Miami, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MIAMI ARTS INC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $12.1M left a modest 10% surplus.
We strive to be the school where students dare to dream. We promise to make sure no doors for students are ever closed. We value the privilege of our role in shaping the future leaders of tomorrow. Together, we will create an inspiring environment that sparks curiosity in all students while developing intellectually and creatively. Free thought will always be protected so that students may pursue their purpose in the world. We will ensure that students always have a path to success in all that they do because they deserve a life full of choice. Since learning is for life and life is about learning, our wish is for our name always to be synonymous with excellence.
The Miami Arts Charter School achieved its exempt purpose through its program services by prioritizing investment in human resources and instructional support. The first program expense encompassed...
The Miami Arts Charter School achieved its exempt purpose through its program services by prioritizing investment in human resources and instructional support. The first program expense encompassed salaries and benefits for teachers, student support service staff, and administrators, ensuring that qualified personnel were available to foster a rich educational environment. Additionally, the program allocated funds for payroll taxes, instructional technology support, and professional development travel expenses, which collectively enhanced the quality of education and supported the ongoing development of staff. This comprehensive investment in both personnel and resources was instrumental in fulfilling the school's mission to provide a high-quality arts education to its students.
The School's second largest expense for amortization and depreciation significantly contributed to the achievement of its exempt purpose by reflecting the ongoing investment in its facilities and...
The School's second largest expense for amortization and depreciation significantly contributed to the achievement of its exempt purpose by reflecting the ongoing investment in its facilities and educational resources. This expense encompassed the gradual write-off of costs associated with physical assets, such as buildings, equipment, and technology, which are essential for providing a conducive learning environment. By accounting for the depreciation of these assets, the school ensures that it maintains high-quality infrastructure and resources that support its arts education programs. This careful management of assets not only aids in financial planning but also reinforces the school's commitment to sustaining its educational mission over the long term.
The third category of expenses under management support services played a crucial role in achieving its exempt purpose. This category included salaries and benefits for administrative staff, which...
The third category of expenses under management support services played a crucial role in achieving its exempt purpose. This category included salaries and benefits for administrative staff, which ensured effective governance and operational efficiency. Additionally, expenses were allocated for accounting services, legal fees, and compliance-related costs, all of which contributed to maintaining the school's accountability and transparency. By investing in these management support services, the school was able to create a stable and organized environment that supports its educational mission, enabling it to focus on delivering quality arts education and enhancing student outcomes.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,462,879 | $16,149,384 | -0.2% |
| Expenses | $12,131,342 | $14,224,855 | -0.1% |
| Net Income | $1,331,537 | $1,924,529 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Alfredo de la Rosa | Founder and Principal | 60 |
Officer
Key Emp
Highest
|
$150,000 | $0 | $150,000 |
| Carolina Torres | Assist Principal for Student Services & Support | 45 |
Key Emp
|
$120,000 | $0 | $120,000 |
| Raymond Kimsey | Governing Board Chair | 0 |
Director
|
$0 | $0 | $0 |
| Pablo Canals | Board member | 5 |
Director
|
$0 | $0 | $0 |
| Jennifer Kenney | Board Member | 5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $13,462,879 | $12,131,342 | $32,912,519 | $1,331,537 |
| 2024 | $16,149,384 | $14,224,855 | $32,759,366 | $1,924,529 |
| 2023 | $11,098,969 | $10,637,766 | $30,527,077 | $461,203 |
| 2022 | $9,936,852 | $9,406,442 | $31,126,871 | $530,410 |
| 2021 | $9,981,355 | $8,666,548 | $31,781,012 | $1,314,807 |
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