MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDSHIP ACADEMY OF THE ARTS, founded in 2001, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.
TO EDUCATE CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENT CITIZENS. LEARNERS AREEMPOWERED TO FIND MEANING AND UNDERSTANDING THROUGH ARTS, WHICH INCLUDE; DANCE, MUSIC,THEATER, LITERATURE, MEDIA, AND VISUAL
FRIENDSHIP ACADEMY OF THE ARTS EDUCATES CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENTCITIZENS. BY DOING SO-OUR VISION IS TO EMPOWER SCHOLARS TO BE LIFELONG LEARNERS BY DEVELOPING THE WHOLE CHILD...
FRIENDSHIP ACADEMY OF THE ARTS EDUCATES CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENTCITIZENS. BY DOING SO-OUR VISION IS TO EMPOWER SCHOLARS TO BE LIFELONG LEARNERS BY DEVELOPING THE WHOLE CHILD SOCIALLY, EMOTIONALLY, ACADEMICALLY, AND ARTISTICALLY. THE ACADEMY SERVES STUDENTS IN GRADES K-8 AT TWO DIFFERENT LOCATIONS. THE PRIMARY LOCATION SERVIED OUR STUDENTS SINCE IT WAS FOUNDED IN 2001, AND NOW SERVES GRADES K-8, AND THE ACADEMY LOCATED TO ITS 2ND LOCATION TO SERVE GRADES 2-8TH.
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 | $4,675,456 | $5,353,964 | -0.1% |
| Expenses | $4,855,308 | $4,552,790 | +0.1% |
| Net Income | $-179,852 | $801,174 | -1.2% |
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 |
|---|---|---|---|---|---|---|
| BRENDA HILL | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANICE PHILIPS | MEMBER | 1.00 |
Director
|
$8,669 | $0 | $8,669 |
| LORNA PETTIS | BOARD CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRIE COATS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NIAMBI JACKSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DARLENE RILEY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANANYSIA JOSEPH | BOARD CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,675,456 | $4,855,308 | $2,626,166 | $-179,852 |
| 2024 | $5,353,964 | $4,552,790 | $2,707,332 | $801,174 |
| 2023 | $5,889,896 | $6,278,087 | $3,255,451 | $-388,191 |
| 2023 | $5,746,172 | $6,218,100 | $3,311,933 | $-471,928 |
| 2022 | $5,476,614 | $6,069,810 | $3,429,335 | $-593,196 |
| 2021 | $4,820,441 | $4,829,358 | $2,442,293 | $-8,917 |
| 2020 | $2,907,050 | $3,128,013 | $2,639,129 | $-220,963 |
| 2019 | $2,638,914 | $2,505,964 | $2,701,789 | $132,950 |
| 2018 | $2,436,116 | $2,353,469 | $2,677,924 | $82,647 |
Compare FRIENDSHIP ACADEMY OF THE ARTS with other nonprofits in Minnesota and across the country.