LAUREL ARTS INC

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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

1975

Legal Domicile

Principal Officer

LAURA BOWERS

Phone

8144432433

Tax Period

2023-09-01 to 2024-08-31

LAUREL ARTS INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $424K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $557K exceeded revenue, resulting in a 31% operating deficit.

Mission

ARTS & CULTURAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $212,297 Revenue: $177,263

LAUREL ARTS DANCE - STUDENTS FROM KINDERGARTEN TO 12TH GRADE ENROLL IN A 9- MONTH CLASS OF BALLET, TAP, JAZZ, POINTE OR PERFORMANCE. THERE WERE 129 STUDENTS WITH A YEAR-END RECITAL ATTENDED BY 904...

LAUREL ARTS DANCE - STUDENTS FROM KINDERGARTEN TO 12TH GRADE ENROLL IN A 9- MONTH CLASS OF BALLET, TAP, JAZZ, POINTE OR PERFORMANCE. THERE WERE 129 STUDENTS WITH A YEAR-END RECITAL ATTENDED BY 904 INDIVIDUALS.

Program 2

Expenses: $82,921 Revenue: $47,896

STUDIO KIDS PRESCHOOL - PROVIDE A PRESCHOOL PROGRAM WITH A UNIQUE ACADEMIC AND ARTS FOCUSED CURRICULUM. THE APPROACH CALLS FOR THE INTEGRATION OF THE ARTS AS A TOOL FOR COGNITIVE LINGUISTIC AND...

STUDIO KIDS PRESCHOOL - PROVIDE A PRESCHOOL PROGRAM WITH A UNIQUE ACADEMIC AND ARTS FOCUSED CURRICULUM. THE APPROACH CALLS FOR THE INTEGRATION OF THE ARTS AS A TOOL FOR COGNITIVE LINGUISTIC AND SOCIAL DEVELOPMENT. THE PROGRAM WAS ATTENDED BY 32 STUDENTS.

Program 3

Expenses: $45,170 Revenue: $33,301

CLASSES AND SUMMER CAMPS IN THE ARTS. OFFER VARIOUS CLASSES IN THE ARTS AND HEALTH WELLNESS. THE VARIOUS PROGRAMS HAVE PROVIDED SERVICES TO 842 STUDENTS AND INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $117,524

Program Service Revenue $281,888

Investment Income $16

Other Revenue $24,382

TOTAL REVENUE $423,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,557

Fundraising Expenses $47,598

Program Expenses $392,085

Other Expenses $250,573

TOTAL EXPENSES $557,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$423,810	$474,166	-0.1%
Expenses	$557,130	$507,584	+0.1%
Net Income	$-133,320	$-33,418	+3.0%

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

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
ERIN MAYAK	PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY BREEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROBIN HENLEY	TREASURER	2.00	Officer Director	$0	$0	$0
BECCA FROLA-BISS	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE BEECH	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON CLAPPER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON FINUI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
FRED ROSEMEYER	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE MISHLER	DIRECTOR	1.00	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
2024	$423,810	$557,130	$451,583	$-133,320
2023	$474,166	$507,584	$544,673	$-33,418
2022	$478,347	$485,302	$560,173	$-6,955
2021	$467,754	$411,424	$563,845	$56,330
2020	$323,567	$409,356	$666,341	$-85,789
2019	$478,311	$485,235	$766,960	$-6,924
2018	$378,528	$466,838	$766,471	$-88,310