ART WORKS EAGAN (EIN 811235374) - 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

2016

Legal Domicile

Principal Officer

JORDAN BONGAARTS

Phone

6513304242

Tax Period

2023-01-01 to 2023-12-31

ART WORKS EAGAN, founded in 2016, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 700% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 84% operating margin.

Mission

To enhance the local arts community by connecting working artists, art organizations & the community in creative gathering spaces.

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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 $11,137

Program Service Revenue $55,728

Investment Income $1,085,110

Other Revenue $46,436

TOTAL REVENUE $1,198,411

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $48,600

Fundraising Expenses $0

Program Expenses $131,622

Other Expenses $123,556

TOTAL EXPENSES $187,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,198,411	$149,754	+7.0%
Expenses	$187,156	$144,727	+0.3%
Net Income	$1,011,255	$5,027	+200.2%

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

N/A

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

$24,300

Total Directors

$48,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WANDA BORMAN	Secretary	20.00	Officer Director	$24,300	$0	$24,300
CAITLIN DOWLING	Director	25.00	Director	$24,300	$0	$24,300
JORDAN BONGAARTS	President	3.00	Officer Director	$0	$0	$0
LAURIE HUNT	Treasurer	5.00	Officer Director	$0	$0	$0
JEFF SOOY	Director	3.00	Director	$0	$0	$0
JOHN HUISMAN	Director	2.00	Director	$0	$0	$0
DREW GORTON	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
2023	$1,198,411	$187,156	$1,170,128	$1,011,255
2022	$149,754	$144,727	$662,164	$5,027
2021	$136,823	$126,805	$667,423	$10,018
2020	$178,594	$126,790	$695,338	$51,804
2019	$154,869	$119,188	$639,745	$35,681
2018	$117,148	$108,119	$618,421	$9,029

ART WORKS EAGAN