CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASSEMBLY FOR THE ARTS, founded in 2000, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 34% operating deficit.
ASSEMBLY FOR THE ARTS CONVENES, COORDINATES, AND COLLABORATES WITH EVERYONE WHO LIVES AND WORKS IN GREATER CLEVELAND TO STRENGTHEN AND SUPPORT THOSE IN THE REGION WHO CREATE, PRESENT, EXPERIENCE AND APPRECIATE ALL FORMS OF ARTS AND CULTURE.
LIST OF ACCOMPLISHMENTS FISCAL YEAR 2023-2024 (JULY 1, 2023 - JUNE 30, 2024) ASSEMBLY FOR THE ARTS (ASSEMBLY) WORKS TO ENSURE THAT EVERYONE WHO LIVES AND WORKS IN GREATER CLEVELAND BENEFITS FROM A...
LIST OF ACCOMPLISHMENTS FISCAL YEAR 2023-2024 (JULY 1, 2023 - JUNE 30, 2024) ASSEMBLY FOR THE ARTS (ASSEMBLY) WORKS TO ENSURE THAT EVERYONE WHO LIVES AND WORKS IN GREATER CLEVELAND BENEFITS FROM A DIVERSE AND EQUITABLE ARTS AND CULTURAL SECTOR, AND RECOGNIZES THAT THE ARTS ARE AN ESSENTIAL, DEFINING ELEMENT IN THE QUALITY OF LIFE, SOCIAL FABRIC, AND ECONOMIC VITALITY OF THE REGION. ASSEMBLY SUPPORTS THIS AIM BY SERVING CULTURAL NONPROFITS, ARTISTS, AND CREATIVE BUSINESSES THROUGH ADVOCACY FOR INCLUSIVE CULTURAL POLICY, RACIAL EQUITY INITIATIVES, RESEARCH AND MARKETING THAT ELEVATES ARTS AND CULTURE IN THE REGION. DURING THE 2023-24 FISCAL YEAR, ASSEMBLY FOR THE ARTS ACCOMPLISHED THE FOLLOWING: ONLINE RESOURCES - ASSEMBLY FOR THE ARTS HOSTS FREE EDUCATIONAL CONTENT ON ITS OWN WEBSITE AND COLLABORATED ON MANAGING THE FREE WEBSITE CLEVELAND ARTS AND EVENTS. THE WEBSITES CONTAIN EDUCATIONAL INFORMATION ABOUT BUSINESS PLANNING FOR ARTISTS, RESEARCH ABOUT GREATER CLEVELAND ARTS AND CULTURE, GRANTS, LOANS, SPACE, ARTIST REGISTRY AND OTHER RESOURCES TO SUPPORT CREATIVE INDUSTRIES. ARTS AND CULTURE POLICY - ASSEMBLY FACILITATED MULTIPLE COMMUNITY DIALOGUES, FORUMS AND INDIVIDUAL MEETINGS TO PROVIDE EDUCATION AND INFORMATION FOR DECISION MAKERS AND THE LOCAL ARTS AND CULTURE COMMUNITY ON LOCAL PUBLIC POLICIES THAT WOULD BENEFIT THE COMMUNITY. RESEARCH - ASSEMBLY DISSEMINATED THE RESULTS OF A NATIONAL STUDY OF ARTS AND CULTURE ECONOMIC IMPACT THAT INCLUDED GREATER CLEVELAND. ASSEMBLY HELD A LISTENING CAMPAIGN AND RESEARCH TO ASSESS THE NEEDS, CHALLENGES AND OPPORTUNITIES FOR INDIVIDUAL ARTISTS AND CREATIVE PROFESSIONALS. TECHNICAL ASSISTANCE CONSULTANCIES - STAFF OFFERED FREE INDIVIDUALIZED COUNSEL TO ARTISTS, CULTURAL NONPROFITS, AND CREATIVE BUSINESSES AND THOSE WISHING TO ENGAGE WITH THEM. SESSIONS PRIMARILY PROVIDED STRATEGIC ADVICE POINTING TO PERTINENT RESEARCH, COMMUNITY RESOURCES, AND CONTACTS THAT COULD SUPPORT THEIR ARTS AND CULTURAL ENDEAVORS. ARTIST SUPPORT - ASSEMBLY WORKED WITH 16 INDIVIDUAL ARTISTS TO SUPPORT THEM FINANCIALLY AND THROUGH OTHER SUPPORT SERVES FOR THEIR COMMUNITY-BASED PROJECTS INCLUDING PROJECTS SUCH AS A YOUTH PHOTOGRAPHY PROGRAM, SUSTAINABLE RAIN BARREL ART PROGRAM, INTERGENERATIONAL COMMUNITY DRUM CIRCLE PROGRAM AND OTHERS. ASSEMBLY ALSO OFFERED COURSES ON QUICKBOOKS FOR SMALL ARTIST BUSINESSES AND PARTNERED ON A COMMUNITY EVENT TO CONNECT ARTISTS WITH BUSINESS SUPPORT NONPROFITS. ASSEMBLY PROVIDED FISCAL SPONSORSHIP FOR A NUMBER MISSION-DRIVEN ARTS AND CULTURAL PROJECTS INCLUDING, FOR EXAMPLE, A DANCE ORGANIZATION TO PRESERVE POSITIVE HIP HOP CULTURE, ART-PRINT WORKSHOPS FOR UNDERSERVED YOUTH, AND A FREE COMMUNITY CELEBRATION OF JUNETEENTH WITH CREATIVE PERFORMANCES AND LOCAL RESOURCES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,140,010 | $3,300,637 | -0.7% |
| Expenses | $1,522,760 | $3,000,578 | -0.5% |
| Net Income | $-382,750 | $300,059 | -2.3% |
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 |
|---|---|---|---|---|---|---|
| JEREMY V JOHNSON | PRESIDENT AN | 40.00 |
Officer
|
$208,721 | $35,722 | $244,443 |
| CHINENYE NKEMERE | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARRIE CARPENTER | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHANELLE SMITH WIGHAM | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA MADISON | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY FALCONE-HALL | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRED BIDWELL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KATHY BLACKMAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| APRIL MILLER BOISE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LENORA INEZ BROWN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TALISE CAMPBELL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MORDECAI CARGILL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIE ESLICK | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CHANN FOWLER-SPELLMAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ALLISON LUKACSY-LOVE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CLYDE MILES | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE NELSON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TONY PANZICA | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| VINCE ROBINSON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| AFI-ODELIA SCRUGGS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TONY SIAS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL WESTLAKE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LEONARD YOUNG | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ZULMA ZABALA | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,140,010 | $1,522,760 | $1,745,267 | $-382,750 |
| 2023 | $3,300,637 | $3,000,578 | $2,038,684 | $300,059 |
| 2022 | $844,284 | $995,123 | $1,686,811 | $-150,839 |
| 2021 | $2,915,552 | $2,493,815 | $1,992,382 | $421,737 |
| 2020 | $886,973 | $945,373 | $1,491,137 | $-58,400 |
| 2019 | $482,728 | $760,936 | $1,459,919 | $-278,208 |
Compare ASSEMBLY FOR THE ARTS with other nonprofits in Ohio and across the country.