MADISON, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MADISON ART AND INNOVATION CENTER, founded in 2023, is a small nonprofit in the Human Services sector that reported $216K in total revenue in fiscal year 2024. Revenue surged 762% from the prior year, signaling strong growth momentum.
THE MISSION OF THE MADISON ART AND INNOVATION CENTER (THE CENTER) IS TO SERVE AS AN ACCESSIBLE, EQUITABLE AND INCLUSIVE SPACE FOR ART, CULTURE, INNOVATION AND COMMUNITY BUILDING. TO ACHIEVE THESE ENDS, THE CENTER WILL ENGAGE IN THE FOLLOWING PRIMARY ACTIVITIES: (1) PROVIDING FREE MEETING SPACE AND SUPPORTIVE RESOURCES FOR NONPROFITS AND COMMUNITY ORGANIZATIONS; (2) HOSTING COMMUNITY EDUCATION RELATED TO HEALTHY LIVING, WELLNESS, AND OTHER EDUCATIONAL TOPICS; (3) PROVIDING FREE ART- AND MUSIC-FOCUSED EXPERIENCES TO THE PUBLIC BY OFFERING SPACE FOR LOCAL ARTISTS TO DISPLAY WORK, HOSTING MUSICAL PERFORMANCES AND CONCERT SERIES, AND PROVIDING CLASSROOM SPACE FOR ARTS EDUCATION; AND (4) COMMUNITY WELLNESS CLASSES AND PROGRAMS.
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 | $215,548 | $25,000 | +7.6% |
| Expenses | N/A | N/A | N/A |
| Net Income | N/A | $25,000 | N/A |
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 |
|---|---|---|---|---|---|---|
| BRIDGET BLY | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY BORMANN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DALE HANDEEN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA HUSE | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID JERPSETH | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DEB MEYER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CONNOR PEOPLES | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG PETERSON | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTINE SHELSTAD | EXECUTIVE DI | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARIE SORKNES | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $215,548 | No data | $163,958 | No data |
| 2023 | $25,000 | No data | $25,000 | No data |
Compare THE MADISON ART AND INNOVATION CENTER with other nonprofits in Minnesota and across the country.