Duluth, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARMORY ARTS AND MUSIC CENTER, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 367% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 87% operating margin.
To preserve the Duluth Armory and its historic value to American culture and the arts, while encouraging its reuse, placing emphasis on arts & education.
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 | $2,557,903 | $548,238 | +3.7% |
| Expenses | $341,996 | $151,824 | +1.3% |
| Net Income | $2,215,907 | $396,414 | +4.6% |
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 |
|---|---|---|---|---|---|---|
| Mark Poirer | Executive Director | 40 |
Key Emp
|
$52,083 | $0 | $52,083 |
| Nelson French | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Roger Reinert | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Zane Bail | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Robert Hewitt | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Deborah Scott | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Laura Weintraub | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Sara Blanck | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Tom Hollenhorst | Secretary | 1 |
Officer
|
$0 | $0 | $0 |
| Mike Poupore | Vice President | 1 |
Officer
|
$0 | $0 | $0 |
| Carolyn Sundquist | President | 4 |
Officer
|
$0 | $0 | $0 |
| Mary Ostman | Treasurer | 5 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,557,903 | $341,996 | $6,474,137 | $2,215,907 |
| 2023 | $2,579,366 | $463,711 | $4,614,194 | $2,115,655 |
| 2022 | $548,238 | $151,824 | $4,250,585 | $396,414 |
| 2021 | $198,495 | $143,477 | $3,849,559 | $55,018 |
| 2020 | $88,931 | $120,459 | $3,797,436 | $-31,528 |
Compare ARMORY ARTS AND MUSIC CENTER with other nonprofits in Minnesota and across the country.