DES MOINES, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAINFRAME STUDIOS, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 19% operating deficit.
Mainframe Studios is a financially self-sustaining nonprofit providing affordable workspaces to advance equity and opportunities in the arts. It is the largest nonprofit art studio building in the nation.
In 2024, Mainframe completed its second full year operating at 99% capacity. Creative workspaces are used by over 200 artists and 8 arts related nonprofits. Mainframe maintained a wait list of over...
In 2024, Mainframe completed its second full year operating at 99% capacity. Creative workspaces are used by over 200 artists and 8 arts related nonprofits. Mainframe maintained a wait list of over 85 applicants. Income from affordable rents generated enough revenue to cover operating costs. An additionl 4650 square foot event rental space provides a place for weddings, conferences, workshops, corporate parties and fundraisers to rent for a rental fee. Our second floor common area serves as a learning space where professional development sessions are regularly offered to help artists and their small businesses thrive. In June 2024, Mainframe took over management of Studio 108 to provide flexible arts and culture education space that is used for K-12 art field trips. The space is rented to dance groups on evenings and weekends to generate additional rental income and address community needs.
Mainframe Studios spends a portion of of its budget on programming for monthly First Friday Open Studio events that attract thousands of visitors. We average 2,400 attendees each month with over...
Mainframe Studios spends a portion of of its budget on programming for monthly First Friday Open Studio events that attract thousands of visitors. We average 2,400 attendees each month with over 14,000 people attending. That accounts for a sizable community impact and a total of 176,000 visitor experiences each year. The festive, free First Friday Studio events feature a unique and new experience for audiences each month. These include exhibitions in 4 gallery spaces, arts activities, and special guests and performances relating to various art forms such as ceramics, fashion, printmaking and painting. First Fridays also feature local musicians and affordable dinner options by local food vendors and resident caterers, Tangerine Food Company. Artists/tenants open their studios to connect with new customers and community members to help further their careers and artistic practices. Artists/tenants also develop and lead professional development sessions each week to improve business skills and accelerate their careers. Artists/tenants helped redesign the website to promote Mainframe, their studios and classes, and public events. Mainframe also self publishes a bi-annual studio director and gift guide that includes stories about our artists and partners.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,662,532 | $1,527,994 | +0.1% |
| Expenses | $1,982,601 | $2,009,905 | 0.0% |
| Net Income | $-320,069 | $-481,911 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| John McGowan | President | 10.00 |
Officer
Director
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$0 | $0 | $0 |
| Sarah Young | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Trettin | Treasurer | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jill Wells | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Justin Mandelbaum | Director | 0.25 |
Director
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$0 | $0 | $0 |
| David Schmitz | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Meredith Hubbell Stahl | Director | 0.25 |
Director
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$0 | $0 | $0 |
| Dr Kelly Baum | Director | 0.25 |
Director
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$0 | $0 | $0 |
| Gretchen Bohling | Director | 0.25 |
Director
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$0 | $0 | $0 |
| Jeff Chelesvig | Director | 0.25 |
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$0 | $0 | $0 |
| Julia Franklin-Jones | Executive Director | 50.00 |
Key Emp
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,662,532 | $1,982,601 | $9,808,236 | $-320,069 |
| 2023 | $1,527,994 | $2,009,905 | $10,125,236 | $-481,911 |
| 2022 | $3,251,639 | $1,559,009 | $10,836,605 | $1,692,630 |
| 2021 | $1,124,336 | $1,257,441 | $8,963,700 | $-133,105 |
| 2020 | $3,646,448 | $924,730 | $9,188,448 | $2,721,718 |
Compare MAINFRAME STUDIOS with other nonprofits in Iowa and across the country.