MINNESOTA MARINE ART MUSEUM (EIN 721580723) - 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

2004

Legal Domicile

Principal Officer

ELIZABETH INDRA

Phone

5074746626

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MARINE ART MUSEUM, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MINNESOTA MARINE ART MUSEUM ENGAGES VISITORS IN MEANINGFUL VISUAL ART EXPERIENCES THROUGH EDUCATION AND EXHIBITIONS THAT EXPLORE THE ONGOING AND HISTORIC HUMAN RELATIONSHIP WITH WATER.

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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 $683,419

Program Service Revenue $190,680

Investment Income $660,237

Other Revenue $63,444

TOTAL REVENUE $1,597,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $818,303

Fundraising Expenses $85,930

Program Expenses $1,949,512

Other Expenses $1,412,368

TOTAL EXPENSES $2,230,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,597,780	$1,341,091	+0.2%
Expenses	$2,230,671	$1,589,720	+0.4%
Net Income	$-632,891	$-248,629	+1.5%

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

$111,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABINA BOSSHARD	DIRECTOR	2.00	Director	$0	$0	$0
ELISE LEWIS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
GREG NEIDHART	SECRETARY	4.00	Officer Director	$0	$0	$0
BILL HOEL	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
ANNE SCOTT PLUMMER	DIRECTOR	2.00	Director	$0	$0	$0
TAMARA AUPAUMUT	DIRECTOR	2.00	Director	$0	$0	$0
NANCY BLANKFARD	DIRECTOR	2.00	Director	$0	$0	$0
LAURA CEDERBERG	DIRECTOR	2.00	Director	$0	$0	$0
CASSIE CRAMER	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD HOFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
LEANNE POELLINGER	DIRECTOR	2.00	Director	$0	$0	$0
JOVY ROCKEY	DIRECTOR	2.00	Director	$0	$0	$0
KATHY SOLUM	TREASURER	4.00	Officer Director	$0	$0	$0
SCOTT POLLOCK	EXECUTIVE DIRECTOR	40.00	Officer	$102,666	$8,776	$111,442

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	$1,597,780	$2,230,671	$26,474,871	$-632,891
2022	$1,341,091	$1,589,720	$26,643,451	$-248,629
2021	$1,574,755	$1,213,478	$28,374,254	$361,277
2020	$837,188	$1,232,665	$26,828,253	$-395,477
2019	$1,166,118	$1,292,547	$26,724,234	$-126,429
2018	$6,769,402	$1,439,264	$25,537,126	$5,330,138

MINNESOTA MARINE ART MUSEUM