40.00	Officer	$67,400	$2,927	$70,327
Elizabeth Weekly-Dreessen	Finance Manager	10.00	Officer	$19,962	$0	$19,962

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	$1,221,593	$861,253	$2,016,423	$360,340
2024	$670,753	$735,286	$1,663,615	$-64,533
2023	$553,691	$692,782	$1,739,444	$-139,091
2022	$869,304	$650,938	$1,892,050	$218,366
2021	$339,106	$502,999	$1,671,158	$-163,893
2020	$575,279	$604,061	$1,910,136	$-28,782
2019	$591,134	$641,097	$1,929,982	$-49,963
2018	$543,461	$621,704	$2,018,897	$-78,243

Fargo Theatre Management Corporation