ADVOCATES FOR ART-BASED EDUCATION CORP (EIN 203814839) - 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

2006

Legal Domicile

Principal Officer

CHARMAINE DAVIS

Phone

5043043960

Tax Period

2022-07-01 to 2023-06-30

ADVOCATES FOR ART-BASED EDUCATION CORP, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $25.5M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

ADVOCATES FOR ARTS-BASED EDUCATION CORPORATION IS A NONPROFIT ENTITY THAT OPERATES THE WILLOW SCHOOL. THE WILLOW SCHOOL IS A KINDERGARTEN THROUGH 12TH GRADE NEW ORLEANS PUBLIC SCHOOL LOCATED IN UPTOWN NEW ORLEANS. A CHARTER SCHOOL IS A PUBLIC SCHOOL OPERATED PURSUANT TO AN AGREEMENT WITH THE LOCAL OR STATE SCHOOL BOARD WITH PUBLIC FUNDING. AS A TYPE 3 CHARTER, THE WILLOW SCHOOL IS A "LOCAL CHARTER" CONVERTED FROM AN EXISTING PUBLIC SCHOOL, THE WILLOW SCHOOL ELEMENTARY AND EXTENSION SCHOOL, AND IS STILL PART OF NEW ORLEANS PUBLIC SCHOOLS. IN THE SUMMER OF 2005, THE WILLOW SCHOOL BEGAN PURSUING CHARTER STATUS WITH AN OVERWHELMING VOTE OF APPROVAL BY BOTH THE PARENTS AND STAFF OF THE SCHOOL AS PROVIDED BY THE LOUISIANA CHARTER SCHOOL LAW. THE WILLOW SCHOOL SUBMITTED ITS CHARTER PROPOSAL TO THE ORLEANS PARISH SCHOOL BOARD, WHO APPROVED THE CHARTER APPLICATION IN SEPTEMBER 2005.

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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 $23,586,878

Program Service Revenue $1,812,029

Investment Income $115,352

Other Revenue $3,000

TOTAL REVENUE $25,517,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,848,066

Fundraising Expenses $49,627

Program Expenses $24,338,753

Other Expenses $6,792,927

TOTAL EXPENSES $25,640,993

Year-over-Year Comparison

	2022	2021	Change
Revenue	$25,517,259	$22,680,655	+0.1%
Expenses	$25,640,993	$22,028,724	+0.2%
Net Income	$-123,734	$651,931	-1.2%

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

363

Volunteers

223

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

$734,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE WILSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
GARY SOLOMON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RACHEL WISDOM	TREASURER	3.00	Officer Director	$0	$0	$0
KIKI HUSTON	SECRETARY	3.00	Officer Director	$0	$0	$0
BRENDA BOURNE	BOARD MEMBER	0.50	Director	$0	$0	$0
ALYSIA LOSHBAUGH	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD CORTIZAS	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER MCGOWAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHELLE BEATY	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS READE	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHLEEN RIEDLINGER	CEO	40.00	Officer	$388,006	$2,055	$390,061
NICOLETTE LONDON	CEO	40.00	Officer	$187,590	$5,010	$192,600
CHARMAINE DAVIS	CFO	40.00	Officer	$151,458	$0	$151,458
RONDA BAUDY MOORE	INTERIM HS PRINCIPAL	40.00	Highest	$122,399	$4,878	$127,277
KENDRA REINE HENRY	MS PRINCIPAL	40.00	Highest	$130,240	$0	$130,240
JANIS RICE	ES PRINCIPAL	40.00	Highest	$126,461	$256	$126,717
GEORGE FRANK ISRAEL JR	DIRECTOR OF OPERATIONS	40.00	Highest	$140,340	$5,008	$145,348
CHARLENE R HEBERT	DIRECTOR OF SCHOOL QUALITY	40.00	Highest	$139,640	$8,149	$147,789

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$25,517,259	$25,640,993	$29,844,805	$-123,734
2022	$22,680,655	$22,028,724	$29,849,402	$651,931
2021	$22,710,552	$20,271,407	$25,052,581	$2,439,145
2020	$20,402,490	$19,347,377	$25,647,770	$1,055,113
2019	$20,072,455	$20,111,955	$21,141,425	$-39,500
2018	$19,619,143	$19,668,688	$20,746,960	$-49,545

ADVOCATES FOR ART-BASED EDUCATION CORP