Staples, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FORUM OF REGIONAL ARTS COUNCILS OF MINNESOTA INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2020. Revenue surged 385% from the prior year, signaling strong growth momentum. Expenses of $297K left a modest 6% surplus.
The Forum of Regional Arts Councils of Minnesota is a consortium of the eleven Regional Arts Councils that serve all Minnesota counties, providing continuous improvement of the individual councils through implementation of best practices in programming, management, and leadership development and information for Minnesota artists and organizations. The Forum provides a means for regional arts councils to work on common collaborative projects that serve the needs of the statewide arts community, work on common issues and concerns, provide an opportunity for regional arts council directors to network with their statewide counterparts and take part in professional development activities related to grant making, leadership and management.
The Forum provided a professional development opportunity for all 11 Minnesota regional arts councils to participate in a Diversity, Equity, and Inclusion learning process. The initiative included...
The Forum provided a professional development opportunity for all 11 Minnesota regional arts councils to participate in a Diversity, Equity, and Inclusion learning process. The initiative included participation in planning sessions focused on Diversity, Equity and Inclusion as it relates to funding arts projects. Smaller initiatives and training focused on anti-bias and cultural diversity.
The Forum provided technical assistance through information exchange, networking and planning opportunities, information and referral, training and statewide projects that impact the arts community...
The Forum provided technical assistance through information exchange, networking and planning opportunities, information and referral, training and statewide projects that impact the arts community in Minnesota. The Forum also provides grants for Professional Development and Leadership opportunities.
MN Disaster Relief Fund Covid 19 digital relevance project
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $315,000 | $65,000 | +3.8% |
| Expenses | $297,282 | $35,057 | +7.5% |
| Net Income | $17,718 | $29,943 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| Mara Hanel | Director | 1 |
Director
|
$0 | $0 | $0 |
| Mary Minnick-Daniels | Director | 1 |
Director
|
$0 | $0 | $0 |
| Robin Pearson | Director | 1 |
Director
|
$0 | $0 | $0 |
| Mark Turner | Director | 1 |
Director
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$0 | $0 | $0 |
| Leslie Lecuyer | Director | 1 |
Director
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$0 | $0 | $0 |
| Nicole DeBoer | Director | 1 |
Director
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$0 | $0 | $0 |
| Laura Seter | Director | 1 |
Director
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$0 | $0 | $0 |
| Brenda Byron | Director | 1 |
Director
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$0 | $0 | $0 |
| Kathy Mouacheupao | Vice President | 2 |
Officer
Director
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$0 | $0 | $0 |
| Drew Digby | President | 2 |
Officer
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$0 | $0 | $0 |
| Maxine Adams | Treasurer | 2 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $315,000 | $297,282 | $17,718 | $17,718 |
Compare FORUM OF REGIONAL ARTS COUNCILS OF MINNESOTA INC with other nonprofits in Minnesota and across the country.