MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOO VISUAL ARTS CENTER INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $249K in total revenue in fiscal year 2022. Expenses of $282K exceeded revenue, resulting in a 13% operating deficit.
SOO VISUAL ARTS CENTER IS A NONPROFIT ART SPACE THAT CONNECTS OUR COMMUNITY WITH FRESH, UNDER-REPRESENTED AND PROVOCATIVE ART.
GALLERY EXHIBITIONS: SOO VISUAL ARTS CENTER SCHEDULES A YEAR-ROUND CALENDAR OF EXHIBITS IN OUR GALLERY. ALL EXHIBITS ARE AUGMENTED WITH FREE OPENING EVENTS AND FREE ADMISSION TO THE GALLERY. OUR...
GALLERY EXHIBITIONS: SOO VISUAL ARTS CENTER SCHEDULES A YEAR-ROUND CALENDAR OF EXHIBITS IN OUR GALLERY. ALL EXHIBITS ARE AUGMENTED WITH FREE OPENING EVENTS AND FREE ADMISSION TO THE GALLERY. OUR CURATORIAL FOCUS PROMOTES CONTEMPORARY ARTISTS WHOSE WORK CHALLENGES AND EXPANDS CONVENTIONAL NOTIONS OF AESTHETICS AND IDEOLOGY.IN 2023, WE PRODUCED NINE EXHIBITIONS ONSITE, EIGHT EXHIBITIONS WITH COMMUNITY PARTNERS AND EXHIBITED 122 ARTISTS.
SOOVACS VIRTUAL CONNECTIONS IS ONLINE ROBUST ARTIST LED PROGRAMMING INCLUDING ARTIST TALKS, STUDIO VISITS, WORKSHOPS, AND COMMISSIONED ACTIVITES.THROUGH THIS WORK, WE HAVE PROVIDED ACCESS FOR...
SOOVACS VIRTUAL CONNECTIONS IS ONLINE ROBUST ARTIST LED PROGRAMMING INCLUDING ARTIST TALKS, STUDIO VISITS, WORKSHOPS, AND COMMISSIONED ACTIVITES.THROUGH THIS WORK, WE HAVE PROVIDED ACCESS FOR AUDIENCES AND ARTISTS THAT ARE UNABLE TO PHYSICALLY BE IN OUR SPACE. IN 2023, 20 ARTISTS VIDEO INTERVIEWS WERE SHARED ONLINE.
SOO VISUAL ARTS CENTER IN PERSON COMMUNITY PROGRAMMING. SOOVAC HOLDS WORKSHOPS, ARTIST TALKS, PANEL DISCUSSIONS, AND OTHER FREE COMMUNITY PROGRAMMING FOR STUDENTS, ARTISTS, EDUCATORS AND THE GENERAL...
SOO VISUAL ARTS CENTER IN PERSON COMMUNITY PROGRAMMING. SOOVAC HOLDS WORKSHOPS, ARTIST TALKS, PANEL DISCUSSIONS, AND OTHER FREE COMMUNITY PROGRAMMING FOR STUDENTS, ARTISTS, EDUCATORS AND THE GENERAL PUBLIC. IN 2023, 4 ARTIST TALKS, 3 ARTIST LED WORKSHOPS AND 1 ARTIST RESIDENCY WERE DONE.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $249,179 | $255,338 | 0.0% |
| Expenses | $281,846 | $255,504 | +0.1% |
| Net Income | $-32,667 | $-166 | +195.8% |
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 |
|---|---|---|---|---|---|---|
| CAROLYN PAYNE | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$61,662 | $7,887 | $69,549 |
| YIJIA LI | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBYNE ROBINSON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| CHERIE SHOQUIST | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL KLEBER DIGGS | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| MARC DAVIS | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| JOHN C LEVY | BOARD MEMBER | 10.00 |
Director
|
$0 | $0 | $0 |
| HEATHER WULFSBURG | BOARD MEMBER | 10.00 |
Director
|
$0 | $0 | $0 |
| MARK SPENCER | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| LIZA FERRARI | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| GRETCHEN GASTERLAND-GUSTAFSSON | BOARD CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALICIA GIBSON | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $249,179 | $281,846 | $77,704 | $-32,667 |
| 2022 | $255,338 | $255,504 | $67,768 | $-166 |
| 2021 | $254,147 | $230,294 | $96,630 | $23,853 |
| 2020 | $215,816 | $259,887 | $96,265 | $-44,071 |
| 2019 | $250,293 | $241,268 | $116,975 | $9,025 |
| 2018 | $203,187 | $214,953 | $148,174 | $-11,766 |
| 2018 | $203,187 | $224,011 | $139,117 | $-20,824 |
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