GRAND MARAIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTH HOUSE FOLK SCHOOL, founded in 1997, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2025. Expenses of $3.1M left a modest 14% surplus.
TO ENRICH LIVES AND BUILD COMMUNITY BY TEACHING TRADITIONAL NORTHERN CRAFTS IN A STUDENT-CENTERED LEARNING ENVIRONMENT THAT INSPIRES THE HANDS, HEART AND MIND.
CENTRAL TO NORTH HOUSE EDUCATIONAL EFFORTS TO "ENRICH LIVES AND BUILD COMMUNITY THROUGH THE TEACHING OF TRADITIONAL NORTHERN CRAFTS" ARE ITS YEAR-ROUND OFFERINGS OF COURSES. IN A TYPICAL YEAR, OVER...
CENTRAL TO NORTH HOUSE EDUCATIONAL EFFORTS TO "ENRICH LIVES AND BUILD COMMUNITY THROUGH THE TEACHING OF TRADITIONAL NORTHERN CRAFTS" ARE ITS YEAR-ROUND OFFERINGS OF COURSES. IN A TYPICAL YEAR, OVER 400 CLASSES FEATURING THE LEADERSHIP OF 160+ REGIONAL ARTISANS BRING ALIVE THE STORIES AND SKILLS CONNNECTED TO TRADITIONS RANGING FROM MOOSE-HIDE MUKLUK MAKING TO TIMBER FRAME SAUNA BUILDING, INTRO TO BLACKSMITHING TO CEDAR-STRIP CANOE BUILDING, GREEN-WOOD BOWN CARVING TO WOOD-FIRED BREAD BAKING. CLASSES RANGE IN LENGTH FROM 4 HOURS TO TEN DAYS, WITH SMALL GROUPS OF STUDENTS LEARNING IN COLLABORATION WITH A HIGHLY SKILLED ARTISAN INSTRUCTOR.
BUILDING COMMUNITY IS ALSO CENTRAL TO NORTH HOUSE'S YEAR-ROUND EFFORTS INCLUE THREE KEY SEASONAL COMMUNITY EVENTS (WOODEN BOAT SHOW IN JUNE, UNPLUGGED & THE FOLK ARTISAN MARKETPLACE IN SEPTEMBER...
BUILDING COMMUNITY IS ALSO CENTRAL TO NORTH HOUSE'S YEAR-ROUND EFFORTS INCLUE THREE KEY SEASONAL COMMUNITY EVENTS (WOODEN BOAT SHOW IN JUNE, UNPLUGGED & THE FOLK ARTISAN MARKETPLACE IN SEPTEMBER, WINTERER'S GATHERING & ARTIC FILM FESTIVAL IN NOVEMBER), FREQUENT PUBLIC SPEAKERS AT KEY EVENTS AND ALIGNED WITH KEY THEMATIC PROGRAM WEEKS, MINI-WORKSHOPS FOR FIRST TIME VISITORS TO CAMPUS, AND AN INSTRUCTOR-IN-RESIDENCE PROGRAM. AS A PUBLIC SERVICE, THESE EFFORTS ARE LARGELY OFFERED FREE OF CHARGE OR AT REDUCED RATES AS PART OF STRENGTHENING NORTH HOUSE'S CONNECTION TO ITS LOCAL COMMUNITY, THESE COMMUNITY EFFORTS ENGAGE 10,000+ INDIVIDUALS IN A TYPICAL YEAR.
NORTH HOUSE IS FORTUNATE TO WORK WITH A KEY FUNDING PARTNER AS PART OF ITS COMMUNTIY OF CRAFT INITIATIVE WHICH ACTIVELY OFFERS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR THE TRADITIONAL CRAFT...
NORTH HOUSE IS FORTUNATE TO WORK WITH A KEY FUNDING PARTNER AS PART OF ITS COMMUNTIY OF CRAFT INITIATIVE WHICH ACTIVELY OFFERS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR THE TRADITIONAL CRAFT ARTISANS WHO TEACH OR COLLABORATE WITH THE SCHOOL. THESE EFFORTS INCLUDE: AN ANNUAL INSTRUCTOR RETREAT FEATURING COURSES, SEMINARS, PEER ENGAGEMENT AND PLANNING SESSIONS; A TEN-MONTH TRADITIONAL CRAFT PROGRAM INTERNSHIP DESIGNED TO ENGAGE POST- COLLEGE PARTICIPANTS INTERESTED IN EDUCATION AND NONPROFIT ADMINISTRATION; A TWO-YEAR ARTISAN DEVELOPMENT PROGRAM TO ADVANCE THE POTENTIAL OF EMERGING ARTISANS; AND PROFESSIONAL STAFF LEADERSHIP FOR BOTH OUR YEAR-ROUND CURRICULUM AND INSTRUCTOR PARTNERSHIPS. NORTH HOUSE WORKS ANNUALLY WITH 200+ ARTISANS AT ALL LEVELS OF DEVELOPMENT.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $3,604,563 | $3,723,002 | 0.0% |
| Expenses | $3,113,150 | $2,692,097 | +0.2% |
| Net Income | $491,413 | $1,030,905 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| MIKE PROM | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANE ALEXANDER | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREG KOSCHINSKA | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHIL OSWALD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JARROD DAHL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT DESCHAMPE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ARI FUAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDACE GISLASON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY HUBBARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REID LINDQUIST | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDI LYDERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTON MOODY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARA PHILLIPS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SCHOENHERR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN SKEELS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAIR STODDARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KARI WENGER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL WINTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG WRIGHT | EXECUTIVE DI | 40.00 |
Officer
|
$105,706 | $0 | $105,706 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,604,563 | $3,113,150 | $10,082,550 | $491,413 |
| 2024 | $3,723,002 | $2,692,097 | $9,452,642 | $1,030,905 |
| 2023 | $4,355,039 | $2,452,401 | $8,243,237 | $1,902,638 |
| 2022 | $2,952,504 | $2,235,472 | $6,282,572 | $717,032 |
| 2021 | $2,869,523 | $1,858,011 | $5,818,844 | $1,011,512 |
| 2020 | $1,897,141 | $1,471,428 | $4,774,502 | $425,713 |
| 2019 | $2,035,206 | $1,990,115 | $4,172,807 | $45,091 |
| 2018 | $2,302,018 | $1,686,536 | $4,159,406 | $615,482 |
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