PERFORMING ARTS ACADEMY (EIN 261914415) - 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

2008

Legal Domicile

Principal Officer

JON STILES

Phone

5135941537

Tax Period

2024-01-01 to 2024-12-31

PERFORMING ARTS ACADEMY, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $294K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $279K left a modest 5% surplus.

Mission

THE FAITH-BASED PERFORMING ARTS ACADEMY WILL PROVIDE OPPORTUNITIES THAT WILL ENHANCE CHARACTER, PROMOTE WELL-BEING, AND INSPIRE GREATNESS BY DEVELOPING PEOPLE THROUGH THE ARTS. THE ACADEMY DESIRES TO CHANGE LIVES BY OFFERING AFFORDABLE, QUALITY MUSIC EDUCATION, POSITIVE THEATRE EXPERIENCES, AND AN APPRECIATION FOR THE 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 $67,697

Program Service Revenue $162,635

Investment Income $1,727

Other Revenue $61,934

TOTAL REVENUE $293,993

Expense Breakdown

Grants Paid $3,105

Salaries & Benefits $34,087

Fundraising Expenses $2,391

Program Expenses $251,129

Other Expenses $242,290

TOTAL EXPENSES $279,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$293,993	$358,911	-0.2%
Expenses	$279,482	$339,942	-0.2%
Net Income	$14,511	$18,969	-0.2%

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
ANGELA PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE TRENT	SECRETARY	2.00	Officer	$0	$0	$0
JON STILES	PRESIDENT	2.00	Officer	$0	$0	$0
JIM BARNES	VICE PRESIDE	2.00	Officer	$0	$0	$0
BOB EVICK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY BUTTS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GINTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN SCHUAB	BOARD MEMBER	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	$293,993	$279,482	$1,579,352	$14,511
2023	$358,911	$339,942	$1,550,537	$18,969
2022	$242,382	$249,328	$1,532,087	$-6,946
2021	$479,857	$240,087	$1,541,956	$239,770
2020	$374,609	$352,793	$1,302,429	$21,816
2019	$362,287	$334,433	$1,313,418	$27,854
2018	$364,483	$305,514	$1,285,421	$58,969

PERFORMING ARTS ACADEMY