Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Northeast Minneapolis Arts Association (NEMAA) strengthens and supports our local artist community with resources, promotion and fellowship.
NEMAA presents Art-A-Whirl (AAW) in Northeast Minneapolis annually during the third weekend of May. During AAW, private studios and galleries are open to the public, creating a unique opportunity for...
NEMAA presents Art-A-Whirl (AAW) in Northeast Minneapolis annually during the third weekend of May. During AAW, private studios and galleries are open to the public, creating a unique opportunity for artists and community to connect. Over 1,200 NEMAA artists members participate in 80 locations, and hundreds of local organizations and businesses become members and advertisers. NEMAA prints 20,000 Artists Directories/AAW Guides to distribute throughout the year, coordinates free trolleys and info stations. Participating artists: 1,200. Estimated number of visitors: 100,000. **Fall Open Studios. A seasonal counterpoint to Art-A-Whirl, Fall Open Studios serves as the umbrella term for several individual open studio events which NEMAA compiles and distributes information for, providing promotion for the participants. Number of persons benefited 10,000.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare NORTHEAST MINNEAPOLIS ARTS ASSOC with other nonprofits in Minnesota and across the country.