THE BAKKEN (EIN 510175508) - 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

1975

Legal Domicile

Principal Officer

HEATHER WALCH

Phone

6129263878

Tax Period

2023-01-01 to 2023-12-31

THE BAKKEN, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 92% operating deficit.

Mission

TO INSPIRE A PASSION FOR INNOVATION

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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 $1,077,308

Program Service Revenue $641,100

Investment Income $-129,728

Other Revenue $2,795

TOTAL REVENUE $1,591,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,865,400

Fundraising Expenses $403,157

Program Expenses $2,114,699

Other Expenses $1,187,900

TOTAL EXPENSES $3,053,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,591,475	$1,802,676	-0.1%
Expenses	$3,053,300	$3,049,100	+0.0%
Net Income	$-1,461,825	$-1,246,424	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

175

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

$146,406

Total Directors

$146,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISSA LIGHT	PRESIDENT & CEO	40.00	Officer Director	$135,000	$11,406	$146,406
JOE IMHOLTE	EXECUTIVE VP	40.00	Highest	$104,755	$4,533	$109,288
HEATHER WALCH	CHAIR	2.50	Officer Director	$0	$0	$0
BRAD BAKKEN	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MARK VAN OSNABRUGGE	TREASURER	2.00	Officer Director	$0	$0	$0
BARB STINNETT	DIRECTOR	2.00	Director	$0	$0	$0
CARL STAMP	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE BYRD	DIRECTOR	2.00	Director	$0	$0	$0
DOUG PAULSON	DIRECTOR	2.00	Director	$0	$0	$0
DR MARY JO KREITZER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGINE L BUSCH	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER CAMPE	DIRECTOR	2.00	Director	$0	$0	$0
JEFF HILLINS	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA BURDETTE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN URIBE	DIRECTOR	2.00	Director	$0	$0	$0
LAVANYA GUNDAMARAJU	DIRECTOR	2.00	Director	$0	$0	$0
MATT BOEHLKE	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY SANFORD	DIRECTOR	2.00	Director	$0	$0	$0
PAULA SKJEFTE	DIRECTOR	2.00	Director	$0	$0	$0
RAQUEL BRISKIN	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA BERGMAN	DIRECTOR	2.00	Director	$0	$0	$0
SONG LO	DIRECTOR	2.00	Director	$0	$0	$0
STACY LYNN KROMENHOEK	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$1,591,475	$3,053,300	$16,750,957	$-1,461,825
2022	$1,802,676	$3,049,100	$16,697,297	$-1,246,424
2021	$3,559,715	$2,712,859	$18,952,079	$846,856
2020	$1,702,238	$3,547,082	$18,893,577	$-1,844,844
2019	$14,410,600	$2,962,015	$18,823,003	$11,448,585
2018	$2,456,695	$2,464,758	$7,320,834	$-8,063
2017	$1,674,005	$2,485,124	$7,376,955	$-811,119

THE BAKKEN