PERHAM CENTER FOR THE ARTS

EIN: 453527675 501(c)(3) Arts, Culture & Humanities

PERHAM, MN

Total Revenue
$204,224
Total Expenses
$86,046
Total Assets
$1,225,216
Net Assets
$1,225,216
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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
2011
Legal Domicile
MN
Principal Officer
KATIE HENNAGIR
Phone
2183716176
Tax Period
2025-01-01 to 2025-12-31

PERHAM CENTER FOR THE ARTS, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 58% operating margin.

Mission

ORGANIZATION IS ORGANIZED TO ENHANCE ART

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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 (2025)

Revenue Breakdown

Contributions & Grants $186,719
Program Service Revenue $0
Investment Income $4,653
Other Revenue $12,852
TOTAL REVENUE $204,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,872
Fundraising Expenses $0
Program Expenses $86,046
Other Expenses $78,174
TOTAL EXPENSES $86,046

Year-over-Year Comparison

2025 2024 Change
Revenue $204,224 $146,285 +0.4%
Expenses $86,046 $91,910 -0.1%
Net Income $118,178 $54,375 +1.2%
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
8
Independent Members
8
Employees
1
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN LAUGHLIN SECRETARY N/A
Director
$0 $0 $0
RYAN RUSTAD BOARD MEMBER N/A
Director
$0 $0 $0
HEIDI SWENSON BOARD MEMBER N/A
Director
$0 $0 $0
JOSH WIMMER BOARD MEMBER N/A
Director
$0 $0 $0
DOUGLAS ECKES VICE PRESIDE N/A
Officer
$0 $0 $0
JODI HALL TREASURER N/A
Officer
$0 $0 $0
KATIE HENNAGIR EXECUTIVE DI N/A
Officer
$0 $0 $0
NETTIE SCHULTZ PRESIDENT N/A
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
2025 $204,224 $86,046 $1,225,216 $118,178
2024 No data No data No data No data
2023 $318,811 $90,747 $1,052,663 $228,064
2022 $576,154 $58,107 $824,599 $518,047
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