BLOOMINGTON HERITAGE DAYS

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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

2009

Legal Domicile

Principal Officer

NATE ROLEK

Phone

6126007496

Tax Period

2018-01-01 to 2018-12-31

BLOOMINGTON HERITAGE DAYS, founded in 2009, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $82K in total revenue in fiscal year 2018.

Mission

ORGANIZED TO PROMOTE A SHARED SENSE OF COMMUNITY AMONG CURRENT AND FUTURE RESIDENTS OF BLOOMINGTON, MN.

Program Service Accomplishments

Program 1

Expenses: $82,590 Revenue: $81,315

SUCCESSFULLY HAD OUR NINTH ANNUAL FALL FESTIVAL WITH OVER 20,000 PEOPLE ATTENDING. EXPANDED ALL ACTIVITIES TO INCREASE COMMUNITY INVOLVEMENT BY EITHER VOLUNTEERING OR ATTENDING.

Program 2

Expenses: $7,292 Revenue: $1,000

SUCCESSFULLY HAD OUR 7TH PARADE WITH MANY LOCAL BUSINESSES AND ORGANIZATIONS PARTICIPATING. OVER 10,000 PEOPLE EITHER PARTICIPATED OR WATCHED THE EVENT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $20,779

Program Service Revenue $0

Investment Income $11

Other Revenue $61,525

TOTAL REVENUE $82,315

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,882

Other Expenses $89,382

TOTAL EXPENSES $89,882

Year-over-Year Comparison

	2018	2017	Change
Revenue	$82,315	N/A	N/A
Expenses	$89,882	N/A	N/A
Net Income	$-7,567	$0	N/A

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

250

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
RICHARD BERGSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE MARTIN	BOARD MEMBER	0.25	Director	$0	$0	$0
JIM ELLISON	BOARD MEMBER	0.25	Director	$0	$0	$0
TIM BUSSE	BOARD MEMBER	0.25	Director	$0	$0	$0
KARI KENDALL	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDA A HALLER	BOOKKEEPER	1.00	Officer	$0	$0	$0
PATRICK KRATZ	SECRETARY	1.00	Officer	$0	$0	$0
NATE ROLEK	PRESIDENT	2.00	Officer	$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
2018	$82,315	$89,882	$34,088	$-7,567