NORTHERN LIGHTS MUSIC FESTIVAL

EIN: 562527875 501(c)(3) Arts, Culture & Humanities

GILBERT, MN

Total Revenue
$449,763
Total Expenses
$470,468
Total Assets
$251,726
Net Assets
$124,773
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MN
Principal Officer
BARBARA BALDRICA
Phone
6099222965
Tax Period
2022-12-01 to 2023-11-30

NORTHERN LIGHTS MUSIC FESTIVAL, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $450K in total revenue in fiscal year 2022.

Mission

THE NORTHERN LIGHTS MUSIC FESTIVAL IS A THREE WEEK CLASSICAL MUSIC PERFORMANCE PROGRAM AND MUSIC SCHOOL WHICH IS HELD EACH SUMMER ON THE MINNESOTA IRON RANGE.FOUNDED SEVENTEEN YEARS AGO BY CONCERT PIANIST AND AURORA NATIVE VEDA ZUPONCIC, NORTHERN LIGHTS BRINGS TOGETHER AWARD WINNING STUDENTS AND INTERNATIONALLY KNOWN PERFORMERS AND TEACHERS IN A UNIQUE PROGRAM THAT INCLUDES DAILY LESSONS, CHAMBER MUSIC COACHINGS, MASTERCLASSES AND NUMEROUS PERFORMANCE OPPORTUNITIES. WITH THE ADDITION EIGHT YEARS AGO OF THE NORTHERN LIGHTS FESTIVAL OPERA, THE FESTIVAL NOW INCLUDES FULLY STAGED PROFESSIONAL OPERAS FEATURING INTERNATIONALLY KNOWN OPERA STARS AND A ROSTER OF RISING YOUNG PERFORMERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $352,309
Program Service Revenue $73,706
Investment Income $144
Other Revenue $23,604
TOTAL REVENUE $449,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,150
Fundraising Expenses $9,411
Program Expenses $423,421
Other Expenses $446,318
TOTAL EXPENSES $470,468

Year-over-Year Comparison

2022 2021 Change
Revenue $449,763 $431,605 +0.0%
Expenses $470,468 $410,471 +0.1%
Net Income $-20,705 $21,134 -2.0%
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
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA BALDRICA PRESIDENT 1.00
Director
$0 $0 $0
VEDA ZUPONCIC ARTISTIC DIRECTOR 20.00
Director
$0 $0 $0
MATT UHAN TREASURER 1.00
Director
$0 $0 $0
MARY MULARI DIRECTOR 1.00
Director
$0 $0 $0
MARTIN ZUPONCIC DIRECTOR 1.00
Director
$0 $0 $0
RHONDA ZUPONCIC DIRECTOR 1.00
Director
$0 $0 $0
ERIKA BLEE DIRECTOR 1.00
Director
$0 $0 $0
ERIK ERIE DIRECTOR 1.00
Director
$0 $0 $0
PATTY PHILLIPS DIRECTOR 1.00
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 $449,763 $470,468 $251,726 $-20,705
2022 $431,605 $410,471 $216,339 $21,134
2021 $390,095 $388,557 $228,855 $1,538
2020 $426,625 $349,714 $226,380 $76,911
2019 $363,668 $303,138 $145,502 $60,530
2018 $301,189 $284,464 $6,792 $16,725
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