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.
To create, foster, and preserve affordable space for artists, entrepreneurs, and organizations.
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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