ANNANDALE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ANNANDALE ART AND TEXTILE CENTER, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.
A VOCATIONAL WEAVING PROGRAM FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES, PROVIDING EMPLOYMENT, JOB SKILLS, AND VOCATIONAL SKILLS.
THE ANNANDALE ART AND TEXTILE CENTER (AATC) IS A 501C3 NON-PROFIT THAT PROVIDES A VOCATIONAL WEAVING ARTS PROGRAM CALLED "HEART OF THE LAKES WEAVERS", EMPLOYING ADULTS AGES 18-60, WITH A VARIETY OF...
THE ANNANDALE ART AND TEXTILE CENTER (AATC) IS A 501C3 NON-PROFIT THAT PROVIDES A VOCATIONAL WEAVING ARTS PROGRAM CALLED "HEART OF THE LAKES WEAVERS", EMPLOYING ADULTS AGES 18-60, WITH A VARIETY OF LEARNING STYLES AND ABILITIES. IN 2024, WE EMPLOYED 11 WEAVERS (2 ADULTS LEFT THEIR EMPLOYMENT DURING THE YEAR) AND 1 INTERN. IN ADDITION:*270 - THE AVERAGE FABRIC YARDAGE PRODUCED/MONTH BY OUR HEART OF THE LAKES WEAVERS.*725 - ONE OF A KIND WOVEN TOWELS SOLD*4,433 - WOVEN ITEMS SOLD*1,757 - NUMBER OF PIECES OF ART AND FINE CRAFT SOLD, ALL CREATED BY AREA ARTISTS.*16 - NUMBER LOOMS ACTIVELY IN USE ON A DAY-TO-DAY BASIS.*2,208 - VOLUNTEER HOURS BY 30 DEDICATED VOLUNTEERS*2,213 SALES TRANSACTIONS (UP 44.1% OVER 2023)CLASSES FOR THE GENERAL PUBLIC:AATC ALSO OFFERS OVER 30 CLASSES FOR THE PUBLIC AND 194 CLASS REGISTRANTS IN 2024, FROM ACROSS THESTATE. THESE CLASSES INCLUDE ACRYLIC PAINTING, FOUR-SHAFT WEAVING, ACRYLIC MIXED MEDIA, NEEDLE FELTEDLANDSCAPES, SPINNING, INTRODUCTION TO WATERCOLOR, TAPESTRY, SKETCHBOOK JOURNALING, CERAMIC FIGURES, KROKBRAGD WEAVING, DOUBLE WEAVE, WEAVING WEARABLES AND BAGS, BLOCK PRINTING AND AN EVER-EXPANDING CATALOG OF PUBLIC CLASSES.BUILDING EXPANSION:IN LATE 2024 WE BEGAN OUR SECOND EXPANSION. ONCE COMPLETED, THIS WILL PROVIDE AN ADDITIONAL 1,000 SQUARE FEET FOR A DEDICATED WEAVING STUDIO. THIS SPACE WILL HOUSE SOME OF OUR HEART OF THE LAKES WEAVERS AND BETTER ACCOMMODATE OUR GROWING COHORT OF PUBLIC WEAVING STUDENTS THAT ATTEND CLASSES FROM ALL AROUND THE STATE.THE HEART OF THE LAKES WEAVERS:WITHIN OUR WALLS AND WITH THE FAMILIES OF OUR HEART OF THE LAKES WEAVERS (ADULTS WITH A VARIETY OF LEARNING STYLES AND ABILITIES) WE CONTINUE TO NOTICE:- EXPANDED VOCABULARY ACROSS ALL LEARNING STYLES AND ABILITIES.- INCREASE PROBLEM SOLVING PROFICIENCY- INCREASED NUMERACY AND LITERACY- INCREASED SEQUENCING- INCREASED PATTERNING ABILITIES- OVERALL COMMUNICATION ABILITIES- SELF-RELIANCE AS WELL WE TEAMWORK- SELF-ADVOCACY (I WANT, I NEED)- PHYSICAL STAMINA (AS WEAVING IS A PHYSICAL EMBODIED ACTIVITY- IMPROVED SELF-ESTEEM- INDEPENDENCE- AND ARTISTRY!THE HEART OF THE LAKES WEAVERS CONTINUE TO DEMONSTRATE EXCEPTIONAL WEAVING AND FIBER ARTISTRY. THE BEST OUTCOME OF ALL IS THAT THEY ARE THRIVING.INCREASED VISIBILITY AND ENGAGEMENT:WE CONTINUE TO HAVE A ROBUST SOCIAL MEDIA PRESENCE. OUR MONTHLY NEWSLETTER CONSISTENTLY HAS A 54+% OPEN RATE (ABOVE INDUSTRY AVERAGE) AND FACEBOOK, INSTAGRAM, PINTEREST POSTS GENERATE AN ACTIVE FOLLOWING.
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 | $250,459 | $270,734 | -0.1% |
| Expenses | $262,581 | $259,149 | +0.0% |
| Net Income | $-12,122 | $11,585 | -2.0% |
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 |
|---|---|---|---|---|---|---|
| ELIZABETH BAYER | CHAIR & EXECUTIVE DIRECTOR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE BAYER | TREASURER | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE NIKLAUS | SECRETARY | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| MARY BARKLEY BROWN | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| JOHN DANIELS | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| ROBIN WELTER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| LISA DANIELS | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $250,459 | $262,581 | $34,233 | $-12,122 |
| 2023 | $270,734 | $259,149 | $46,302 | $11,585 |
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