ACADEMY CENTER OF THE ARTS INC (EIN 237061145) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

WALKER SIGLER

Phone

4345283256

Tax Period

2023-01-01 to 2023-12-31

ACADEMY CENTER OF THE ARTS INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2018. Revenue surged 754% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 60% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO CULTIVATE A HEALTHIER AND MORE INTERCONNECTED COMMUNITY THROUGH CULTURAL INFRASTRUCTURE AND COMMUNITY-BUILDING ARTS PROGRAMS.THROUGH THE ACADEMY, COMMUNITY HEALTH AND INTERCONNECTIVITY WILL BE CULTIVATED THROUGH:-PROGRAMS THAT INSPIRE INDIVIDUALS OF ALL AGES, UNLOCKING THEIR INHERENT POTENTIAL AND NURTURING SOCIAL BONDS.-STATE-OF-THE-ART FACILITIES AND DEDICATED SUPPORT STAFF THAT ELEVATE OTHER LOCAL ARTS INSTITUTIONS AND CULTURAL ACTIVITIES.-ACTIVITIES THAT ENGAGE BROAD AUDIENCES, WITH SPECIAL EMPHASIS ON ADDRESSING LIMITED ACCESS TO COMMUNITY NETWORKS BY FOSTERING COLLABORATION AND EXPANDING OPPORTUNITIES FOR PERSONAL GROWTH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,252,709

Program Service Revenue $1,113,583

Investment Income $62,661

Other Revenue $120,914

TOTAL REVENUE $2,549,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,091,236

Fundraising Expenses $281,435

Program Expenses $2,161,498

Other Expenses $1,645,030

TOTAL EXPENSES $2,736,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,549,867	$2,173,066	+0.2%
Expenses	$2,736,266	$1,947,699	+0.4%
Net Income	$-186,399	$225,367	-1.8%

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

300

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

$134,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH STROUD	PRESIDENT	3.00	Officer Director	$0	$0	$0
EMILY CROWDER	MEMBER	1.00	Director	$0	$0	$0
JESSICA CLARKSON	MEMBER	1.00	Director	$0	$0	$0
ANTONIO DAVIS	MEMBER	1.00	Director	$0	$0	$0
DONNA GADDY-BOWEN	MEMBER	1.00	Director	$0	$0	$0
JOSEPH TUCKER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RON SHOULTZ	MEMBER	1.00	Director	$0	$0	$0
CATHERINE VARNER	MEMBER	1.00	Director	$0	$0	$0
ULA KAUPPI	SECRETARY	2.00	Officer Director	$0	$0	$0
AMY KOWALSKI	MEMBER	1.00	Director	$0	$0	$0
JAMES WATKINS	MEMBER	1.00	Director	$0	$0	$0
RICHARD LOVING	MEMBER	1.00	Director	$0	$0	$0
PAUL MCWANE	MEMBER	1.00	Director	$0	$0	$0
DR CHALMERS NUNN	MEMBER	1.00	Director	$0	$0	$0
WALKER SIGLER	TREASURER	2.00	Officer Director	$0	$0	$0
BETH DOYLE	MEMBER	1.00	Director	$0	$0	$0
JAMES WRIGHT	MEMBER	1.00	Director	$0	$0	$0
ALISON MORRISON SHETLAR	MEMBER	1.00	Director	$0	$0	$0
GEORGEANN SNEAD	MEMBER	1.00	Director	$0	$0	$0
KEVIN HOOPER	MEMBER	1.00	Director	$0	$0	$0
HOLLY TRENT	MEMBER	1.00	Director	$0	$0	$0
MIKE SHADLER	MEMBER	1.00	Director	$0	$0	$0
DR LAURA GATELY	MEMBER	1.00	Director	$0	$0	$0
PHYLLISTINE MOSLEY	MEMBER	1.00	Director	$0	$0	$0
MARIA HAYDEN	MEMBER	1.00	Director	$0	$0	$0
ALISHA CHILDRESS	MEMBER	1.00	Director	$0	$0	$0
D TODD IRBY	MEMBER	1.00	Director	$0	$0	$0
ETHEL REEVES	MEMBER	1.00	Director	$0	$0	$0
GEOFFREY KERSHNER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$131,750	$2,674	$134,424

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	No data	No data	No data	No data
2023	$2,549,867	$2,736,266	$41,201,958	$-186,399
2022	$2,173,066	$1,947,699	$40,966,409	$225,367
2021	$2,992,535	$1,497,145	$41,266,969	$1,495,390
2020	$2,114,668	$1,622,479	$39,635,041	$492,189
2019	$2,151,569	$1,874,503	$39,303,252	$277,066
2018	$5,816,344	$2,338,886	$40,116,543	$3,477,458

ACADEMY CENTER OF THE ARTS INC