Northern Lakes Arts Association
Ely, Minnesota
B+Health Score
66B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$193K
Total Revenue
📊
$183K
Total Expenses
🏦
$77K
Net Assets
📋
$34K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+140.6%
Year-over-year change (2022 → 2023)
Net Margin
+4.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.42
Net assets divided by total expenses
Liabilities-to-Assets
30.8%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $192,772↑141% | $183,281↑178% | $111,806↑49% | |
| 2022 | $80,121↑115% | $65,872↑70% | $75,033↑25% | — |
| 2021 | $37,258↑72% | $38,688↑99% | $60,095 | — |
| 2020 | $21,721↓68% | $19,428↓65% | $60,175↑3% | — |
| 2019 | $68,095↑42% | $56,303↑41% | $58,404↑18% | — |
| 2018 | $48,002↓8% | $39,800 | $49,598↑29% | — |
| 2017 | $52,120↑12% | $39,637↑20% | $38,550↑77% | — |
| 2016 | $46,736↑115% | $32,918↓3% | $21,804↑173% | — |
| 2015 | $21,747↓83% | $33,984↓74% | $7,986↓61% | — |
| 2014 | $131,585↑292% | $131,757↑267% | $20,223↓1% | — |
| 2013 | $33,566↑7% | $35,889↓9% | $20,395↓10% | — |
| 2012 | $31,246↓61% | $39,276↓50% | $22,718↓26% | — |
| 2011 | $79,411 | $79,231 | $30,748 | — |
Frequently Asked Questions
What does Northern Lakes Arts Association do?▼
Northern Lakes Arts Association is a arts, culture & humanities nonprofit organization based in Minnesota. It is classified under NTEE code A600 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Northern Lakes Arts Association financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Northern Lakes Arts Association.
How much revenue does Northern Lakes Arts Association generate?▼
Northern Lakes Arts Association reports $353K in annual revenue and holds $139K in total assets, based on IRS filings.
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