MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MINNESOTA ORCHESTRAL ASSOCIATION, founded in 1907, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $38.7M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $45.0M exceeded revenue, resulting in a 16% operating deficit.
THE MINNESOTA ORCHESTRA MISSION IS TO ENRICH, INSPIRE AND SERVE OUR COMMUNITY AS AN ENDURING SYMPHONY ORCHESTRA INTERNATIONALLY RECOGNIZED FOR ITS ARTISTIC EXCELLENCE.
THE GRAMMY AWARD-WINNING MINNESOTA ORCHESTRA IS RECOGNIZED FOR OUTSTANDING PERFORMANCES IN MINNESOTA AND AROUND THE WORLD, AS WELL AS FOR CRITICALLY-ACCLAIMED RECORDINGS, LIVESTREAMS, AND RADIO AND...
THE GRAMMY AWARD-WINNING MINNESOTA ORCHESTRA IS RECOGNIZED FOR OUTSTANDING PERFORMANCES IN MINNESOTA AND AROUND THE WORLD, AS WELL AS FOR CRITICALLY-ACCLAIMED RECORDINGS, LIVESTREAMS, AND RADIO AND TV BROADCASTS, AND A LONGTIME COMMITMENT TO STATE-WIDE MUSIC EDUCATION AND ENGAGEMENT PROGRAMS.THE 2023-24 SEASON WAS A CELEBRATORY YEAR IN WHICH THE ORCHESTRA INTRODUCED DANISH CONDUCTOR THOMAS SONDERGARD AS THE ORGANIZATION'S 11TH MUSIC DIRECTOR; FEATURED DEBUT PERFORMANCES WITH WIDE-RANGING ARTISTS FROM PIANIST YUJA WANG AND SAXOPHONE PLAYER STEVEN BANKS TO HIP-HOP STAR NUR-D; COMPLETED ITS RECORDING CYCLE OF THE TEN MAHLER SYMPHONIES; AND OFFERED ITS FIRST-EVER SIDE-BY-SDE EXPERIENCE WITH MUSIC EDUCATORS FROM ACROSS THE STATE. IN TOTAL, THE ORCHESTRA OFFERED 143 TICKETED AND FREE CONCERTS/EVENTS DURING THE 2023-24 SEASON WITH NEARLY 250,000 GUESTS ATTENDING. THE ORCHESTRA CONTINUED ITS PARTNERSHIP WITH TWIN CITIES PBS AND YOURCLASSICAL MPR TO CREATE THE BROADCAST AND LIVESTREAM SERIES THIS IS MINNESOTA ORCHESTRA. ACROSS THE SEASON THE ORCHESTRA PRODUCED FOUR LIVE CONCERTS FOR AUDIENCES AROUND THE WORLD AND DEBUTED THEM FREE OF CHARGE ON TV, RADIO AND ONLINE STREAMING; THESE DIGITAL CONCERTS RECEIVED NEARLY 170,000 VIEWS DURING THE 2023-24 SEASON. IN TOTAL, THE ORCHESTRA'S RADIO BROADCASTS AND AUDIO STREAMING REACHED MORE THAN 2.3 MILLION PEOPLE.MINNESOTA ORCHESTRA YOUNG PEOPLE'S CONCERTS WELCOMED 28,242 STUDENTS FROM 240 SCHOOLS ACROSS THE STATE TO EXPERIENCE CLASSICAL MUSIC AT ORCHESTRA HALL. 45% OF THOSE STUDENTS ATTENDED FOR FREE THANKS TO DONOR UNDERWRITING, WHILE THE OTHERS RECEIVED THEIR TICKETS FOR JUST $6.25. THE ORCHESTRA'S RELAXED FAMILY CONCERTS AND SENSORY-FRIENDLY PROGRAMS REACHED THOUSANDS MORE YOUNG PEOPLE AND THEIR PARENTS, INCLUDING AT A JANUARY 2024 FAMILY CONCERT THAT WAS CONDUCTED BY MUSIC DIRECTOR THOMAS SONDERGARD. AN ADDITIONAL 7,800 YOUNG PEOPLE ATTENDED CONCERTS FOR FREE ALONGSIDE THE ADULTS IN THEIR LIVES, AS PART OF THE ORCHESTRA'S HALL PASS PROGRAM. IN APRIL, THE ORCHESTRA OFFERED ITS FIRST EDUCATOR SIDE BY SIDE EXPERIENCE, IN WHICH 54 MUSIC EDUCATORS FROM 37 CITIES AROUND THE STATE JOINED THOMAS SONDERGARD AND THE MINNESOTA ORCHESTRA ONSTAGE FOR TWO REHEARSALS AND TWO CONCERTS. THE PROGRAM WAS DESIGNED TO SHINE A SPOTLIGHT ON THE WORK OF MUSIC EDUCATORS AND TO HELP THEM ADVOCATE FOR THE IMPORTANCE OF STATE-WIDE MUSIC PROGRAMS IN THE SCHOOLS. IN JULY THE ORCHESTRA PRESENTED SUMMER AT ORCHESTRA HALL, A MULTI-WEEK FESTIVAL THAT BROUGHT AUDIENCES DOWNTOWN TO EXPLORE MUSIC OF THE 1920S AND TO LAUNCH THE CELEBRATION OF ORCHESTRA HALL'S 50TH ANNIVERSARY, ALL CURATED BY PIANIST AND CREATIVE PARTNER JON KIMURA PARKER. WHETHER PERFORMING AT ORCHESTRA HALL, IN GREATER MINNESOTA OR ON A DIGITAL PLATFORM, THE MINNESOTA ORCHESTRA REMAINS COMMITTED TO BRINGING PEOPLE TOGETHER THROUGH MUSIC.
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 | $38,682,341 | $45,012,946 | -0.1% |
| Expenses | $45,026,578 | $45,244,361 | 0.0% |
| Net Income | $-6,344,237 | $-231,415 | +26.4% |
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 |
|---|---|---|---|---|---|---|
| MICHELLE MILLER BURNS | PRESIDENT & CEO | 40.00 |
Officer
|
$484,378 | $35,099 | $519,477 |
| IVAN WINSHIP | CFO | 40.00 |
Officer
|
$277,391 | $41,879 | $319,270 |
| ERIN KEEFE | MUSICIAN | 40.00 |
Highest
|
$284,215 | $31,380 | $315,595 |
| NATHAN HUGHES | MUSICIAN | 40.00 |
Highest
|
$282,502 | $10,441 | $292,943 |
| CAROLYN EGEBERG | VP OF ADVANCEMENT | 40.00 |
Key Emp
|
$246,586 | $31,573 | $278,159 |
| ROBERT WRIGHT | MUSICIAN | 40.00 |
Highest
|
$193,032 | $40,067 | $233,099 |
| FEI XIE | MUSICIAN | 40.00 |
Highest
|
$189,653 | $40,068 | $229,721 |
| SHERI NOTARO | VP OF PEOPLE AND CULTURE | 40.00 |
Highest
|
$194,763 | $31,126 | $225,889 |
| NANCY LINDAHL | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL MILLER | CHAIR-ELECT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEROME HAMILTON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AL LENZMEIER | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LLOYD KEPPLE | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL KLINGENSMITH | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARTY LUECK | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY LAWRENCE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KITA MCVAY | OFFICER AT-LARGE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL GRANGAARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ABIGAIL ROSE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA GOLD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BETSY FROST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB TUNHEIM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRANDON CARMACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN TILZER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE R WEBSTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA BURWELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CINDY OLMANSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN HIMLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC LEVINSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN GRANDSTRAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| YVONNE CHEEK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN HOLMES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROMA CALATAYUD-STOCKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DARREN ACHESON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE MAESER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNIE BETTS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA PENNINGTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN ASHE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE HOWE STEWART | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GORDY SPRENGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE GREEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY IHLENFELD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JON EISENBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE MILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN DAYTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANNINE BEFIDI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM WATKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EVAN CARRUTHERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG BAKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK VAN KUIJK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC SNUSTAD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN WILGERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MILUSKA NOVOTA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE HOFSTEDE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK WARFIELD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY MCQUEEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WARREN MACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAUREN ROUTHIER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAYSHA WARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LENI MOORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA MURRELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHY CUNNINGHAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK MAHONEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LUELLA GOLDBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGEE BRACKEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARILYN CARLSON NELSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK COPMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY SUMNERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAURICE HOLLOMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL LINDSAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSEY MAIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA PARADIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL ROOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM NEWTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM WELSH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM GEOFFRION | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM CARL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS HERR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAMAYNE BRAMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KARLA ROBERTSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH BREW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE ELLIOTT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROZ TSAI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROCHELLE BLEASE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILIP ISAACSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $38,682,341 | $45,026,578 | $195,825,227 | $-6,344,237 |
| 2023 | $45,012,946 | $45,244,361 | $201,128,365 | $-231,415 |
| 2022 | $61,899,613 | $41,548,793 | $203,262,521 | $20,350,820 |
| 2021 | $20,377,124 | $27,383,286 | $197,157,638 | $-7,006,162 |
| 2020 | $23,588,719 | $36,009,918 | $187,473,763 | $-12,421,199 |
| 2019 | $46,740,606 | $36,668,040 | $196,338,719 | $10,072,566 |
| 2018 | $32,930,293 | $39,513,664 | $197,801,525 | $-6,583,371 |
Compare MINNESOTA ORCHESTRAL ASSOCIATION with other nonprofits in Minnesota and across the country.