ROCHESTER ARTS & SCIENCE ACADEMY FOUNDATION

EIN: 208201223 501(c)(3) Education

ROCHESTER, MN

Total Revenue
$3,585,216
Total Expenses
$3,760,724
Total Assets
$5,968,208
Net Assets
$1,055,609
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MN
Principal Officer
NICHOLAS DOYLE
Phone
5072064646
Tax Period
2023-07-01 to 2024-06-30

ROCHESTER ARTS & SCIENCE ACADEMY FOUNDATION, founded in 2007, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

RASA AIMS TO DEVELOP ACTIVE LEARNERS, WELL ROUNDED INDIVIDUALS, AND ENGAGED WORLD CITIZENS. OUR TEACHERS CHANNEL CHILDREN'S NATURAL CURIOSITY TO DEVELOP LIFELONG INQUIRERS PREPARED TO THRIVE IN A DIVERSE WORLD. AS AN INTERNATIONAL BACCALAUREATE (IB) WORLD SCHOOL, WE EMBRACE THE IB MISSION AND EDUCATIONAL MODEL WHILE NURTURING INDIVIDUAL TALENTS AND INSPIRING ACADEMIC EXCELLENCE. WE ARE A CARING AND ACCEPTING COMMUNITY OFFERING FAMILIES AN UNPARALLELED EDUCATIONAL OPPORTUNITY FOR THEIR CHILDREN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $158,065
Program Service Revenue $3,366,042
Investment Income $9,868
Other Revenue $51,241
TOTAL REVENUE $3,585,216

Expense Breakdown

Grants Paid $44,500
Salaries & Benefits $2,327,978
Fundraising Expenses $33,707
Program Expenses $3,452,662
Other Expenses $1,388,246
TOTAL EXPENSES $3,760,724

Year-over-Year Comparison

2023 2022 Change
Revenue $3,585,216 $3,147,121 +0.1%
Expenses $3,760,724 $2,784,983 +0.4%
Net Income $-175,508 $362,138 -1.5%
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

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Governance

Voting Members
10
Independent Members
10
Employees
50
Volunteers
50

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
6
$133,440
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL WARNER PRESIDENT 2.00
Officer
$0 $0 $0
ELAINE STAGEBERG VICE PRESIDE 2.00
Officer
$0 $0 $0
NICK POMPEIAN TREASURER 2.00
Officer
$0 $0 $0
ERICA LOOMIS CO-SECRETARY 2.00
Officer
$0 $0 $0
STEVE LOOMIS CO-SECRETARY 2.00
Officer
$0 $0 $0
INGRID BERGSTROM DIRECTOR 1.00
Director
$0 $0 $0
SARAH BOILSON DIRECTOR 1.00
Director
$0 $0 $0
MARAL KENDARIAN DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN KREUTER DIRECTOR 1.00
Director
$0 $0 $0
LESLIE SUNNOCK DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS DOYLE PRINCIPAL 50.00
Officer
$133,440 $0 $133,440
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
2024 $3,585,216 $3,760,724 $5,968,208 $-175,508
2023 $3,147,121 $2,784,983 $1,353,309 $362,138
2022 $2,200,488 $1,870,752 $1,020,598 $329,736
2021 $1,668,641 $1,395,447 $620,527 $273,194
2020 $1,320,793 $1,343,764 $493,206 $-22,971
2019 $1,125,384 $1,168,029 $370,478 $-42,645
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