Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Artspace Projects Inc, founded in 1978, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.
Artspace's Mission is to create, foster, and preserve affordable space for artists and arts organizations.
Real Estate Projects - Provides properties that are sensitive to the unique needs and environment necessary for artists, arts organizations, workforce housing and arts venues, through wholly, or...
Real Estate Projects - Provides properties that are sensitive to the unique needs and environment necessary for artists, arts organizations, workforce housing and arts venues, through wholly, or partially owned limited partnerships which own commercial and/or residential properties. These real estate projects provide space for artists to work on their particular means of artistic expression. As an example, a painter or dancer needs space to produce a huge painting, or to practice their dance steps.
Development - Develops workforce housing, artist live/workspaces and cultural facilities with both public agencies and private groups by involvement in real estate projects as project coordinator...
Development - Develops workforce housing, artist live/workspaces and cultural facilities with both public agencies and private groups by involvement in real estate projects as project coordinator, developer, co-developer, and general contractor; informs and educates the general public and key decision makers about projects and issues related to workforce housing, space, artists and art facilities.
Asset & Performance Property Management - Asset Management oversees the Organization's limited partnership holdings to establish and maintain long-term financially and physically stable assets. It...
Asset & Performance Property Management - Asset Management oversees the Organization's limited partnership holdings to establish and maintain long-term financially and physically stable assets. It works closely with partners, funders, and management companies to ensure stability. Performance Property Management provides services for various projects and is responsible for overseeing daily operations, including financial management, physical conditions, tenant communications, and reporting on project statuses, particularly regarding issues that require owner input and decisions.
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 | $29,143,430 | $31,237,243 | -0.1% |
| Expenses | $30,384,969 | $31,211,929 | 0.0% |
| Net Income | $-1,241,539 | $25,314 | -50.0% |
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 |
|---|---|---|---|---|---|---|
| L Kelley Lindquist | President | 40.00 |
Officer
|
$239,316 | $29,160 | $268,476 |
| William Law | Chief Operating Officer | 40.00 |
Officer
|
$201,610 | $30,427 | $232,037 |
| Wendy Holmes | Sr. VP - Consulting | 50.00 |
Key Emp
|
$189,398 | $29,973 | $219,371 |
| Greg Handberg | Sr. VP - Properties | 50.00 |
Key Emp
|
$192,998 | $23,371 | $216,369 |
| Kathleen Kvern | Sr. VP - National Advancement | 40.00 |
Key Emp
|
$156,395 | $28,187 | $184,582 |
| Stacey Mickelson | VP - Governmental Relations | 40.00 |
Highest
|
$150,148 | $19,467 | $169,615 |
| Naomi Chu | VP - Asset Management | 40.00 |
Highest
|
$118,310 | $21,325 | $139,635 |
| Steven Stanley - To Sep | Chief Financial Officer | 50.00 |
Officer
|
$103,377 | $15,604 | $118,981 |
| Teri Deaver - Jan - Nov | VP - Consulting | 50.00 |
Highest
|
$107,562 | $17,527 | $125,089 |
| Kimberly Moore - Jan - Nov | Dir - Asset Management | 40.00 |
Highest
|
$100,579 | $15,932 | $116,511 |
| Andrew Michaelson | VP - Properties | 40.00 |
Highest
|
$108,160 | $5,408 | $113,568 |
| Beth Chalmers - From Sep | Chief Financial Officer | 50.00 |
Officer
|
$52,642 | $4,768 | $57,410 |
| Betty Massey | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Irene Quarshie | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mary Margaret MacMillan | Immediate Past Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Herman J Milliga Jr Jan - Oct | Immediate Past Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gary Cunningham | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Barbara Portwood | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mark W Addicks | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Devon Akmon | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Osh Ashruf | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Peter Beard | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Terry Benelli | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Randall Boursheidt | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Diane Dalto | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Matthew E Damon | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Louis Lou DeMars | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Marie Feely | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Ian Friendly | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Roy Gabay | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Joe Gibbons | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Burton Kassell | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Susan Kenny Stevens PhD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Suzanne Kopplinger | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Peter A Lefferts | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Peggy Lucas | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mary Margaret McMillan | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Manbeck | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Richard Martin Esq | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dan C Mehls | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sarah Oquist | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Ken Peterson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Elizabeth Redleaf | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Joel Ronning | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Scott | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Gloria Sewell | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jason Stamm | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chandler Wilson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Cree Zischke | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Janis Lane-Ewart - Jan - Oct | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Ceil Cirillo - Jan - Oct | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Annamarie Saarinen - Jan - Oct | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Curtis Thornhill - Jan - Apr | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Neal Richardson - Jan - Oct | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $29,143,430 | $30,384,969 | $98,678,653 | $-1,241,539 |
| 2022 | $31,237,243 | $31,211,929 | $88,532,198 | $25,314 |
| 2021 | $34,500,813 | $32,563,575 | $90,966,612 | $1,937,238 |
| 2020 | $23,726,997 | $24,291,955 | $88,637,954 | $-564,958 |
| 2019 | $27,774,570 | $28,922,567 | $83,623,207 | $-1,147,997 |
| 2018 | $32,690,096 | $34,047,475 | $74,144,253 | $-1,357,379 |
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