NATIONS INC

EIN: 464345643 501(c)(3)

AITKIN, MN

Total Revenue
$348,283
Total Expenses
$1,180,619
Total Assets
$1,702,752
Net Assets
$126,362
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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
2013
Legal Domicile
IA
Principal Officer
Aaron McCann
Tax Period
2020-01-01 to 2020-12-31

NATIONS INC, founded in 2013, is a small nonprofit that reported $348K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 239% operating deficit.

Mission

Nations mission is to bring economic development to impoverished and low income communities thru its fund generating programs in entertainment fund raising, festival sponsorship fund raising that both promote renewable and sustainable responsibility formats in accordance to our charter. Nations has sponsored 60+ events since its launch via its nine product sets and ticketing software services.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $334,850
Investment Income $0
Other Revenue $13,433
TOTAL REVENUE $348,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $907,550
Fundraising Expenses $0
Program Expenses $118,239
Other Expenses $273,069
TOTAL EXPENSES $1,180,619

Year-over-Year Comparison

2020 2019 Change
Revenue $348,283 $10,697,040 -1.0%
Expenses $1,180,619 $6,084,415 -0.8%
Net Income $-832,336 $4,612,625 -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
3
Independent Members
N/A
Employees
12
Volunteers
12

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
$72,000
Total Directors
0
$0
Key Employees
12
$525,910
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sherry McCann Chair 40.00
Officer
$0 $24,000 $24,000
Dr Tateum Mattingly Treasurer 40.00
Officer
$0 $24,000 $24,000
Brooke Olsen Secretary 40.00
Officer
$0 $24,000 $24,000
Jeff Blanchette Director 40.00
Key Emp
$62,000 $0 $62,000
Aaron McCann Executive Director 40.00
Key Emp
$0 $24,000 $24,000
Ava Doran Marketing Director 40.00
Key Emp
$12,000 $0 $12,000
Ashley Hellrung Box Office Manager 40.00
Key Emp
$43,560 $0 $43,560
Kelly Heathcote Sound & Stage Manager 40.00
Key Emp
$0 $0 $0
Doug Thornton Stage & Security Manager 40.00
Key Emp
$95,000 $0 $95,000
Jon Blanchette Promotor 40.00
Key Emp
$38,500 $0 $38,500
Rick Campbell Promotor Stage Manager 40.00
Key Emp
$65,400 $0 $65,400
John Farrell Production 40.00
Key Emp
$33,050 $0 $33,050
William Forder Engineer 40.00
Key Emp
$65,000 $0 $65,000
JazzDust Agency 40.00
Key Emp Highest
$87,400 $0 $87,400
Sherry Doran Booker 40.00
Key Emp
$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
2020 $348,283 $1,180,619 $1,702,752 $-832,336
2019 $10,697,040 $6,084,415 $8,312,833 $4,612,625
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