BOREAL COMMUNITY MEDIA

EIN: 455511340 501(c)(3) Public & Societal Benefit

GRAND MARAIS, MN

Total Revenue
$95,407
Total Expenses
$105,127
Total Assets
$165,137
Net Assets
$162,760
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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
2012
Legal Domicile
MN
Principal Officer
ANNE BRATAAS
Phone
2183879471
Tax Period
2025-01-01 to 2025-12-31

BOREAL COMMUNITY MEDIA, founded in 2012, is a micro nonprofit in the Public & Societal Benefit sector that reported $95K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $105K exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE LOCAL NEWS, INFORMATION ABOUT COMMUNITY ACTIVITIES AND CONNECTIONS TO RESIDENTS AND VISITORS.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES WEB PAGE RENTALS AND COMPUTER TECHNICAL SUPPORT TO ITS MEMBERS. THESE MEMBERS INCLUDE EDUCATIONAL INSTITUTIONS AND OTHER NONPROFIT ORGANIZATIONS, INDIVIDUALS, AND BUSINESSES...

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THE ORGANIZATION PROVIDES WEB PAGE RENTALS AND COMPUTER TECHNICAL SUPPORT TO ITS MEMBERS. THESE MEMBERS INCLUDE EDUCATIONAL INSTITUTIONS AND OTHER NONPROFIT ORGANIZATIONS, INDIVIDUALS, AND BUSINESSES WITHIN COOK COUNTY MINNESOTA. DURING THE CURRENT YEAR THE ORGANIZATION PROVIDED SERVICES TO ALMOST 1,200 MEMBERS.

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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 $515
Program Service Revenue $65,493
Investment Income $6,549
Other Revenue $22,850
TOTAL REVENUE $95,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,946
Fundraising Expenses $0
Program Expenses $86,073
Other Expenses $45,181
TOTAL EXPENSES $105,127

Year-over-Year Comparison

2025 2024 Change
Revenue $95,407 $106,322 -0.1%
Expenses $105,127 $113,514 -0.1%
Net Income $-9,720 $-7,192 +0.4%
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
5
Independent Members
5
Employees
3
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
3
$20,250
Total Directors
5
$20,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA BAUER EXECUTIVE DI 13.00
Officer Director
$20,250 $0 $20,250
ANNE BRATAAS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JEFF LATZ TREASURER 1.00
Officer Director
$0 $0 $0
LEVI LIBRA DIRECTOR 1.00
Director
$0 $0 $0
DENISE MURRAY DIRECTOR 1.00
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
2025 $95,407 $105,127 $165,137 $-9,720
2024 No data No data No data No data
2023 $91,570 $93,015 $182,974 $-1,445
2022 $93,106 $72,265 $182,378 $20,841
2021 $103,561 $66,951 $160,796 $36,610
2020 $87,718 $61,384 $124,361 $26,334
2019 $125,058 $86,976 $98,670 $38,082
2018 $169,712 $170,719 $62,123 $-1,007
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