FOUNDATION FOR FERGUS FALLS CENTER FOR THE ARTS INC (EIN 814132613) - 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

Phone

2182051920

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR FERGUS FALLS CENTER FOR THE ARTS INC, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $49K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 43% operating margin.

Mission

THE PURPOSE OF A CENTER FOR THE ARTS FOUNDATION IS TO MAINTAIN AN ENDOWMENT AND UTILIZE INCOME FROM THE ENDOWMENT TO SUPPORT THE WORK AND MISSION OF FERGUS FALLS CENTER FOR 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 $6,000

Program Service Revenue $0

Investment Income $43,308

Other Revenue $0

TOTAL REVENUE $49,308

Expense Breakdown

Grants Paid $27,466

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,466

Other Expenses $725

TOTAL EXPENSES $28,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,308	$32,427	+0.5%
Expenses	$28,191	$24,937	+0.1%
Net Income	$21,117	$7,490	+1.8%

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
SCOTT WAGNILD	President	0.50	Officer Director	$0	$0	$0
DEBORAH FERGUSON	Vice President	0.50	Officer Director	$0	$0	$0
BRETT DELAGE	Director	0.50	Director	$0	$0	$0
STEPHEN F RUFER	Secretary	0.50	Officer Director	$0	$0	$0
WALLY WARHOL	Treasurer	0.50	Officer 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	$49,308	$28,191	$610,475	$21,117
2023	$32,427	$24,937	$549,332	$7,490

FOUNDATION FOR FERGUS FALLS CENTER FOR THE ARTS INC