UPPER MIDWEST FILM OFFICE (EIN 854181615) - 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

2020

Legal Domicile

Principal Officer

DAN STOCKE

Phone

2184611628

Tax Period

2023-01-01 to 2023-12-31

UPPER MIDWEST FILM OFFICE, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $354K, a strong 22% operating margin.

Mission

TO ADVANCE THE CREATIVE ECONOMY IN NORTHERN MINNESOTA THROUGH FILM, TV AND COMMERCIAL CONTENT PRODUCTION. UMFO ATTRACTS PROJECTS THROUGH ONE-ONE CONNECTIONS, MEETINGS, FESTIVALS AND CONFERENCES. THE OFFICE ALSO CONNECTS COMMUNITY BUSINESSES, LOCAL CREW, MUNICIPAL OFFICES AND LEADERS TO FACILITATE PRODUCTION IN LOCATIONS ACROSS THE REGION.

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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 $1,583,500

Program Service Revenue $2,430

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,585,930

Expense Breakdown

Grants Paid $837,148

Salaries & Benefits $216,352

Fundraising Expenses $0

Program Expenses $1,175,191

Other Expenses $178,688

TOTAL EXPENSES $1,232,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,585,930	$616,736	+1.6%
Expenses	$1,232,188	$595,893	+1.1%
Net Income	$353,742	$20,843	+16.0%

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

$99,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDRIKA MCMANUS	CHIEF PRODUC	40.00	Highest	$125,744	$0	$125,744
SHARI MARSHIK	EXECUTIVE DI	40.00	Officer	$99,000	$0	$99,000
HANNAH ALSTEAD	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVE COOK	BOARD MEMBER	0.50	Director	$0	$0	$0
PHILIP GILPIN	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM STENDER	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN STOCKE	PRESIDENT	0.50	Officer Director	$0	$0	$0
RHONDA WIILIAINEN	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	No data	No data	No data	No data
2023	$1,585,930	$1,232,188	$463,974	$353,742
2022	$616,736	$595,893	$122,057	$20,843
2021	$325,250	$231,504	$113,215	$93,746

UPPER MIDWEST FILM OFFICE