NORTHEAST MINNEAPOLIS ARTS ASSOC

EIN: 411890854 501(c)(3) Arts, Culture & Humanities

Minneapolis, MN

Total Revenue
$445,132
Total Expenses
$537,922
Total Assets
$225,096
Net Assets
$220,001
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
Anna Becker
Phone
6127881679
Tax Period
2023-01-01 to 2023-12-31

NORTHEAST MINNEAPOLIS ARTS ASSOC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $445K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $538K exceeded revenue, resulting in a 21% operating deficit.

Mission

Northeast Minneapolis Arts Association (NEMAA) strengthens and supports our local artist community with resources, promotion and fellowship.

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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 (2023)

Revenue Breakdown

Contributions & Grants $358,613
Program Service Revenue $84,955
Investment Income $1,564
Other Revenue $0
TOTAL REVENUE $445,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,212
Fundraising Expenses $25,233
Program Expenses $456,523
Other Expenses $389,710
TOTAL EXPENSES $537,922

Year-over-Year Comparison

2023 2022 Change
Revenue $445,132 $322,139 +0.4%
Expenses $537,922 $412,629 +0.3%
Net Income $-92,790 $-90,490 +0.0%
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
2
Volunteers
80

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
5
$75,354
Total Directors
14
$1,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anna Becker Executive Director 40
Officer
$75,354 $0 $75,354
Anna Palmquist Board Member 1
Director
$750 $0 $750
Suyao Tian Board Member 1.00
Director
$750 $0 $750
Sarah Gillund President 1
Officer Director
$0 $0 $0
Meg Erke Vice President 1
Officer Director
$0 $0 $0
Kenosha Davenport Treasurer 1
Officer Director
$0 $0 $0
Robert Kasak Secretary 2
Officer Director
$0 $0 $0
Don Ball Board Member 1.00
Director
$0 $0 $0
Cynthia Berg Board Member 1
Director
$0 $0 $0
Steven Irvin Johnson Board Member 1
Director
$0 $0 $0
Amira Friedson Board Member 1
Director
$0 $0 $0
Lydia Millard Board Member 1
Director
$0 $0 $0
Madison Berry Board Member 1
Director
$0 $0 $0
Brian Burke Board Member 1
Director
$0 $0 $0
Krista Marino Board Member 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
2024 No data No data No data No data
2023 $445,132 $537,922 $225,096 $-92,790
2022 $322,139 $412,629 $170,177 $-90,490
2021 $293,014 $257,858 $165,106 $35,156
2020 $252,008 $247,557 $94,190 $4,451
2019 $309,734 $257,867 $68,157 $51,867
2018 $231,669 $338,565 $28,395 $-106,896
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