NORTHWEST MINNESOTA ARTS COUNCIL (EIN 800404694) - 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

2008

Legal Domicile

Principal Officer

MARA HANEL

Phone

2187458886

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST MINNESOTA ARTS COUNCIL, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $838K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

SUPPORT AND ENHANCE THE DEVELOPMENT OF THE ARTS IN NORTHWESTERN MINNESOTA. FACILITATE AND ENHANCE THE CREATION AND APPRECIATION OF THE ARTS.

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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 $825,198

Program Service Revenue $810

Investment Income $10,382

Other Revenue $2,000

TOTAL REVENUE $838,390

Expense Breakdown

Grants Paid $545,278

Salaries & Benefits $160,409

Fundraising Expenses $0

Program Expenses $778,295

Other Expenses $119,471

TOTAL EXPENSES $825,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$838,390	$666,030	+0.3%
Expenses	$825,158	$663,328	+0.2%
Net Income	$13,232	$2,702	+3.9%

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

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

$136,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARA HANEL	EXECUTIVE DIRECTOR	040.00	Officer	$101,721	$34,551	$136,272
KARLACE TAYLOR	CHAIRMAN	000.50	Officer Director	$0	$0	$0
WADE BENSON	VICE CHAIRMAN	000.50	Officer Director	$0	$0	$0
STEPHENIE ANDERSON	TREASURER	000.50	Officer Director	$0	$0	$0
MARY ANN LAXEN	SECRETARY	000.50	Officer Director	$0	$0	$0
MARY BETH KING	DIRECTOR	000.50	Director	$0	$0	$0
DEB ALEXANDER	DIRECTOR	000.50	Director	$0	$0	$0
JOHN COVLIN	DIRECTOR	000.50	Director	$0	$0	$0
KAITLIN BARBOSA	DIRECTOR	000.50	Director	$0	$0	$0
MARIA HAMMER	DIRECTOR	000.50	Director	$0	$0	$0
CARLA ARNDT	DIRECTOR	000.50	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	$838,390	$825,158	$208,608	$13,232
2024	$666,030	$663,328	$206,247	$2,702
2023	$588,162	$587,456	$131,064	$706
2022	$577,955	$567,285	$138,319	$10,670
2021	$521,998	$530,078	$306,158	$-8,080
2020	$490,940	$490,128	$131,505	$812
2019	$515,448	$513,758	$67,136	$1,690

NORTHWEST MINNESOTA ARTS COUNCIL