Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Cowles Center, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $759K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 70% operating deficit.
To provide a home for the local dance company and work as an advocate for these artists by providing a professional environment with opportunities for them to refine and perform their work.
Performance Program - In 2024 we served three companies before closing the Goodale Theater. We also honored box office projections for the three companies we couldn't host on the stage.
Education Program - In 2024, K-12 residency programs (Dance without Barriers, Creations, and First Moves) reached 1,941 students through 328 sessions. We ended education programming in May 2024...
Education Program - In 2024, K-12 residency programs (Dance without Barriers, Creations, and First Moves) reached 1,941 students through 328 sessions. We ended education programming in May 2024, honoring all school commitments for the 23-24 school year and fulfilling all grant requirements.
Facilities Program: The facilities program at The Cowles Center supports the performing arts community by providing performance, rehearsal/studio, and administrative office space at 40% below market...
Facilities Program: The facilities program at The Cowles Center supports the performing arts community by providing performance, rehearsal/studio, and administrative office space at 40% below market value for 20 area nonprofit dance and performing arts organizations, including two of Minnesota's leading dance schools, and a network of independent artists and choreographers.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $758,556 | $3,436,956 | -0.8% |
| Expenses | $1,286,065 | $3,503,241 | -0.6% |
| Net Income | $-527,509 | $-66,285 | +7.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| L Kelley Lindquist | President | 10.00 |
Officer
Director
|
$0 | $23,546 | $295,535 |
| Will Law | Treasurer | 10.00 |
Officer
Director
|
$0 | $24,555 | $226,348 |
| Kathleen Kvern | Secretary | 10.00 |
Officer
Director
|
$0 | $23,902 | $180,306 |
| Stacey Mickelson | Vice President | 10.00 |
Officer
Director
|
$0 | $13,737 | $163,267 |
| Beth Chalmers | Chief Financial Officer | 2.00 |
Officer
|
$0 | $21,383 | $184,843 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $758,556 | $1,286,065 | $500,112 | $-527,509 |
| 2023 | $3,436,956 | $3,503,241 | $17,694,098 | $-66,285 |
| 2022 | $3,800,665 | $3,273,798 | $26,829,562 | $526,867 |
| 2021 | $3,628,768 | $2,865,134 | $25,707,590 | $763,634 |
| 2020 | $1,492,326 | $2,658,641 | $25,245,040 | $-1,166,315 |
| 2019 | $3,381,185 | $3,276,880 | $20,722,457 | $104,305 |
| 2018 | $2,305,013 | $3,610,873 | $20,279,788 | $-1,305,860 |
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