MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TEXTILE CENTER OF MINNESOTA, founded in 1994, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 28% operating deficit.
TEXTILE CENTER'S MISSION IS TO HONOR TEXTILE TRADITIONS, PROMOTE EXCELLENCE AND INNOVATION, NUTURE APPRECIATION, AND INSPIRE WIDESPREAD PARTICIPATION IN FIBER ART.
FOUNDED IN 1994, TEXTILE CENTER IS A NATIONAL CENTER FOR FIBER ART BASED IN MINNEAPOLIS, MINNESOTA. OUR PROGRAMMING INCLUDES YEAR-ROUND EXHIBITIONS, FIBER ART EDUCATION FOR ADULTS AND YOUTH, A...
FOUNDED IN 1994, TEXTILE CENTER IS A NATIONAL CENTER FOR FIBER ART BASED IN MINNEAPOLIS, MINNESOTA. OUR PROGRAMMING INCLUDES YEAR-ROUND EXHIBITIONS, FIBER ART EDUCATION FOR ADULTS AND YOUTH, A LIBRARY WITH MORE THAN 35,000 BOOKS AND PERIODICALS DEDICATED TO TEXTILES AND FIBER ART, A RETAIL ARTISAN SHOP THAT SUPPORTS REGIONAL ARTISTS, ROBUST COMMUNITY OUTREACH, OUR ELLEN EREDE WELLS DYE LAB AND DYE GARDEN, AND THE MCKNIGHT FELLOWSHIPS FOR FIBER ARTISTS.FIBER ART IS THE MOST WIDELY PRACTICED ART FORM IN MINNESOTA ("MINNESOTANS AND THE ARTS," MINNESOTA COMPASS), AND TEXTILE CENTER HAS BEEN ITS LEADING CHAMPION. OUR HOME AT 3000 UNIVERSITY AVE SE IN MINNEAPOLIS IS ADJACENT TO THE METRO GREEN LINE'S PROSPECT PARK STATION.TEXTILE CENTER IS COMMITTED TO EXPANDING FIBER ARTS KNOWLEDGE AND SKILLS, ALIGNED WITH OUR STRATEGIC GOALS TO: 1. LEAD WITH INCLUSIVE PRINCIPLES TO ENSURE ALL CONSTITUENTS - REGARDLESS OF RACE, GENDER, SEXUAL ORIENTATION, AGE, INCOME, OR DISABILITY - HAVE OPPORTUNITIES TO THRIVE.2. PRIORITIZE THE AFFORDABILITY AND ACCESSIBILITY OF OUR PROGRAMS.3. SUPPORT AND INSPIRE FIBER ARTISTS, MAKERS, AND APPRECIATORS AT ALL LEVELS THROUGH CLASSES, EXHIBITIONS, FELLOWSHIPS, SALES OPPORTUNITIES, AND COLLABORATIVE INITIATIVES.WE PRESENT MORE THAN 20 EXHIBITIONS ANNUALLY IN OUR FOUR GALLERIES - THE JOAN MONDALE GALLERY, MARY GILES GALLERY, COMMUNITY GALLERY, AND LIBRARY GALLERY. ALL EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC FIVE DAYS A WEEK AND ARE ALSO AVAILABLE VIRTUALLY ON OUR WEBSITE.TO FOSTER FIBER ARTS APPRECIATION AND ENTREPRENEURSHIP, OUR ARTISAN RETAIL SHOP PROVIDES THE PUBLIC WITH OPPORTUNITIES TO MEET ARTISTS THROUGH DEMONSTRATIONS, TRUNK SHOWS, AND EXHIBITS. WE ALSO MENTOR CONSIGNMENT ARTISTS IN BUSINESS PRACTICES.WE EMBRACE A WIDE SPECTRUM OF FIBER ARTS, INCLUDING WEAVING, QUILTING, KNITTING, SEWING, DYEING, FELTING, NEEDLEWORK, LACE MAKING, BEADING, SCULPTURE, INSTALLATION, SOFT SCULPTURE, AND MULTIMEDIA PIECES. OFFERINGS RANGE FROM INTRODUCTORY CLASSES FOR BEGINNERS TO EXHIBITIONS BY MASTER ARTISTS. OUR PROGRAMMING EXTENDS THROUGHOUT THE TWIN CITIES AND IS REACHING NEW AUDIENCES STATEWIDE AND NATIONALLY THROUGH ONLINE PLATFORMS.IN ADDITION TO FIBER ART CLASSES, WE PROVIDE RESOURCES FOR INNOVATION THROUGH THE ELLEN EREDE WELLS DYE LAB - A SPACE FOR LEARNING, EXPLORATION, AND EXPERIMENTATION - AND THE TEXTILE CENTER LIBRARY, ONE OF THE LARGEST CIRCULATING FIBER ART COLLECTIONS IN THE NATION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,111,957 | $1,287,390 | -0.1% |
| Expenses | $1,421,327 | $1,264,339 | +0.1% |
| Net Income | $-309,370 | $23,051 | -14.4% |
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 |
|---|---|---|---|---|---|---|
| KARL REICHERT | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$108,327 | $12,921 | $121,248 |
| JEFFREY J WHITE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORRI TALBERG | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CYNDI KAYE MEIER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ABIGAIL KOSBERG | SECRETARY THROUGH JANUARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERTA JONES | BOARD MEMBER/SECRETARY BEG' JANUARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALFREDO CHICLANA-BIRCH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROL GRIM | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH E HANSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAMELA JOHNS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROSANNE NATHANSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHIAKI O'BRIEN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY ANN SCHMIDT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MELAURA SCHMIDT DUNCAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KAREN WEIBERG | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,111,957 | $1,421,327 | $2,246,624 | $-309,370 |
| 2024 | $1,287,390 | $1,264,339 | $2,507,037 | $23,051 |
| 2023 | $1,166,686 | $1,050,220 | $2,444,518 | $116,466 |
| 2022 | $1,065,297 | $995,367 | $2,349,058 | $69,930 |
| 2021 | $802,435 | $906,502 | $2,483,413 | $-104,067 |
| 2020 | $1,291,977 | $1,113,485 | $2,302,928 | $178,492 |
| 2019 | $1,007,760 | $971,483 | $2,175,920 | $36,277 |
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