MID WEST MUSIC FEST (EIN 464958792) - 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

2013

Legal Domicile

Principal Officer

JACQUELINE MARCOU

Phone

6084635119

Tax Period

2022-01-01 to 2022-12-31

MID WEST MUSIC FEST, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $233K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $275K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE MUSIC AND ART IN THE WINONA, MN AND LA CROSSE, WI REGION BY CREATING OPPORTUNITIES FOR ARTISTS, STIMULATING DOWNTOWN ECONOMIC DEVELOPMENT, AND PROVIDING DIVERSE EDUCATIONAL RESOURCES FORARTISTS AND THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $119,624

Program Service Revenue $108,707

Investment Income $0

Other Revenue $4,944

TOTAL REVENUE $233,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,185

Fundraising Expenses $0

Program Expenses $275,326

Other Expenses $236,141

TOTAL EXPENSES $275,326

Year-over-Year Comparison

	2022	2021	Change
Revenue	$233,275	$201,629	+0.2%
Expenses	$275,326	$88,750	+2.1%
Net Income	$-42,051	$112,879	-1.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK BERENDES	TREASURER	1.00	Officer Director	$0	$0	$0
ERIN BLUMENTRITT	DIRECTOR	0.50	Director	$0	$0	$0
SAM BROWN	DIRECTOR	0.50	Director	$0	$0	$0
EMMA JIRELE	DIRECTOR	0.50	Director	$0	$0	$0
JACQUELINE MARCOU	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DAVID NASH	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA NORTHAM	CO-CHAIR	1.00	Officer Director	$0	$0	$0
BILL RAVEN	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SCHOLLMEIER	SECRETARY	1.00	Officer Director	$0	$0	$0
IAN THOMSON	DIRECTOR	0.50	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
2022	$233,275	$275,326	$131,333	$-42,051
2021	$201,629	$88,750	$174,572	$112,879
2019	$204,409	$219,864	$43,058	$-15,455
2018	$199,460	$200,290	$58,513	$-830

MID WEST MUSIC FEST