MINNESOTA MASTERPIECE HALL (EIN 881081197) - 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

2022

Legal Domicile

Principal Officer

NED KIRK

Phone

5074740134

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MASTERPIECE HALL, founded in 2022, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $45.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $45.6M, a strong 100% operating margin.

Mission

THE MISSION IS TO BUILD COMMUNITIES THROUGH QUALITY EXPERIENCES BY PRESENTING ART MASTERWORKS, INTERNATIONALLY-RECOGNIZED CONCERT ARTISTS, AND INSPIRATIONAL EDUCATION PROGRAMS AT ACCESSIBLE PRICING, WHILE ALSO MAKING THE FACILITY AVAILABLE FOR OTHER NON-PROFIT ORGANIZATIONS.

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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 $42,929,571

Program Service Revenue $0

Investment Income $2,924,954

Other Revenue $0

TOTAL REVENUE $45,854,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,260

Fundraising Expenses $41,318

Other Expenses $120,998

TOTAL EXPENSES $214,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,854,525	$40,364,194	+0.1%
Expenses	$214,258	$6,312	+32.9%
Net Income	$45,640,267	$40,357,882	+0.1%

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

$60,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BURRICHTER	CHAIR	2.00	Officer Director	$0	$0	$0
ERNIE GORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HUGH MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHELLE SCHULTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY TELSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SWART	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF VAN FOSSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE HAYDOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
NED KIRK	CEO	1.00	Officer	$60,585	$0	$60,585

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	$45,854,525	$214,258	$89,098,644	$45,640,267
2022	$40,364,194	$6,312	$41,189,097	$40,357,882
2022	$40,364,194	$6,312	$40,499,097	$40,357,882

MINNESOTA MASTERPIECE HALL