ABUNDANCE ACADEMY OF THE ARTS INC (EIN 113811283) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

KARISMA JAY

Phone

3477881069

Tax Period

2022-01-01 to 2022-12-31

ABUNDANCE ACADEMY OF THE ARTS INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $334K in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $380K exceeded revenue, resulting in a 14% operating deficit.

Mission

OUR MISSION IS TO PROVIDE STELLAR ARTS PROGRAMMING TO STUDENTS WHO SEEK ENRICHMENT WITHIN THE ABUNDANCE THAT ALL OF THE ARTS PROVIDE. WE OFFER DANCE, THEATRICAL, VOCAL AND MUSIC FOR YOUTHS AND WELLNESS FOR ALL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $37,281

Program Service Revenue $296,675

Investment Income $0

Other Revenue $0

TOTAL REVENUE $333,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,194

Program Expenses $265,266

Other Expenses $379,518

TOTAL EXPENSES $379,518

Year-over-Year Comparison

	2022	2021	Change
Revenue	$333,956	$238,939	+0.4%
Expenses	$379,518	$301,856	+0.3%
Net Income	$-45,562	$-62,917	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$61,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA FERGUSON	PRESIDENT	7.00	Director	$0	$0	$0
TAI ABRAMS	VICE PRESIDENT	2.00	Director	$0	$0	$0
ONEKA BRYANT	BOARD MEMBER	2.00	Director	$0	$0	$0
ASTRID HURLEY	TREASURER	2.00	Director	$0	$0	$0
KARISMA JAY	EXECUTIVE DIRECTOR	50.00	Officer	$61,900	$0	$61,900

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$333,956	$379,518	$405,254	$-45,562
2021	$238,939	$301,856	$450,816	$-62,917
2020	$218,375	$214,143	$151,036	$4,232
2019	$260,445	$252,926	$23,304	$7,519

ABUNDANCE ACADEMY OF THE ARTS INC