TAPESTRY FOLKDANCE CENTER

EIN: 411459618 501(c)(3) Arts, Culture & Humanities

Minneapolis, MN

Total Revenue
$346,540
Total Expenses
$381,322
Total Assets
$561,099
Net Assets
$514,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
Principal Officer
Hristina Markova
Phone
6127222914
Tax Period
2024-07-01 to 2025-06-30

TAPESTRY FOLKDANCE CENTER, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $347K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $381K exceeded revenue, resulting in a 10% operating deficit.

Mission

Tapestry Folkdance Center's mission is "Tapestry Folkdance Center welcomes all to participate in the joy of dance and music from a variety of cultural traditions."

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $140,453
Program Service Revenue $199,677
Investment Income $4,245
Other Revenue $2,165
TOTAL REVENUE $346,540

Expense Breakdown

Grants Paid $9,812
Salaries & Benefits $148,666
Fundraising Expenses $3,715
Program Expenses $266,154
Other Expenses $222,844
TOTAL EXPENSES $381,322

Year-over-Year Comparison

2024 2023 Change
Revenue $346,540 $317,726 +0.1%
Expenses $381,322 $267,588 +0.4%
Net Income $-34,782 $50,138 -1.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
65

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$59,546
Key Employees
1
$59,546
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sherisa Oie Executive Director 30
Director Key Emp Highest
$59,546 $0 $59,546
Hollie Benton Board President 2
Officer Director
$0 $0 $0
Judine Pattinson Vice President 2
Officer Director
$0 $0 $0
Susan Knutson Secretary 1
Officer Director
$0 $0 $0
Kevin Geraghty Treasurer 2
Officer Director
$0 $0 $0
Nancy Sather Member at Large 1
Director
$0 $0 $0
Arthur Bjorngjeld Member at Large 1
Director
$0 $0 $0
Mary Wells Board Member 1
Director
$0 $0 $0
Hristina Markova Board Member 1
Director
$0 $0 $0
Lydia McAnerney Member at Large 1
Director
$0 $0 $0
Sally Gordon Member at Large 1
Director
$0 $0 $0
Carrie Guenther Member at Large 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $346,540 $381,322 $561,099 $-34,782
2024 $317,726 $267,588 $570,722 $50,138
2023 $260,247 $234,235 $525,928 $26,012
2022 $232,010 $213,551 $500,373 $18,459
2020 $205,034 $214,304 $542,129 $-9,270
2019 $212,036 $267,509 $542,266 $-55,473
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