Golden Valley, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LoveWorks Academy for Visual and Performance Arts, founded in 2005, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023.
To inspire life-long learning, empower ALL students academically, and nuture the arts.
Loveworks Academy provided approximately 89 students K-8 education, emphasizing a nurturing environment with a multidisciplinary approach to academics. The liberal arts curricula and teaching methods...
Loveworks Academy provided approximately 89 students K-8 education, emphasizing a nurturing environment with a multidisciplinary approach to academics. The liberal arts curricula and teaching methods are evaluated and continuously improved, high expectations are clearly defined and intellectual rigor is utilized to address the learning needs of all learners.
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 | $2,776,516 | $2,729,133 | +0.0% |
| Expenses | $3,008,714 | $2,957,540 | +0.0% |
| Net Income | $-232,198 | $-228,407 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| Donald Allen | Executive Director | 40.00 |
Officer
|
$14,311 | $1,396 | $15,707 |
| Arther Turner | Former Executive Director | 40.00 |
Officer
|
$67,000 | $6,619 | $73,619 |
| Richard Terrill | Former Executive Director | 40.00 |
Officer
|
$35,050 | $4,915 | $39,965 |
| Jeremy Harder | Vice Chair/Teacher | 40.00 |
Officer
Director
|
$30,699 | $2,908 | $33,607 |
| Raygen Gipson | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sophie Myllykrangas | Secretary/Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kimberly Kokx | Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Je' Hooper | Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Brittany Nix | Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,776,516 | $3,008,714 | $805,654 | $-232,198 |
| 2023 | $2,729,133 | $2,957,540 | $1,336,977 | $-228,407 |
| 2022 | $4,035,921 | $2,970,874 | $1,672,302 | $1,065,047 |
| 2021 | $2,698,924 | $2,591,187 | $1,217,250 | $107,737 |
| 2020 | $2,748,279 | $2,849,796 | $1,690,907 | $-101,517 |
| 2019 | $3,181,512 | $3,496,780 | $1,939,999 | $-315,268 |
| 2018 | $3,200,611 | $3,733,075 | $2,735,609 | $-532,464 |
Compare LoveWorks Academy for Visual and Performance Arts with other nonprofits in Minnesota and across the country.