FARGO-MOORHEAD SCIENCE MUSEUM

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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

2018

Legal Domicile

Principal Officer

JESSIE ROCK

Phone

7013640190

Tax Period

2023-01-01 to 2023-12-31

FARGO-MOORHEAD SCIENCE MUSEUM, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $612K in total revenue in fiscal year 2023. Revenue surged 1031% from the prior year, signaling strong growth momentum. Expenses of $731K exceeded revenue, resulting in a 19% operating deficit.

Mission

BREAKING BARRIERS TO IGNITE THE CURIOSITY IN ALL OF US.

Program Service Accomplishments

Program 1

Expenses: $315,968

THE FARGO-MOORHEAD SCIENCE MUSEUM OUTREACH PROGRAM PROVIDES FREE EDUCATIONAL PROGRAMMING TO THE FM REGION WHICH IGNITES CURIOSITY IN SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND MEDICINE...

THE FARGO-MOORHEAD SCIENCE MUSEUM OUTREACH PROGRAM PROVIDES FREE EDUCATIONAL PROGRAMMING TO THE FM REGION WHICH IGNITES CURIOSITY IN SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND MEDICINE (STEMM). FMSM ENGAGES WITH COMMUNITY MEMBERS AT ADMISSION-FREE PUBLIC EVENTS AT LIBRARIES AND PARKS AND TARGETS UNDERSERVED COMMUNITIES THROUGH MOBILE STEMM OUTREACH. IN 2023, FMSM PROVIDED EIGHTY HOURS OF STEMM PROGRAMMING ACROSS 17 COMMUNITY EVENTS TO 2,841 COMMUNITY MEMBERS. THESE EFFORTS WERE SUPPORTED BY EIGHT DEDICATED VOLUNTEERS COMMITTED TO BRINGING FREE STEMM OUTREACH TO AREA EVENTS. OUR PROGRAMS PROVIDE OPPORTUNITIES FOR HANDS-ON INTERACTIONS WITH REAL SCIENCE WHICH MAKES SCIENTIFIC CONCEPTS CONCRETE FOR PARTICIPANTS AND CAN CREATE LIFE-LONG ENTHUSIASM FOR SCIENCE. FMSM STAFF AND VOLUNTEERS SPENT HUNDREDS OF HOURS CONTINUING TO BUILD THE FRAMEWORK FOR THE CAPITAL CAMPAIGN AND CULTIVATING RELATIONSHIPS WITH COMMUNITY STAKEHOLDERS AND DONORS. THE FMSM EDUCATION COMMITTEE WORKED WITH GYROSCOPE INC. TO FINALIZE THE VISITOR EXPERIENCE PLAN. THE ORGANIZATION RECEIVED A $500,000 GRANT FROM THE STATE OF NORTH DAKOTA TO SUPPORT OPERATIONAL COSTS DURING THIS PLANNING AND CONSTRUCTION PHASE. THE BOARD OF DIRECTORS SELECTED THE FUTURE MUSEUM SITE, DEVELOPED THE FMSM STRATEGIC PLAN, AND RECEIVED RESULTS OF THE FEASIBILITY STUDY PREPARED BY CONSULTECON INC. THE BOARD ALSO RESEARCHED COST ESTIMATES FOR ARCHITECTURAL DESIGN FOR A BUILDING WHERE CURIOUS MINDS OF ALL AGES CAN EXPLORE AND ENGAGE IN SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND MEDICINE SUBJECTS COLLECTIVELY KNOWN AS STEMM.

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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 $612,138

Program Service Revenue $0

Investment Income $332

Other Revenue $0

TOTAL REVENUE $612,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $409,014

Fundraising Expenses $291,343

Program Expenses $315,968

Other Expenses $167,854

TOTAL EXPENSES $731,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$612,470	$54,162	+10.3%
Expenses	$731,339	$471,214	+0.6%
Net Income	$-118,869	$-417,052	-0.7%

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

$160,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GWEN MCCARTNEY	CHAIR	20.00	Officer Director	$0	$0	$0
JESSIE ROCK	PAST CHAIR	7.50	Officer Director	$0	$0	$0
ANNE STOLL	TREASURER (STARTED 7/2023)	7.50	Officer Director	$0	$0	$0
DANNI MELQUIST	SECRETARY	7.50	Officer Director	$0	$0	$0
STEPHANIE DAY	DIRECTOR (LEFT 4/2023)	2.50	Director	$0	$0	$0
CHRISTINA SNIDER	CAMPAIGN CHAIR	7.50	Officer Director	$0	$0	$0
JAE DEWALD	DIRECTOR	2.50	Director	$0	$0	$0
BREANNA KOMPELIEN	DIRECTOR	2.50	Director	$0	$0	$0
DAVID SCHLOSSMAN	DIRECTOR	2.50	Director	$0	$0	$0
BOBBI BRICKER	TREASURER (LEFT 3/2023)	7.50	Officer Director	$0	$0	$0
KEN BRAZEROL	PAST CHAIR	2.50	Officer Director	$0	$0	$0
JAMES HAND	DIRECTOR (STARTED 5/2023)	2.50	Director	$0	$0	$0
SANDY KORBEL	DIRECTOR (STARTED 11/2023)	2.50	Director	$0	$0	$0
SUSAN MATHISON	DIRECTOR (STARTED 7/2023)	2.50	Director	$0	$0	$0
MARK VOIGT	DIRECTOR (LEFT 6/2023)	2.50	Director	$0	$0	$0
JOSEPHINE BALENGER	EXECUTIVE DIRECTOR	40.00	Officer	$155,414	$4,600	$160,014

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	$612,470	$731,339	$780,929	$-118,869
2022	$54,162	$471,214	$943,966	$-417,052
2021	$1,307,337	$5,218	$1,318,407	$1,302,119