AArts, Culture & HumanitiesEIN: 454807315· Ruling Year: 2013

Lakes Area Music Festival

Brainerd, Minnesota

BHealth Score
60B

Financial Health Score

8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.

Above Average

How This Organization Compares

Compared to 2 peers in Arts, Culture & Humanities with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.18×
Peer Median210.95×
💰
$877K
Total Revenue
📊
$900K
Total Expenses
🏦
$159K
Net Assets
📋
$3K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+3.6%
Year-over-year change (2022 → 2023)
Net Margin
-2.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.18
Net assets divided by total expenses
Liabilities-to-Assets
1.9%
Total liabilities as % of total assets

Filing History

11 filings on record
YearRevenueExpensesAssets
2023$877,3094%$899,6122%$161,88411%
2022$847,08421%$881,87549%$181,17237%
2021$699,53244%$592,90550%$288,53955%
2020$484,1427%$395,35729%$186,754257%
2019$518,8699%$554,34019%$52,3446%
2018$475,71332%$466,84834%$55,61419%
2017$360,68622%$349,33611%$46,66932%
2016$294,68229%$314,05138%$35,31938%
2015$227,82425%$227,21940%$57,1606%
2014$181,91441%$162,63572%$54,08355%
2013$129,438$94,633$34,805

Frequently Asked Questions

What does Lakes Area Music Festival do?

Lakes Area Music Festival is a arts, culture & humanities nonprofit organization based in Minnesota. It is classified under NTEE code A68 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Lakes Area Music Festival financially healthy?

Financial health scoring requires Form 990 filing data. Check back as we process more filings for Lakes Area Music Festival.

How much revenue does Lakes Area Music Festival generate?

Lakes Area Music Festival reports $1.1M in annual revenue and holds $116K in total assets, based on IRS filings.

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