NEWARK SCHOOL OF THE ARTS (EIN 221849047) - 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

1969

Legal Domicile

Principal Officer

DIVAD SANDERS

Phone

9736420133

Tax Period

2024-07-01 to 2025-06-30

NEWARK SCHOOL OF THE ARTS, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $949K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

NEWARK SCHOOL OF THE ARTS MISSION IS TO CHANGE THE LIVES OF YOUTH THROUGH ACCESS TO QUALITY EDUCATION IN THE VISUAL AND PERFORMING ARTS.

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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 $457,513

Program Service Revenue $211,101

Investment Income $674

Other Revenue $279,657

TOTAL REVENUE $948,945

Expense Breakdown

Grants Paid $983

Salaries & Benefits $761,097

Fundraising Expenses $44,629

Program Expenses $798,313

Other Expenses $326,143

TOTAL EXPENSES $1,088,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$948,945	$1,076,324	-0.1%
Expenses	$1,088,223	$1,378,399	-0.2%
Net Income	$-139,278	$-302,075	-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

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

$193,318

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI SCOTT-PICKENS MPA	PRESIDENT	2.00	Officer Director	$0	$0	$0
TEHSUAN GLOVER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JESSICA GONZALEZ	TREASURER	2.00	Officer Director	$0	$0	$0
KIRK LAMBERT	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN BENEDICT	TRUSTEE	1.00	Director	$0	$0	$0
NAYDENE BRICKUS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BUDSOCK	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER CHOI	TRUSTEE	1.00	Director	$0	$0	$0
JORGE CRUZ	TRUSTEE	1.00	Director	$0	$0	$0
AHMED KASSIM ESQ	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MAYNOR	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR MOCKABEE	TRUSTEE	1.00	Director	$0	$0	$0
MARIA PILAR PARADISO	TRUSTEE	1.00	Director	$0	$0	$0
DIVAD SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
DENARRA SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES SMITH	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE TAMBURRI	EXECUTIVE DIRECTOR	40.00	Officer	$119,904	$0	$119,904
SHARON SALVADOR	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$73,414	$0	$73,414

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	$948,945	$1,088,223	$891,536	$-139,278
2024	$1,076,324	$1,378,399	$968,348	$-302,075
2023	$1,054,156	$1,192,515	$1,296,727	$-138,359
2022	$1,154,863	$1,130,813	$1,422,520	$24,050
2021	$1,010,069	$950,623	$1,395,117	$59,446
2020	$1,220,429	$1,173,045	$1,372,578	$47,384
2019	$953,157	$1,187,967	$1,247,726	$-234,810

NEWARK SCHOOL OF THE ARTS