Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Minnesota Bluegrass & Old-Time Music Association, founded in 1979, is a small nonprofit that reported $314K in total revenue in fiscal year 2024. Expenses of $397K exceeded revenue, resulting in a 27% operating deficit.
To preserve and promote bluegrass and old-time stringband music in and around the state of Minnesota, honoring tradition and encouraging innovation.
MBOTMA is a volunteer organization dedicated to the enjoyment and preservation of American string band music. Four multi-day events were held this year. Events consist of performances by local and...
MBOTMA is a volunteer organization dedicated to the enjoyment and preservation of American string band music. Four multi-day events were held this year. Events consist of performances by local and national acts, workshops, educational opportunities for aspiring players, and opportunities for amateur players to play together.
Minnesota Bluegrass Magazine is a monthly magazine published by the Minnesota Bluegrass & Old-Time Music Association. It offers a comprehensive calendar of live music events and features stories of...
Minnesota Bluegrass Magazine is a monthly magazine published by the Minnesota Bluegrass & Old-Time Music Association. It offers a comprehensive calendar of live music events and features stories of interest related to the organization's mission. It is a resource of music, playing, listening, and educational opportunities for our membership.
MBOTMA offers membership opportunities to string band musicians in and around Minnesota with a number of membership benefits, including connection to a network of fellow musicians, advance booking to...
MBOTMA offers membership opportunities to string band musicians in and around Minnesota with a number of membership benefits, including connection to a network of fellow musicians, advance booking to festivals, and a subscription to the Minnesota Bluegrass Magazine.
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 | $313,512 | $312,786 | +0.0% |
| Expenses | $397,257 | $381,466 | +0.0% |
| Net Income | $-83,745 | $-68,680 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| Dale Gruber | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Edie Loy | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Rudolph Marti | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Nathan Ertl | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Evonne Bilotta-Burke | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Lucy Weberling | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Penelope Hillemann | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Brett Day | Vice President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sophie Galep | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Russell Lane | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ross Willits | Executive Director | 40.00 |
Officer
|
$80,016 | $0 | $80,016 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $313,512 | $397,257 | $214,326 | $-83,745 |
| 2024 | $312,786 | $381,466 | $292,444 | $-68,680 |
| 2023 | $305,590 | $301,065 | $333,005 | $4,525 |
| 2022 | $378,486 | $339,057 | $325,538 | $39,429 |
| 2021 | $408,107 | $257,225 | $289,670 | $150,882 |
| 2020 | $149,730 | $147,790 | $147,067 | $1,940 |
Compare Minnesota Bluegrass & Old-Time Music Association with other nonprofits in Minnesota and across the country.