CHILDRENS MUSEUM OF MINOT INC (EIN 472227734) - 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

2014

Legal Domicile

Principal Officer

MIKE MCCLOUD

Phone

7018587529

Tax Period

2023-01-01 to 2023-12-31

CHILDRENS MUSEUM OF MINOT INC, founded in 2014, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.1M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 35% operating margin.

Mission

THE MISSION OF THE CHILDREN'S MUSEUM OF MINOT, INC. DBA MAGIC CITY DISCOVERY CENTER IS TO ENGAGE CHILDREN AND FAMILIES IN THE MAGIC OF LIFELONG LEARNING THROUGH DISCOVERY, CREATIVITY, AND PLAY.

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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 $19,735,054

Program Service Revenue $311,968

Investment Income $0

Other Revenue $18,849

TOTAL REVENUE $20,065,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $569,446

Fundraising Expenses $79,317

Program Expenses $12,860,213

Other Expenses $12,540,770

TOTAL EXPENSES $13,110,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,065,871	$8,425,466	+1.4%
Expenses	$13,110,216	$491,580	+25.7%
Net Income	$6,955,655	$7,933,886	-0.1%

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

100

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

$67,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY ECKMANN	DIRECTOR	1.00	Director	$0	$0	$0
TERESA LOFTESNESS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE GAHRING	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
RIANNE KUHN	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI SUPER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA TRAVNICEK	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SCHWENGLER	PRESIDENT	1.00	Officer	$0	$0	$0
MELISSA STANLEY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DEBRA HOFFARTH	SECRETARY	1.00	Officer	$0	$0	$0
MARLYS MAGNUSON	TREASURER	1.00	Officer	$0	$0	$0
WENDY KELLER	EXECUTIVE DIRECTOR	55.00	Officer	$58,618	$8,695	$67,313

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	$20,065,871	$13,110,216	$22,547,507	$6,955,655
2022	$8,425,466	$491,580	$16,359,031	$7,933,886
2021	$5,178,685	$2,223,276	$8,405,291	$2,955,409
2020	$1,061,548	$203,725	$4,426,159	$857,823
2019	$1,478,746	$345,537	$3,583,981	$1,133,209
2018	$2,670,316	$246,017	$2,434,051	$2,424,299

CHILDRENS MUSEUM OF MINOT INC