Music Association of Minnetonka

Nonprofit profile at a glance

EIN
237451713
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024
Location
Minnetonka, MN, USA
Phone
9524015954
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$120,358
Expenses
$116,833
Assets
$93,143
Liabilities
$2,895

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

Leadership & pay

13 people listed

Executive titles in this filing

  • David Aschenbeck (Vice President)
  • Karena Casey (President)

People named in this filing

  • David Aschenbeck (Vice President)
  • Tranquil Bent (Director)
  • Kelly Burns (Director)

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

The organization provides programming which allows musicians and audiences to experience and perform a wide range of music types.

What it reported doing in 2024

The mission of the Music Association of Minnetonka is to provide musical opportunities that expand the performers' artistic and recreational goals, and to enrich the lives of audiences in the greater Metropolitan area. The organization exists to provide opportunities for vocal and instrumental musicians to learn to work as a group, to gain experience, and to grow in their ability to perform for the public in surrounding communities. The organization also provides opportunities for performers and the community to benefit from exposure to various types of music.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 98
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.1%; rating input score 97
  • 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: Limited

Sustainability

  • Operating margin: 2.9%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -3.8% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 97.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $117K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • 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.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.