DEARMON CREATIVE ARTS SCHOOL INC (EIN 262759952) - 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

SHARON Dearmon

Phone

8139080400

Tax Period

2024-06-01 to 2025-05-31

DEARMON CREATIVE ARTS SCHOOL INC, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $952K left a modest 9% surplus.

Mission

SERVING OVER 400 CHILDREN IN THE CREATIVE ARTS OF MUSIC, AND DRAMA.

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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 $116,024

Program Service Revenue $925,133

Investment Income $330

Other Revenue $0

TOTAL REVENUE $1,041,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $435,874

Fundraising Expenses $0

Program Expenses $853,731

Other Expenses $516,153

TOTAL EXPENSES $952,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,041,487	$1,055,629	0.0%
Expenses	$952,027	$906,790	+0.0%
Net Income	$89,460	$148,839	-0.4%

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

$122,885

Total Directors

$122,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON DEARMON	PRESIDENT	040.00	Officer Director	$67,480	$0	$67,480
KIMBERLY PERRAULT	TREASURER	040.00	Officer Director	$55,405	$0	$55,405
CHARLES DEARMON	SECRETARY	010.00	Officer Director	$0	$0	$0
MATTHEW RUBY	DIRECTOR	005.00	Director	$0	$0	$0
LORINDA STEIN	DIRECTOR	005.00	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
2025	$1,041,487	$952,027	$531,779	$89,460
2024	$1,055,629	$906,790	$436,340	$148,839
2023	$791,179	$760,367	$282,265	$30,812
2022	$775,304	$666,817	$255,501	$108,487
2021	$565,133	$591,820	$142,606	$-26,687
2020	$481,961	$516,493	$169,158	$-34,532

DEARMON CREATIVE ARTS SCHOOL INC