MANDAN PROGRESS ORGANIZATION

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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

1993

Legal Domicile

Principal Officer

MATTHEW SCHANANDORE

Phone

7017512983

Tax Period

2023-01-01 to 2023-12-31

MANDAN PROGRESS ORGANIZATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $802K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

FORUM FOR BUSINESSES AND CITIZENS TO UNITE TO HELP MANDAN THRIVE AND PROVIDE EVENTS TO DRAW VISITORS TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $114,504 Revenue: $42,241

BUGGIES-N-BLUES IS HELD IN JUNE EACH YEAR AND OVER 500 CLASSIC CARS LINE MAIN STREET IN MANDAN. THE ACTIVITIES INCLUDE LIVE MUSIC AND FOOD VENDORS AND ATTENDANCE AVERAGES 25,000. OVER 25 VOLUNTEERS WORK ON THIS EVENT. LOCAL BUSINESSES ARE ENCOURAGED TO TAKE ADVANTAGE OF THE TRAFFIC ON MAIN STREET AND OFTEN HAVE SIDEWALK SALES AND SPECIAL ACTIVITIES FOR THE PUBLIC.

Program 2

Expenses: $108,373 Revenue: $170,001

THE HAUNTED FORT IS HELD FROM LATE SEPTEMBER THROUGH OCTOBER 31 AT HISTORIC FORT ABRAHAM LINCOLN. IT PROVIDES EXCITEMENT FOR OVER 7,900 ATTENDEES OF ALL AGES AND DRAWS CROWDS FROM THROUGHOUT THE...

THE HAUNTED FORT IS HELD FROM LATE SEPTEMBER THROUGH OCTOBER 31 AT HISTORIC FORT ABRAHAM LINCOLN. IT PROVIDES EXCITEMENT FOR OVER 7,900 ATTENDEES OF ALL AGES AND DRAWS CROWDS FROM THROUGHOUT THE REGION WITH HELP FROM OVER 30 VOLUNTEERS.

Program 3

Expenses: $49,867 Revenue: $54,726

MANDAN 4TH OF JULY PARADE IS HELD EACH YEAR AND BRINGS IN 100,000 PEOPLE TO THE COMMUNITY FOR RELATED ACTIVITIES, INCLUDING ART IN THE PARK, AND ALL CLASS REUNION. APPROXIMATELY 150 VOLUNTEERS HELP...

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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 (2023)

Revenue Breakdown

Contributions & Grants $497,905

Program Service Revenue $295,946

Investment Income $4,016

Other Revenue $4,150

TOTAL REVENUE $802,017

Expense Breakdown

Grants Paid $90,679

Salaries & Benefits $244,863

Fundraising Expenses $0

Program Expenses $272,744

Other Expenses $477,363

TOTAL EXPENSES $812,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$802,017	$1,151,456	-0.3%
Expenses	$812,905	$753,449	+0.1%
Net Income	$-10,888	$398,007	-1.0%

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

225

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

Total Directors

$115,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW SCHANANDORE	Executive Dir.	40.00	Director	$93,991	$0	$93,991
DEL WETSCH	EVENTS	16.00	Director	$21,663	$0	$21,663
JEFF ERICKSON	TREAS/SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC DIETRICH	EX-OFFICIO	1.00	Director	$0	$0	$0
ZAC RANISATE	PAST PRESIDENT	1.00	Director	$0	$0	$0
MADISON CERMAK	CITY REP	1.00	Director	$0	$0	$0
KELLY THOMAS	PARK REP	1.00	Director	$0	$0	$0
CHAD BARTOSH	Vice President	1.00	Officer Director	$0	$0	$0
JOHN BOLLINGER	President	1.00	Officer Director	$0	$0	$0
RYAN HEINSOHN	MEMBER	1.00	Director	$0	$0	$0
RAYMOND MORELL	Director	1.00	Director	$0	$0	$0
ANDREW STROMME	EX-OFFICIO	1.00	Director	$0	$0	$0
JANELLE HEINSOHN	EX-OFFICIO	1.00	Director	$0	$0	$0
KRISTI KRAFT	President	1.00	Officer Director	$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	No data	No data	No data	No data
2023	$802,017	$812,905	$767,942	$-10,888
2022	$1,151,456	$753,449	$755,959	$398,007
2021	$673,132	$608,058	$327,263	$65,074
2021	$673,132	$581,313	$354,008	$91,819
2020	$505,775	$544,966	$274,700	$-39,191
2019	$569,871	$605,418	$301,674	$-35,547
2018	$580,688	$599,485	$333,422	$-18,797