MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)MINNEAPOLIS COLLEGE OF ART AND DESIGN, founded in 1988, is a mid-sized nonprofit in the Education sector that reported $40.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $46.5M exceeded revenue, resulting in a 15% operating deficit.
MCAD PROVIDES A TRANSFORMATIVE EDUCATION WITHIN A COMMUNITY OF SUPPORT FOR CREATIVE STUDENTS OF ALL BACKGROUNDS TO WORK, COLLABORATE, AND LEAD WITH CONFIDENCE IN A DYNAMIC, INTERCONNECTED WORLD.
MCAD TRANSFORMS THE WORLD THROUGH CREATIVITY AND PURPOSE BY EDUCATING INDIVIDUALS TO BE PROFESSIONAL ARTISTS AND DESIGNERS, PIONEERING THINKERS, CREATIVE LEADERS, AND ENGAGED GLOBAL CITIZENS. WITH A...
MCAD TRANSFORMS THE WORLD THROUGH CREATIVITY AND PURPOSE BY EDUCATING INDIVIDUALS TO BE PROFESSIONAL ARTISTS AND DESIGNERS, PIONEERING THINKERS, CREATIVE LEADERS, AND ENGAGED GLOBAL CITIZENS. WITH A CURRICULUM THAT IS BASED ON THE BELIEF THAT TO BECOME A PROFESSIONAL ARTIST, DESIGNER, OR VISUALIZER, ONE MUST STUDY THEORY, SKILL, FORM, AND CONTENT, ALL MCAD PROGRAMS CENTER ON THE DEVELOPMENT OF STUDIO AND PROFESSIONAL SKILLS THAT ENCOURAGE STUDENTS TO THINK CONCEPTUALLY, FORMULATE CREATIVE SOLUTIONS, AND MAKE ART. ALL MCAD PROGRAMS CHALLENGE STUDENTS TO PROGRESS TO THE HIGHEST LEVELS OF ARTISTIC EXPRESSION AND INTELLECTUAL INVESTIGATION.MCAD'S FOUR-YEAR CURRICULUM INTEGRATES THE LIBERAL ARTS INTO EIGHT BACHELOR OF FINE ARTS DEGREE MAJORS IN ANIMATION, COMIC ART, CREATIVE WRITING, FINE ARTS, GRAPHIC DESIGN, MEDIA ARTS, ILLUSTRATION, AND PRODUCT AND FURNITURE DESIGN, PLUS A FOUR-YEAR BACHELOR OF SCIENCE DEGREE PROGRAM IN CREATIVE ENTREPRENEURSHIP. STUDENTS CAN MINOR IN ADVERTISING, ANIMATION, ART HISTORY, COMIC ART, CREATIVE WRITING, CURATORIAL STUDIES, ENGAGED AND PUBLIC ARTS, ENTREPRENEURSHIP, EXPERIMENTAL GAMES, GRAPHIC DESIGN, ILLUSTRATION, PRINT PAPER BOOK, SOUND, AND TEACHING ARTS.ADVANCED DEGREES OFFERED AT MCAD INCLUDE A TWO-YEAR MASTER OF FINE ARTS DEGREE PROGRAM IN VISUAL STUDIES; A 30-CREDIT ONLINE MASTER OF ARTS DEGREE PROGRAM IN SUSTAINABLE DESIGN; A 30-CREDIT ONLINE MASTER OF ARTS DEGREE PROGRAM IN GRAPHIC AND WEB DESIGN; AND A FIFTEEN-MONTH ONLINE/LOW-RESIDENCY MASTER OF ARTS DEGREE PROGRAM IN CREATIVE LEADERSHIP. MCAD ALSO OFFERS EDUCATIONAL OPPORTUNITIES TO THE GENERAL PUBLIC THROUGH ITS CONTINUING EDUCATION, ONLINE LEARNING, AND EXHIBITION PROGRAMS.IN 2023, MCAD EXPANDED ITS CAMPUS BY ACQUIRING A BUILDING ADJACENT TO THE CAMPUS TO EXPAND STUDENT HOUSING CAPACITY. MCAD NOW REQUIRES ON CAMPUS RESIDENCY FOR FIRST- AND SECOND-YEAR STUDENTS THAT IMPROVES THE STUDENT EXPERIENCE AND SENSE OF COMMUNITY. THE PEER MENTOR PROGRAM WAS UPDATED TO INCLUDE MORE ROBUST TRAINING FOR THE MENTORS AS WELL AS MORE STRUCTURE AROUND EVENTS, BRINGING FIRST YEAR STUDENTS TOGETHER. AS THE FOUNDATIONS CORE CURRICULUM CONTINUES TO EVOLVE, ALONG WITH THE RESIDENCY REQUIREMENT AND THE IMPROVED PEER MENTOR PROGRAM, THERE HAS BEEN A CLEAR POSITIVE IMPACT ON FIRST YEAR RETENTION AND OVERALL STUDENT SUCCESS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $40,585,478 | $45,829,228 | -0.1% |
| Expenses | $46,504,971 | $44,299,244 | +0.0% |
| Net Income | $-5,919,493 | $1,529,984 | -4.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SANJIT SETHI | PRESIDENT | 40.00 |
Officer
Director
|
$378,491 | $24,651 | $403,142 |
| CHRIS BARRY | CO-CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ME MARTHA KIRWAN | CO-CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTINE ANDERSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KOBBY APPIAH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA AUSTRIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRUCE BEAN | LIFE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN CALMENSON | LIFE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTHA DAYTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CY DECOSSE '52 | LIFE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA DEV | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLIOT FELIX | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEAN FREEMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG HOFFMAN '92 | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WIN HORNIG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HEATHER MATTERA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BATALIA MCFARLANE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG MCGEE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CLINTON H MORRISON | LIFE TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARION PARKE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK D PIHLSTROM | IMMEDIATE PAST CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH PIPER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NEIL TULI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSEMARY UGBOAJAH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG VAN BELLINGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HUNTER PALMER WRIGHT | IMMEDIATE PAST CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY ALMA NOONAN | CFO | 40.00 |
Officer
|
$177,734 | $22,193 | $199,927 |
| ROBERT RANSICK | VP OF ACADEMIC AFFAIRS | 40.00 |
Key Emp
|
$158,796 | $38,444 | $197,240 |
| MELISSA HUYBRECHT | VP OF ENROLLMENT MANAGEMENT | 40.00 |
Highest
|
$146,187 | $8,040 | $154,227 |
| JENNIFER ZUCCOLA | VP OF STUDENT AFFAIRS | 40.00 |
Highest
|
$128,677 | $25,117 | $153,794 |
| MATTHEW HOBAN | AVP TECHNOLOGY | 40.00 |
Highest
|
$119,987 | $12,574 | $132,561 |
| ANNIE CLEVELAND | VP OF COMMUNICATIONS | 40.00 |
Highest
|
$135,168 | $43,176 | $178,344 |
| PAULA ANDERSON | AVP OF FACILITIES | 40.00 |
Highest
|
$113,193 | $11,030 | $124,223 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $40,585,478 | $46,504,971 | $108,484,637 | $-5,919,493 |
| 2024 | $45,829,228 | $44,299,244 | $109,062,799 | $1,529,984 |
| 2023 | $36,079,383 | $42,699,410 | $86,888,481 | $-6,620,027 |
| 2022 | $41,322,391 | $41,458,343 | $94,159,332 | $-135,952 |
| 2021 | $37,306,489 | $36,426,772 | $102,060,839 | $879,717 |
| 2020 | $37,447,640 | $36,707,484 | $91,043,825 | $740,156 |
| 2019 | $36,897,761 | $35,685,405 | $91,825,327 | $1,212,356 |
| 2018 | $36,922,051 | $33,802,600 | $93,984,466 | $3,119,451 |
Compare MINNEAPOLIS COLLEGE OF ART AND DESIGN with other nonprofits in Minnesota and across the country.