DETROIT LAKES, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROJECT 412, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 24% operating deficit.
PROJECT 412 IS RECOGNIZED AS A 501(C)(3) NONPROFIT ORGANIZATION (EIN 88 3176887), ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PUBLIC CHARITABLE PURPOSE AND HAVING A MISSION TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF DETROIT LAKES AND THE SURROUNDING 412 LAKES AREA. AS A CATALYST, CHEERLEADER, AND CONNECTOR FOR PUBLIC ART, FREE COMMUNITY EVENTS, FREE COACHING AND SUPPORT TO ENTREPRENEURS, AND PLACEMAKING, PROJECT 412 QUALIFIES FOR SALES TAX EXEMPTION UNDER MINNESOTA STATUTES ?297A.70, SUBD.4.
PROJECT 412 WAS CREATED WITH THE SOLE PUBLIC CHARITABLE PURPOSE OF MAKING DETROIT LAKES A BETTER PLACE FOR ALL. THE MISSION IS TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF THE 412 LAKES AREA AND...
PROJECT 412 WAS CREATED WITH THE SOLE PUBLIC CHARITABLE PURPOSE OF MAKING DETROIT LAKES A BETTER PLACE FOR ALL. THE MISSION IS TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF THE 412 LAKES AREA AND WE DO THAT BY OFFERING A PLETHORA OF FREE EVENTS AND OPPORTUNITIES FOR THE COMMUNITY. WE ARE CREATING A NEW PUBLIC PARK THAT WILL PROVIDE FREE ACCESS TO THE ENTIRE COMMUNITY AND ALL VISITORS TO 50 ACRES OF BEAUTIFUL LANDSCAPE, PUBLIC ART, AND TRAILS. WE PROMOTE THE ARTS IN A WAY THAT FOSTERS MENTAL HEALTH, COMMUNITY CONNECTION, CIVIC PRIDE, AND A SENSE OF BELONGING. WE HAVE HIRED ARTISTS TO CREATE VIBRANT MURALS AND SMALLER ART SURPRISES PLUS WE'VE COMMISSIONED PERMANENT SCULPTURES FOR PUBLIC SPACES INCLUDING THE THOMAS DAMBO GIANT TROLL PROJECT. WE AIM TO TRANSFORM PUBLIC SPACES INTO CREATIVE, THOUGHT-PROVOKING ENVIRONMENTS. OUR PROJECTS, LIKE CLIMBING BOULDERS AND GIANT KITES ON THE LAKE, ENCOURAGE PEOPLE TO ENGAGE WITH ART IN UNEXPECTED AND PLAYFUL WAYS. WE BELIEVE THAT ART HAS THE POWER TO UPLIFT, HEAL, AND BRING PEOPLE TOGETHER, CREATING A SENSE OF PRIDE AND UNITY WITHIN THE COMMUNITY. THROUGH THESE INSTALLATIONS, WE STRIVE TO SPARK JOY, INSPIRE CREATIVITY, AND PROVIDE EVERYONE WITH AN OPPORTUNITY TO FEEL CONNECTED TO THEIR SURROUNDINGS AND EACH OTHER.
AS STATED IN OUR MISSION, 100% OF ALL WE DO IS FOR CHARITABLE PURPOSES. WE HAVE CREATED A SERIES OF FREE MUSIC CONCERTS IN THE PARK THAT BRING SO MUCH JOY, HEALING, AND A SENSE OF BELONGING TO OUR...
AS STATED IN OUR MISSION, 100% OF ALL WE DO IS FOR CHARITABLE PURPOSES. WE HAVE CREATED A SERIES OF FREE MUSIC CONCERTS IN THE PARK THAT BRING SO MUCH JOY, HEALING, AND A SENSE OF BELONGING TO OUR COMMUNITY. MUSIC HAS THE POWER TO CONNECT PEOPLE, ESPECIALLY IN A RELAXED, OPEN ENVIRONMENT LIKE OUR CITY PARK WHERE PEOPLE CAN GATHER WITHOUT BARRIERS. WE HELP SUPPORT LOCAL TALENT AND OFFER VARIOUS GENRES TO APPEAL TO ALL WALKS OF LIFE AND BRING PEOPLE TOGETHER, HELPING TO FORM LASTING HUMAN CONNECTIONS.
OUR ECOSYSTEM BUILDER PROGRAM IS A FREE CHARITABLE SERVICE CENTERED ON COMMUNITY GROWTH AND WELL-BEING, WHICH IS SO IMPORTANT IN FOSTERING LONG- TERM POSITIVE CHANGE. BY OFFERING FREE COACHING AND...
OUR ECOSYSTEM BUILDER PROGRAM IS A FREE CHARITABLE SERVICE CENTERED ON COMMUNITY GROWTH AND WELL-BEING, WHICH IS SO IMPORTANT IN FOSTERING LONG- TERM POSITIVE CHANGE. BY OFFERING FREE COACHING AND SUPPORT TO NEW ENTREPRENEURS AND EXISTING BUSINESSES, WE'RE CREATING A DYNAMIC AND THRIVING LOCAL ECONOMY. THE FUTURE ADDITION OF GARDEN SPACES AND TRAILS WILL GREATLY ENHANCE THE PHYSICAL AND MENTAL HEALTH OF OUR COMMUNITY MEMBERS, TOO, WHILE ALSO PROVIDING A SERENE SPACE FOR FAMILIES TO RECONNECT. WE CREATE FREE COLLABORATIVE EVENTS THAT BRING PEOPLE TOGETHER, SPARK IDEAS AND SHARE KNOWLEDGE. BY PROVIDING A PLATFORM FOR COMMUNITY MEMBERS TO EXCHANGE THESE IDEAS, WE'RE FOSTERING A SENSE OF OWNERSHIP AND INVOLVEMENT THAT CAN LEAD TO LASTING PARTNERSHIPS AND INNOVATIONS.
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 | $1,291,367 | $1,011,983 | +0.3% |
| Expenses | $1,597,539 | $574,555 | +1.8% |
| Net Income | $-306,172 | $437,428 | -1.7% |
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 |
|---|---|---|---|---|---|---|
| AMY STEARNS | EXECUTIVE DI | 40.00 |
Officer
|
$105,000 | $0 | $105,000 |
| MICHELLE MAIER | VP OPERATION | 30.00 |
Officer
|
$48,960 | $0 | $48,960 |
| SCOTT D BUSKER | VICE PRESIDE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| ERIC FLYEN | TREASURER | N/A |
Officer
Director
|
$0 | $0 | $0 |
| MARK FRITZ | PRESIDENT | N/A |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES SEUNTJENS | SECRETARY | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,291,367 | $1,597,539 | $240,924 | $-306,172 |
| 2023 | $1,011,983 | $574,555 | $549,230 | $437,428 |
| 2022 | $272,500 | $84,123 | $191,341 | $188,377 |
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