ALEXANDRIA, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MINNESOTA LAKES MARITIME SOCIETY, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $939K, a strong 61% operating margin.
PROMOTE AND PRESERVE THE HISTORY AND CULTURE OF LAKE LIFE THROUGH INTERPRETIVE EXHIBITS, EDUCATIONAL PROGRAMS, COLLECTIONS MANAGEMENT AND SPECIAL EVENTS.
MUSEUM ATTENDANCE DURING THE SEASON WAS 4,733, A CONTINUED UPWARD TREND AFTER COVID. VISITOR STATISTICS SHOW A 17.5% INCREASE IN NUMBER OF STATES REPRESENTED, A 32% INCREASE IN NUMBER OF MN TOWNS...
MUSEUM ATTENDANCE DURING THE SEASON WAS 4,733, A CONTINUED UPWARD TREND AFTER COVID. VISITOR STATISTICS SHOW A 17.5% INCREASE IN NUMBER OF STATES REPRESENTED, A 32% INCREASE IN NUMBER OF MN TOWNS REPRESENTED, A 51% INCREASE IN FIRST-TIME VISITORS AND A 38% INCREASE IN REPEAT VISITORS. FUNDING FROM THE TAHOE MARITIME FOUNDATION ALLOWED AN INCREASE IN THE NUMBER OF EDUCATION PROGRAMS OFFERED FROM 9 TO 30 SERVING 816 PARTICIPANTS, UP 88% FROM 2022. THREE NEW EXHIBITS WERE MOUNTED, INCORPORATING NEW EXHIBIT CASES AND IPADS WITH INTERACTIVE PROGRAMS. A RARE 1934 TRIPLE- COCKPIT GRAVEATTE USED BY THE 3M COMPANY AT IT'S RESORT IN PARK RAPIDS, MN WAS ACCEPTED INTO THE COLLECTION. THE ANNUAL BOAT SHOW, FAMILY DAY AND MUSIC IN THE GARDENS CONCERTS ALL HAD AN INCREASE IN ATTENDANCE.
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 | $1,532,281 | $816,428 | +0.9% |
| Expenses | $593,530 | $500,882 | +0.2% |
| Net Income | $938,751 | $315,546 | +2.0% |
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 |
|---|---|---|---|---|---|---|
| KATIE WILLIAMS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVE BORTNER | VICE-PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON STEINBRING | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN ENGELEN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RUSS STICHA | PAST-PRESIDE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BALUSEK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY DIEBALD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT FRICKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE JOST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN KARLSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDY LUIKENS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LOWELL PICKETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBYN SNYDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,532,281 | $593,530 | $4,775,602 | $938,751 |
| 2022 | $816,428 | $500,882 | $3,707,612 | $315,546 |
| 2021 | $731,131 | $388,154 | $3,565,175 | $342,977 |
| 2020 | $461,700 | $366,148 | $3,458,909 | $95,552 |
| 2019 | $446,194 | $383,307 | $3,412,589 | $62,887 |
| 2018 | $644,432 | $438,980 | $3,314,017 | $205,452 |
Compare MINNESOTA LAKES MARITIME SOCIETY with other nonprofits in Minnesota and across the country.