Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPEWELL MUSIC COOPERATIVE-NORTH, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $281K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $322K exceeded revenue, resulting in a 15% operating deficit.
To empower underserved youth and adult students in North Minneapolis through high quality and affordable music education that is accessible to all regardless of age, background, ability, or financial circumstance.
Educational Programming - Our music programming consists of our Lesson Program, Ensembles, Group Classes, and Early Childhood Education. We offer a sliding scale rate for our lesson, group classes...
Educational Programming - Our music programming consists of our Lesson Program, Ensembles, Group Classes, and Early Childhood Education. We offer a sliding scale rate for our lesson, group classes and early childhood programming. All of our ensembles are free to join for community members.
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 | $280,950 | $332,890 | -0.2% |
| Expenses | $322,197 | $324,808 | 0.0% |
| Net Income | $-41,247 | $8,082 | -6.1% |
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 |
|---|---|---|---|---|---|---|
| Andrea Myers | Executive Director | 30 |
Officer
Key Emp
|
$34,029 | $0 | $34,029 |
| Shemeka Bogan | Board Member | 0 |
Officer
|
$0 | $0 | $0 |
| Joe Clements | Board Member | 0 |
Officer
|
$0 | $0 | $0 |
| Minna Montgomery | Board Member | 0 |
Officer
|
$0 | $0 | $0 |
| Beth Young | Treasurer | 0 |
Officer
|
$0 | $0 | $0 |
| Jeannine Burnette | Board Chair | 0 |
Officer
|
$0 | $0 | $0 |
| GeoffreyWilson | Secretary | 0 |
Officer
|
$0 | $0 | $0 |
| William Pierce | Board Member | 0 |
Officer
|
$0 | $0 | $0 |
| Allegra Bidseye-Hannula | Board Member | 0 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $280,950 | $322,197 | $230,538 | $-41,247 |
| 2022 | $332,890 | $324,808 | $257,104 | $8,082 |
| 2021 | $419,936 | $267,043 | $244,472 | $152,893 |
| 2020 | $320,610 | $265,045 | $88,915 | $55,565 |
Compare HOPEWELL MUSIC COOPERATIVE-NORTH with other nonprofits in Minnesota and across the country.