Mesabi Community Orchestra

Nonprofit profile at a glance

EIN
363375998
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-T 2023, Form 990-N 2016
Location
Virginia, MN, USA
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$69,687
Expenses
$61,578
Assets
$57,188
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Julie Sandstede (President)
  • James Wachter (Vice President)

People named in this filing

  • Julie Sandstede (President)
  • James Wachter (Vice President)
  • Candice Maxwell (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Create an opportunity to play orchestral music in NE Minn

What it reported doing in 2024

Mesabi Symphony Orchestra performed seven concerts and Mesabi Chamber Ensemble performed three times

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Sustainability: 52
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.4%; rating input score 88
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 11.6%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 35%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -8.3% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: -18.9% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -22.1% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 88.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $62K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.