COLLEGE OF ADAPTIVE ARTS (EIN 270342896) - 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

2009

Legal Domicile

Principal Officer

NICOLE KIM

Phone

4085383809

Tax Period

2024-07-01 to 2025-06-30

COLLEGE OF ADAPTIVE ARTS, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 54% operating margin.

Mission

COLLEGE OF ADAPTIVE ARTS PROVIDES AN EQUITABLE COLLEGIATE EXPERIENCE TO ADULTS WITH SPECIAL NEEDS WHO HISTORICALLY HAVE NOT HAD ACCESS TO COLLEGE EDUCATION.

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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 $3,358,996

Program Service Revenue $983,453

Investment Income $6,729

Other Revenue $775

TOTAL REVENUE $4,349,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,425,033

Fundraising Expenses $121,026

Program Expenses $1,234,483

Other Expenses $573,459

TOTAL EXPENSES $2,013,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,349,953	$1,895,170	+1.3%
Expenses	$2,013,492	$1,753,211	+0.1%
Net Income	$2,336,461	$141,959	+15.5%

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

$329,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANN CHERKASKY MAKHNI	FORMER BOARD CHAIR	5.00	Officer	$0	$0	$0
CARLEY FLORES	SECRETARY	4.00	Officer	$0	$0	$0
PERSIUS KANGA	TREASURER	4.00	Officer	$0	$0	$0
NICOLE MATARANGAS	BOARD MEMBER	2.00		$46,863	$0	$46,863
LAURA WELLS	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT WEBER	VICE CHAIR, BOARD MEMBER	2.00	Officer	$0	$0	$0
MIMI GIANNINI	BOARD MEMBER	2.00	Director	$0	$0	$0
VICKIE FAIRCHILD	BOARD MEMBER	2.00		$0	$0	$0
DEANA KITAJIMA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY BETH RILEY	BOARD MEMBER	4.00	Director	$0	$0	$0
SHARON DAHNERT	BOARD MEMBER	3.00	Director	$0	$0	$0
DEANNA PURSAI	CO-FOUNDER & DIRECTOR OF DEVELOPMENT (NON-VOTING)	50.00	Officer	$69,740	$0	$69,740
PAMELA LINDSAY	CO-FOUNDER & DIRECTOR OF RESEARCH (NON-VOTING)	50.00	Officer Highest	$120,000	$0	$120,000
RICHARD HERMERDING	PART-TIME CFO (NON-VOTING)	5.00	Officer	$22,500	$0	$22,500
NICOLE KIM	EXECUTIVE DIRECTOR	50.00	Officer Highest	$117,176	$0	$117,176
RAVINDER LAL	BOARD MEMBER	2.00	Director	$0	$0	$0
CRISTIN REICHMUTH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH SIECINSKI	EXEC ADVISORY, BOARD MEMBER (NON-VOTING)	2.00	Director	$0	$0	$0
ANDY URRUTIA	BOARD MEMBER	2.00		$49,583	$0	$49,583

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	$4,349,953	$2,013,492	$2,846,205	$2,336,461
2024	$1,895,170	$1,753,211	$661,274	$141,959
2023	$1,577,422	$1,684,213	$513,772	$-106,791
2022	$1,532,565	$1,482,387	$612,332	$50,178
2022	$1,346,565	$1,284,555	$617,789	$62,010
2021	$1,331,927	$1,016,069	$566,096	$315,858
2021	$1,233,052	$914,579	$559,499	$318,473
2020	$900,668	$807,596	$244,062	$93,072
2019	$811,975	$790,246	$94,168	$21,729

COLLEGE OF ADAPTIVE ARTS