AKRON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SUMMIT ARTSPACE, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $360K in total revenue in fiscal year 2022. Expenses of $318K left a modest 12% surplus.
SUMMIT ARTSPACE IS A COMMUNITY-BASED NONPROFIT ARTS INCUBATOR THAT PROVIDES A NURTURING ENVIRONMENT FOR ARTISTS AT ALL PHASES OF THEIR CREATIVE JOURNEYS. VITAL RESOURCES INCLUDE PHYSICAL SPACE, ARTIST-CENTERED PROGRAMS AND PUBLIC EVENTS. SUMMIT ARTSPACE PARTNERS WITH THE COUNTY OF SUMMIT, WHICH OWNS ITS HISTORIC AKRON BUILDING, TO OFFER ARTIST STUDIOS FOR RENT, GALLERIES FOR EXHIBITIONS, CLASSROOMS FOR WORKSHOPS, OFFICES FOR ARTS ORGANIZATIONS, AND PERFORMANCE AND EVENT SPACE. A.STUDIO AND OFFICE SPACE ENABLES VISUAL, PERFORMING AND LITERARY ARTISTS TO INTERACT IN A SUPPORTIVE, GROWING COMMUNITY. B.SUMMIT ARTSPACE OFFERS EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS FOR ESTABLISHED AND EMERGING ARTISTS, AS WELL AS CREATIVE EXPERIENCES FOR ALL AGES. THE ARTIST LAUNCHPAD-A COHORT-BASED MULTI-WEEK PROGRAM TO ASSIST CREATIVES IN LAYING THE FOUNDATION OF BUSINESS OPERATIONS -IS A SIGNATURE PROGRAM. C.WORKSHOPS AND PUBLIC EVENTS ARE OFFERED AT FREE OR REDUCED FEES TO ENCOURAGE BROAD COMM
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $359,966 | $347,579 | +0.0% |
| Expenses | $317,700 | $354,852 | -0.1% |
| Net Income | $42,266 | $-7,273 | -6.8% |
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 |
|---|---|---|---|---|---|---|
| HEATHER MEEKER | EXECUTIVE DI | 40.00 |
Officer
|
$66,842 | $2,355 | $69,197 |
| GINA BETTI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LOU CAMERATO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA DIEFENDORFF | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTEN DOWEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MEGANN EBERHART | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN FITZPATRICK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KURT KLEIDON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE LIGHTNER | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NIKKI MARCHMON-BOYKIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL OLDHAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERTA ROGERS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STARLEEN SAULSBERRY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELE SETZER | TRUSTEE, RES | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE SMITH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL SNYDER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN STARR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL STEEL | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT TRATTNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY TUCKER | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| 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 | $359,966 | $317,700 | $327,392 | $42,266 |
| 2022 | $347,579 | $354,852 | $253,899 | $-7,273 |
| 2021 | $242,438 | $203,297 | $272,915 | $39,141 |
| 2020 | $165,379 | $201,877 | $260,576 | $-36,498 |
| 2018 | $217,575 | $196,029 | $279,774 | $21,546 |
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