THE ARTS PARTNERSHIP

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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

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 strengthens its member organizations in service to the community through growing collaboration and stewardship of its shared assets.

Program Service Accomplishments

Program 1

Expenses: $3,257,288 Revenue: $0

The Arts Partnership has embarked on a $45.5 million All 4 ONE Campaign to enhance our signature partnership and to safeguard our organizations' futures. This campaign is comprised of the following components: stability & recovery, facility maintenance, technology upgrades and sustainability. All of the 4 partner organizations are working collectively for the success of this campaign. For the fiscal year ended June 30, 2023, The Arts Partnership granted $3,257,288 to the Partner Organizations as a part of the stabilization funds raised by The Arts Partnership in this campaign.

Program 2

Expenses: $1,967,434 Revenue: $0

One of the primary purposes/programs for The Arts Partnership is to raise funds to support the primary users of Ordway Center for the Performing Art's facility. The Arts Partnership raises funds that will be granted to the primary users of the Ordway's facility to help support their use of Ordway facilities as well as cover expenses incurred by The Arts Partnership in support of the primary users' efforts to find creative and economically viable opportunities for the Groups' collective service to the community.

Program 3

Expenses: $86,941 Revenue: $0

The Arts Partnership presented and supported presentations that complemented the performances at Ordway Center by The Saint Paul Chamber Orchestra, The Minnesota Orchestra, the Schubert Club, and the Ordway Center for the Performing Arts, providing an additional unique arts experience for the community.

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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 (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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

$828,926

Total Directors

$1,089,060

Key Employees

Highest Compensated

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