MINNETONKA, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARETE ACADEMY, founded in 2014, is a small nonprofit in the Education sector that reported $556K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.
ARETE ACADEMY OF EXCEPTIONAL EDUCATION IS COMMITTED TO PARTNERING WITH STUDENTS, PARENTS, AND THE COMMUNITY TO PROVIDE A NURTURING ENVIRONMENT FOR GIFTED STUDENTS WHO LEARN DIFFERENTLY. AT ARETE, EACH STUDENT'S UNIQUE GIFTS ARE RECOGNIZED AND CELEBRATED, AND THEIR LEARNING DIFFERENCES ARE ACCEPTED AND SUPPORTED. STUDENTS EXPERIENCE A SENSE OF BELONGING AND BUILD SELF-ESTEEM THROUGH PROGRAMMING FOCUSED ON STRENGTH-BASED LEARNING, FLEXIBILITY, EDUCATIONAL TECHNOLOGY, AND A COMMITMENT TO EMBRACING THE WHOLE CHILD. WE STRIVE TO MEET EACH STUDENT'S ACADEMIC, SOCIAL AND EMOTIONAL NEEDS TO ENCOURAGE THEM TO REACH THEIR FULL POTENTIAL AND APPLY THEIR GIFTS TO MAKE LASTING CONTRIBUTIONS TO THEIR COMMUNITY.
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 | $556,089 | $599,131 | -0.1% |
| Expenses | $567,989 | $622,472 | -0.1% |
| Net Income | $-11,900 | $-23,341 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| ROB BRZEZINSKI | FOUNDER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERICA BUGENHAGEN | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| CHRISSY BURNSIDE | SECRETARY | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| KATY HOKANSON | VICE PRESIDENT | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| DIANE MONCRIEF | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| BLAKE SCHMIDT | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| DIANE SPANGLER | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEAH BRZEZINSKI | CHAIR | 20.00 |
Officer
|
$0 | $0 | $0 |
| MAXWELL S MELBY | DIRECTOR | 0.50 |
Officer
|
$63,994 | $0 | $63,994 |
| ANNE DUNNINGAN | STAFF SECRETARY | 0.50 |
Officer
|
$18,962 | $0 | $18,962 |
| JAMIE M TEIGEN | ASSISTANT DIRECTOR | 0.50 |
Officer
|
$30,128 | $0 | $30,128 |
| 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 | $556,089 | $567,989 | $616,914 | $-11,900 |
| 2022 | $599,131 | $622,472 | $638,027 | $-23,341 |
| 2021 | $1,006,828 | $627,525 | $768,003 | $379,303 |
| 2020 | $779,839 | $705,809 | $384,923 | $74,030 |
| 2019 | $982,189 | $915,785 | $269,235 | $66,404 |
| 2018 | $950,527 | $924,212 | $311,995 | $26,315 |
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