Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)3Arts Inc, founded in 1912, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 23% operating deficit.
Founded in 1912, with a history centered on women artists, 3Arts is an Illinois nonprofit organization that supports artists working in the performing, teaching, and visual arts in the Chicago metropolitan area, including women artists, artists of color, and Deaf and disabled artists. By providing unrestricted awards, project funding, residencies, professional development, and promotion, the Organization helps artists take risks, experiment, and build momentum in their careers over time. The Organization is supported primarily through public contributions, government grants, and investment income.
3Arts Awards: 3Arts provides three types of unrestricted awards to Chicago artists. 3Arts Awards are $30,000 grants given to 10 artists annually. Awardees are selected by national jury panels...
3Arts Awards: 3Arts provides three types of unrestricted awards to Chicago artists. 3Arts Awards are $30,000 grants given to 10 artists annually. Awardees are selected by national jury panels comprised of leaders in their fields. The awards program is the entry point to multiyear support that includes project funding, professional development, and residency fellowships. Each new 3Arts awardee participates in Make a Wave, an artist-to-artist giving program in which they select another 10 artists to receive $2,000 grants.The Next Level Awards are second grants of $60,000 each, given to past 3Arts Award recipients at critical junctures in their careers.
3AP Project Support: 3Arts artists are invited to participate in 3AP, a unique crowdfunding platform that supports the creation of 20 new art works annually. 3Arts pays for 1/3 of each projects...
3AP Project Support: 3Arts artists are invited to participate in 3AP, a unique crowdfunding platform that supports the creation of 20 new art works annually. 3Arts pays for 1/3 of each projects funding goal, produces project video, and provides training in marketing and fundraising. To date 3Arts has supported over 200 new art works. This program maintains a 100% success rate with all artists reaching their funding goal.
Residency Fellowships: 3Arts Residency Fellowships provide artists with uninterrupted time and space to focus on their creative practices at artist communities that are restorative and stimulating...
Residency Fellowships: 3Arts Residency Fellowships provide artists with uninterrupted time and space to focus on their creative practices at artist communities that are restorative and stimulating. In partnership with Artist Communities Alliance, we offer all-expenses-paid fellowships with $2,000 honoraria and airfare to artists in our network who want a creative sojourn to partner sites in France, Florida, California, and Maine. In partnership with Bodies of Work, a consortium that includes the University of Illinois at Chicago, School of the Art Institute of Chicago, and Access Living, 3Arts provides local residencies for Deaf and disabled artists to support the creation of new work, professional development, and public presentations.
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 | $1,557,868 | $2,443,688 | -0.4% |
| Expenses | $1,917,306 | $1,656,829 | +0.2% |
| Net Income | $-359,438 | $786,859 | -1.5% |
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 |
|---|---|---|---|---|---|---|
| Katie Dowling | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kimberly Manuel - Dickens | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mel Smith | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Remberto Del Real | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Joanie Friedman | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Amy Cochran | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Pete Buse | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Sebastian Marentes | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Cheryl Desir | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Alice DuBose | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Whitney Hill | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Erica Hubbard | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Erica Kubly | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Katie Mohrfeld | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Jason Quiara | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Kathryn Simmons | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Michael Siurek | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Scott Wang | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Acasia Wilson Feinberg | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Esther Grimm | Executive Director | 40.00 |
Officer
Director
Key Emp
|
$186,582 | $32,923 | $219,505 |
| Sara Slawnik | Program Director | 40.00 |
Highest
|
$108,000 | $5,392 | $113,392 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,557,868 | $1,917,306 | $11,486,596 | $-359,438 |
| 2022 | $2,443,688 | $1,656,829 | $10,762,335 | $786,859 |
| 2021 | $2,551,186 | $2,152,519 | $12,078,620 | $398,667 |
| 2020 | $5,500,602 | $5,164,482 | $11,056,343 | $336,120 |
| 2019 | $1,511,439 | $1,228,023 | $10,119,051 | $283,416 |
| 2018 | $1,113,048 | $1,086,993 | $8,673,752 | $26,055 |
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