Northern Colorado Academy of Arts & Know (EIN 203981564) - 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

Samuel Kornfeld

Phone

9702262800

Tax Period

2024-07-01 to 2025-06-30

Northern Colorado Academy of Arts & Know, founded in 2006, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 14% surplus.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,175,030

Program Service Revenue $2,504,441

Investment Income $28,083

Other Revenue $47,971

TOTAL REVENUE $3,755,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,048,403

Fundraising Expenses $0

Program Expenses $2,769,813

Other Expenses $1,180,690

TOTAL EXPENSES $3,229,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,755,525	$2,933,057	+0.3%
Expenses	$3,229,093	$2,570,988	+0.3%
Net Income	$526,432	$362,069	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samuel Kornfeld	Board Chair	5.00	Officer Director	$0	$0	$0
Dorothy Shapland	Board Member	2.00	Director	$0	$0	$0
Scott Simmons	Board Member	2.00	Director	$0	$0	$0
Merrily Bowers	Board Member	3.00	Director	$0	$0	$0
Anthony Neal	Board Member	2.00	Director	$0	$0	$0

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	$3,755,525	$3,229,093	$2,109,705	$526,432
2024	$2,933,057	$2,570,988	$1,542,435	$362,069
2023	$2,209,788	$2,173,150	$1,358,582	$36,638
2022	$2,073,508	$2,140,892	$1,018,728	$-67,384
2021	$1,854,323	$1,728,623	$1,041,954	$125,700
2020	$2,225,691	$1,949,456	$986,660	$276,235
2019	$1,836,669	$1,757,489	$691,845	$79,180

Northern Colorado Academy of Arts & Know