GRAND FORKS CHILDREN'S MUSEUM INC (EIN 870865807) - 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

2021

Legal Domicile

Principal Officer

KATIE MAYER

Phone

7017464326

Tax Period

2024-01-01 to 2024-12-31

GRAND FORKS CHILDREN'S MUSEUM INC, founded in 2021, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.4M, a strong 87% operating margin.

Mission

TO ENGAGE MINDS THROUGH PLAY.

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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 $2,454,113

Program Service Revenue $0

Investment Income $284,812

Other Revenue $-17,920

TOTAL REVENUE $2,721,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,796

Fundraising Expenses $135,327

Program Expenses $118,405

Other Expenses $165,424

TOTAL EXPENSES $353,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,721,005	$6,273,373	-0.6%
Expenses	$353,069	$250,096	+0.4%
Net Income	$2,367,936	$6,023,277	-0.6%

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

400

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

$66,515

Total Directors

$1,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX REICHERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SALLY MISKAVIGE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JARED VIGEN	TREASURER	1.00	Officer Director	$0	$0	$0
NATALIE MUTH	SECRETARY	1.00	Officer Director	$0	$0	$0
BRITTANY CAILLIER	DIRECTOR	1.00	Director	$0	$0	$0
JILL NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DEAN OPP	DIRECTOR	1.00	Director	$0	$0	$0
KELLY QUIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
MAURA TANABE	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN WALD	DIRECTOR	1.00	Director	$1,080	$0	$1,080
HILARY KEMPENICH	DIRECTOR	1.00	Director	$0	$0	$0
DR TRICIA LEE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA QUANRUD	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MAYER	EXECUTIVE DIRECTOR	31.00	Officer	$58,108	$8,407	$66,515

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	$2,721,005	$353,069	$11,771,096	$2,367,936
2023	$6,273,373	$250,096	$9,362,867	$6,023,277
2022	$425,016	$49,371	$3,261,599	$375,645
2021	$2,750,000	$3,000	$2,750,000	$2,747,000

GRAND FORKS CHILDREN'S MUSEUM INC