BISMARCK-MANDAN ORCHESTRAL ASSOCIATION (EIN 510188161) - 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

1976

Legal Domicile

Principal Officer

LORI FINKEN

Phone

7012043545

Tax Period

2024-06-01 to 2025-05-31

BISMARCK-MANDAN ORCHESTRAL ASSOCIATION, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $353K in total revenue in fiscal year 2024.

Mission

TO ENHANCE THE QUALITY OF LIFE IN CENTRAL AND WESTERN NORTH DAKOTA THROUGH MUSIC WITH INNOVATIVE ARTISTIC AND EDUCATIONAL PROGRAMMING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $191,378

Program Service Revenue $161,089

Investment Income $38

Other Revenue $818

TOTAL REVENUE $353,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,325

Fundraising Expenses $10,601

Program Expenses $288,709

Other Expenses $245,924

TOTAL EXPENSES $357,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$353,323	$371,459	0.0%
Expenses	$357,249	$375,782	0.0%
Net Income	$-3,926	$-4,323	-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

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

$12,908

Total Directors

$80,586

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAINE JOHNSON	BOARD MEMBER	4.00	Director	$0	$0	$0
MIKE GARDNER	SECRETARY/EXECUTIVE DIRECT	2.00	Officer Director	$11,948	$0	$11,948
LORI FINKEN	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID BORLAUG	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RHETT PAUL	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE FLADELAND	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL SINNESS	BOARD MEMBER/BMSO ORCHESTR	2.00	Director	$0	$0	$0
BEVERLY EVERETT	BOARD MEMBER/ MUSIC DIRECT	2.00	Director	$54,850	$11,673	$66,523
BETHANY ANDRIST	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN DARLING	PRESIDENT	2.00	Officer Director	$960	$0	$960
MELISSA SHEETS-NYGARD	BOARD MEMBER / BMSO ORCHES	2.00	Director	$1,155	$0	$1,155
GABRIELLE ABOUASSALY	BOARD MEMBER	2.00	Director	$0	$0	$0
NIKHIL KALOTHIA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOEL WALTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA BLESSUM	BOARD MEMBER	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
2025	$353,323	$357,249	$11,044	$-3,926
2024	$371,459	$375,782	$19,783	$-4,323
2023	$325,221	$332,928	$70,883	$-7,707
2022	$373,338	$315,565	$12,706	$57,773
2021	$312,785	$259,664	$15,180	$53,121
2020	$317,135	$299,402	$4,592	$17,733
2019	$306,740	$346,453	$30,387	$-39,713

BISMARCK-MANDAN ORCHESTRAL ASSOCIATION