Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Praxis Integrated Fiber Workshop, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $421K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 17% operating margin.
The mission of Praxis is to revitalize the field of fiber art in the Cleveland area by giving local artists and community members access to fiber related equipment, classes, and studio space.
Praxis offers a variety of courses open to all community members. These courses specialize in the processes of textile arts such as weaving, fabric surface design and yarn spinning. There are two...
Praxis offers a variety of courses open to all community members. These courses specialize in the processes of textile arts such as weaving, fabric surface design and yarn spinning. There are two, six-month sessions during the year where one day workshops run on Saturdays and five week courses run in the evenings (approximately 75 classes).
Our Digital Weaving Lab hosts two TC2 looms. These looms are manufactured in Norway and are the only looms with jacquard capability for the handweaver to use. We host two week residency programs...
Our Digital Weaving Lab hosts two TC2 looms. These looms are manufactured in Norway and are the only looms with jacquard capability for the handweaver to use. We host two week residency programs where artists come from all over the world to acccess this equipment. We host 48 artist residents per year.
Praxis offers three tiers of membership for artists who wish to use our workshop as a studio space. The basic membership level at $55/month allows access during open studio hours only when Praxis...
Praxis offers three tiers of membership for artists who wish to use our workshop as a studio space. The basic membership level at $55/month allows access during open studio hours only when Praxis staff is present. The second tier, working membership for $125/month allows 24/7 access to the facility. Finally, there are five private studios available at $275/month (50 total members). We have added an indigo memebrship at a sliding scale of $50-$250/year for those interested in using the indigo vats at Praxis.
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 | $421,119 | $328,808 | +0.3% |
| Expenses | $347,914 | $358,120 | 0.0% |
| Net Income | $73,205 | $-29,312 | -3.5% |
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 |
|---|---|---|---|---|---|---|
| Jessica Pinsky | Executive Director | 40.00 |
Officer
Director
|
$75,779 | $0 | $75,779 |
| Philipe Benard | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Elia Pestana | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Christy Gray | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Joyce Jentoft | Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Pam Gill | Chair | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $421,119 | $347,914 | $240,529 | $73,205 |
| 2023 | $328,808 | $358,120 | $171,405 | $-29,312 |
| 2022 | $305,950 | $230,272 | $209,997 | $75,678 |
| 2021 | $232,048 | $200,853 | $137,882 | $31,195 |
Compare Praxis Integrated Fiber Workshop with other nonprofits in Ohio and across the country.