THE ARTS PARTNERSHIP

EIN: 262507419 501(c)(3) Arts, Culture & Humanities

Saint Paul, MN

Total Revenue
$6,980,977
Total Expenses
$5,575,710
Total Assets
$35,914,415
Net Assets
$35,477,077
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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
2007
Legal Domicile
MN
Principal Officer
Jon Limbacher
Phone
6512823000
Tax Period
2022-07-01 to 2023-06-30

THE ARTS PARTNERSHIP, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.0M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 20% operating margin.

Mission

The Arts Partnership was incorporated on April 10, 2007 and organized to operate exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code and, in particular, as a Type I supporting organization within the meaning of Section 509(a)(3) for the benefit of and to carry out the purposes of its supported organizations (Supported Organizations), namely, Ordway Center for the Performing Arts (the Ordway); The Saint Paul Chamber Orchestra Society; The Minnesota Opera; and The Schubert Club (collectively, the Arts Partners), each of which is a Minnesota nonprofit corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and classified as a public charity under Section 509(a)(2) of the Internal Revenue Code. The Arts Partnership strengthens its member organizations in service to the community through growing collaboration and stewardship of its shared assets.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,273,428
Program Service Revenue $0
Investment Income $707,549
Other Revenue $0
TOTAL REVENUE $6,980,977

Expense Breakdown

Grants Paid $5,365,660
Salaries & Benefits $0
Fundraising Expenses $37,457
Program Expenses $5,365,660
Other Expenses $210,050
TOTAL EXPENSES $5,575,710

Year-over-Year Comparison

2022 2021 Change
Revenue $6,980,977 $6,025,235 +0.2%
Expenses $5,575,710 $7,493,475 -0.3%
Net Income $1,405,267 $-1,468,240 -2.0%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
31

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
3
$828,926
Total Directors
9
$1,089,060
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Harrington Secretary 4.00
Officer Director
$0 $18,502 $313,581
Jon Limbacher President 5
Officer Director
$0 $37,730 $312,131
Ryan Taylor Director 4.00
Director
$0 $18,807 $260,134
Barry Kempton Treasurer 4.00
Officer Director
$0 $39,423 $203,214
Patrick Garay-Heelan Director 1
Director
$0 $0 $0
Nadege Souvenir Director 1
Director
$0 $0 $0
Catherine Furry Director 1
Director
$0 $0 $0
Deborah Palmer-Rich Director 2
Director
$0 $0 $0
Kimberly Randolph Director 1
Director
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,980,977 $5,575,710 $35,914,415 $1,405,267
2022 $6,025,235 $7,493,475 $32,719,008 $-1,468,240
2021 $5,290,504 $2,629,377 $39,537,439 $2,661,127
2020 $7,323,445 $8,815,343 $31,183,068 $-1,491,898
2019 $5,162,273 $2,245,294 $32,680,374 $2,916,979
2018 $2,525,365 $1,853,573 $30,166,037 $671,792
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