Civic Intelligence

Twin Rivers Council for the Arts

EIN 20-0814939 • 501(c)3 • Mankato, MN

Profile

Advocating and promoting arts and culture as it relates to community and economic development, educating local artists/groups, and connecting the community to more arts and culture opportunities.

PO Box 293Mankato, MN 56002

www.twinriversarts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.11x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.07x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

15th percentile

-44%

Higher net margin than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

23rd percentile

-38%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-34%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$81,962

Down $50,395 (-38%) from 2023

Liabilities

Up

$9,230

Up $7,104 (+334%) from 2023

Net Assets

Down

$72,732

Down $57,499 (-44%) from 2023

Revenue

Down

$130,885

Down $68,218 (-34%) from 2023

Expenses

Up

$188,384

Up $60,596 (+47%) from 2023

Net Income

Down

-$57,499

Down $128,814 (-181%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2011: $87,066Liabilities 2011: $7,8722011Assets 2012: $74,227Liabilities 2012: $7,9972012Assets 2013: $91,013Liabilities 2013: $14,3262013Assets 2014: $78,480Liabilities 2014: $7,648Net Assets 2014: $70,8322014Assets 2015: $77,560Liabilities 2015: $12,084Net Assets 2015: $65,4762015Assets 2016: $62,819Liabilities 2016: $44,638Net Assets 2016: $18,1812016Assets 2017: $114,956Liabilities 2017: $70,515Net Assets 2017: $44,4412017Assets 2018: $122,312Liabilities 2018: $106,363Net Assets 2018: $15,9492018Assets 2019: $234,698Liabilities 2019: $249,680Net Assets 2019: -$14,9822019Assets 2020: $75,942Liabilities 2020: $43,628Net Assets 2020: $32,3142020Assets 2021: $117,811Liabilities 2021: $42,604Net Assets 2021: $75,2072021Assets 2022: $95,055Liabilities 2022: $36,139Net Assets 2022: $58,9162022Assets 2023: $132,357Liabilities 2023: $2,126Net Assets 2023: $130,2312023Assets 2024: $81,962Liabilities 2024: $9,230Net Assets 2024: $72,7322024

Highlighted filing

2024

Assets$81,962
Liabilities$9,230
Net Assets$72,732

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $141,887Expenses 2011: $137,909Net Income 2011: $3,9782011Revenue 2012: $114,301Expenses 2012: $127,265Net Income 2012: -$12,9642012Revenue 2013: $141,720Expenses 2013: $131,263Net Income 2013: $10,4572013Revenue 2014: $160,298Expenses 2014: $166,153Net Income 2014: -$5,8552014Revenue 2015: $137,045Expenses 2015: $142,401Net Income 2015: -$5,3562015Revenue 2016: $223,346Expenses 2016: $270,016Net Income 2016: -$46,6702016Revenue 2017: $271,437Expenses 2017: $245,177Net Income 2017: $26,2602017Revenue 2018: $158,448Expenses 2018: $186,940Net Income 2018: -$28,4922018Revenue 2019: $183,975Expenses 2019: $214,906Net Income 2019: -$30,9312019Revenue 2020: $196,937Expenses 2020: $149,641Net Income 2020: $47,2962020Revenue 2021: $167,581Expenses 2021: $124,688Net Income 2021: $42,8932021Revenue 2022: $100,596Expenses 2022: $116,887Net Income 2022: -$16,2912022Revenue 2023: $199,103Expenses 2023: $127,788Net Income 2023: $71,3152023Revenue 2024: $130,885Expenses 2024: $188,384Net Income 2024: -$57,4992024

Highlighted filing

2024

Revenue$130,885
Expenses$188,384
Net Income-$57,499

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.82$0.09$0.73$1.31$1.88$0.57
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.02$1.30$1.99$1.28$0.71
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.36$0.59$1.01$1.17$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.43$0.75$1.68$1.25$0.43
2020Detailed filing. Detailed filing data is available for this year.$0.76$0.44$0.32$1.97$1.50$0.47
2019Detailed filing. Detailed filing data is available for this year.$2.35$2.50$0.15$1.84$2.15$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.22$1.06$0.16$1.58$1.87$0.28
2017Summary only. Only limited summary data is available for this year.$1.15$0.71$0.44$2.71$2.45$0.26
2016Summary only. Only limited summary data is available for this year.$0.63$0.45$0.18$2.23$2.70$0.47
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.12$0.65$1.37$1.42$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.08$0.71$1.60$1.66$0.06
2013Summary only. Only limited summary data is available for this year.$0.91$0.14$1.42$1.31$0.10
2012Summary only. Only limited summary data is available for this year.$0.74$0.08$1.14$1.27$0.13
2011Summary only. Only limited summary data is available for this year.$0.87$0.08$1.42$1.38$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 24, 2025
Return Version
2024v5.0
Gross Receipts
$130,885
Mission and Program Overview

Mission

Promoting regional arts and culture

Advocating and promoting arts and culture as it relates to community and economic development, educating local artists/groups, and connecting the community to more arts and culture opportunities.

Program Services

DescriptionGrantsExpenses
ARTS COMMISSION FOR THE CITIES OF MANKATO AND NORTH MANKATO-$61,464
ADVOCACY, EDUCATION AND SERVICES FOR REGIONAL ARTISTS AND ARTS ORGANIZATIONS--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BETH SERRILLPresident-$0--
STACEY STRAKADirector-$0--
TAMERA SAARSecretary-$0--
BOB PRESTONTreasurer-$0--
KATIE HEINTZDirector-$0--
MELISSA KETCHUMDirector-$0--
MIKE LAVENDirector-$0--
TAMI PAULSENDirector-$0--
LISA BIGHAMDirector-$0--
DENISE LAUERMANDirector-$0--
MEGHAN STRAITDirector-$0--
Filing and Contact Details

Filer

Filer Name
Twin Rivers Council for the Arts
EIN
20-0814939
Phone
5075087165
Address
PO BOX 293, MANKATO, MN 56002

Signing Officer

Name
Beth Serrill
Title
President
Phone
5074610647
Signed
2025-04-24
Discuss with paid preparer
Yes

Preparer

Firm
Begalka & Swanson Pc
Address
1660 COMMERCE DRIVE, NORTH MANKATO, MN 56003-1912
Preparer
Kelly Begalka
Phone
5076254910
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 13,592 office expense 635 supplies 1,750 telephone 1,099 it/security 1,877 travel & workshops 209 insurance 2,339 bank & merchant fees 2,326 fundraising expenses 898 affiliate expenses 1,664 other program expenses 4,008 misc expenses 2,106 best in art 2,510 board expenses 221 staff training 169 database fees 3,875 art festival expenses 43,410 total 82,688

Form 990-ez, Part II, Line 24

Accounts receivable 0 1,101 total 0 1,101

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,090 8,682 payroll liabilities 0 350 payable to fiscal agent 0 0 accrued wages & payroll taxes 0 0 payroll taxes payable 0 0 city of mankato payable 0 0 credit cards payable 36 198 mn department of revenue 0 0 payable city art 0 0

Form 990-ez, Part III

Advocating and promoting arts and culture as it relates to community and economic development, educating local artists/groups, and connecting the community to more arts and culture opportunities.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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