Maywood, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Maywood Fine Arts Association, founded in 1996, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $938K, a strong 39% operating margin.
The mission of Maywood Fine Arts is to provide affordable quality arts and fitness education to enrich and transform the lives of children and their families in Maywood and surrounding communities.
During FY2025, MFA served nearly 4,000 children: 803 non-duplicated students enrolled in MFAs grant-subsidized enrichment classes, and nearly 3,000 children who participated in outreach activities...
During FY2025, MFA served nearly 4,000 children: 803 non-duplicated students enrolled in MFAs grant-subsidized enrichment classes, and nearly 3,000 children who participated in outreach activities. MFAs programming ran from August 31, 2024 through July 12, 2025 providing 6,817 hours of instruction, with an average weekly enrollment of 970 and 100% of tuition costs being subsidized. More than half (61%) of MFA students served were from low-income or poverty level households, and in addition to the subsidized tuition, 45% of students received classes on full or partial scholarship. FY25 MFA Art & Fitness Classes: Dance: (256 students ) group classes in ballet, jazz, & tap, public performances in December & June Music: (240 students) individual voice, piano, drums, & guitar lessons. Music recitals in December & May; a piano competition in March Drama: (55 students) group acting classes focusing on scene and stage performance, 3 performances in May Visual Arts: (50 students) group classes covering various techniques & notable artists, a public exhibition in May Tumbling: (325 students): group tumbling classes with tumbling showcases in December & June Karate: (106 students): group karate classes with 3 opportunities to advance karate belt levels and an annual tournament in AprilIn March, MFA presented La Esmeralda, featuring 65 student dancers in the corps de ballet and 4 guest artists who served as inspiring role models. In addition to a public performance, a school show was attended by 1,000 local elementary school children, exposing them to the magic of ballet. MFA's partnership with local elementary School District 89, continued with MFA providing 300 preschool students, along with their parents, creative dance and tumbling workshops in April 2025. In addition, 24 teens and preteens participated in MFAs youth leadership program (GOTS) receiving training and compensation for serving as teaching assistants and providing support during MFA events.
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 | $2,419,980 | $2,050,797 | +0.2% |
| Expenses | $1,482,396 | $1,396,824 | +0.1% |
| Net Income | $937,584 | $653,973 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| Lois Baumann | Executive Dir. | 40.00 |
Officer
|
$90,000 | $0 | $90,000 |
| Nancy Payne | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin McGhee | Vice President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Catherine Chavez | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Myra Price | Secretary | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karen Daily | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Heidi Vance | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Mary Kay Martire | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Katine Neal-Turner | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Barb Hickey | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,419,980 | $1,482,396 | $4,995,272 | $937,584 |
| 2024 | $2,050,797 | $1,396,824 | $4,475,262 | $653,973 |
| 2023 | $1,175,420 | $1,222,965 | $3,452,535 | $-47,545 |
| 2022 | $1,414,903 | $1,093,092 | $3,515,801 | $321,811 |
| 2021 | $1,063,142 | $975,106 | $3,309,878 | $88,036 |
| 2020 | $919,060 | $960,518 | $3,226,249 | $-41,458 |
| 2019 | $1,273,893 | $951,892 | $3,162,613 | $322,001 |
| 2018 | $1,165,813 | $901,636 | $2,841,129 | $264,177 |
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