Public Arts Commission (EIN 812245038) - 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

2014

Legal Domicile

Principal Officer

Jill Nelson

Phone

7018852684

Tax Period

2025-01-01 to 2025-12-31

Public Arts Commission, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2025. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 33% operating deficit.

Mission

To create a more vibrant cultural life for the Grand Forks community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $24,850

Program Service Revenue $174,193

Investment Income $5,590

Other Revenue $4

TOTAL REVENUE $204,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,096

Other Expenses $271,731

TOTAL EXPENSES $271,731

Year-over-Year Comparison

	2025	2024	Change
Revenue	$204,637	$617,440	-0.7%
Expenses	$271,731	$447,075	-0.4%
Net Income	$-67,094	$170,365	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Nelson	President	001.00	Director	$0	$0	$0
Sally Miskavige	Vice President	001.00	Director	$0	$0	$0
Sadie Gilbraith	Treasurer	001.00	Director	$0	$0	$0
Ann Brown	Secretary	001.00	Director	$0	$0	$0
Dean Opp	Director	001.00	Director	$0	$0	$0
Kathy Armacost	Director	001.00	Director	$0	$0	$0
John Nelson	Director	001.00	Director	$0	$0	$0
Alex Reichert	Director	001.00	Director	$0	$0	$0
Curt Kreun	Director	001.00	Director	$0	$0	$0
David Smiley	Director	001.00	Director	$0	$0	$0
Ryan Bohn	Director	001.00	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	$204,637	$271,731	$413,214	$-67,094
2024	No data	No data	No data	No data
2023	$122,061	$125,836	$295,015	$-3,775
2022	$122,776	$71,901	$300,392	$50,875
2021	$159,080	$127,562	$255,627	$31,518
2020	$214,717	$97,520	$230,868	$117,197

Public Arts Commission