Cultural Arts Academy Charter School at Spring Creek (EIN 272161373) - 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

2010

Legal Domicile

Principal Officer

Dr Laurie B Midgette

Phone

7186833300

Tax Period

2023-07-01 to 2024-06-30

Cultural Arts Academy Charter School at Spring Creek, founded in 2010, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2023.

Mission

Cultural Arts Academy Charter Schools mission is to provide a college preparatory education with exemplary cultural arts proficiency to young leaders who will profoundly impact the human condition.

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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 $5,075,855

Program Service Revenue $0

Investment Income $56

Other Revenue $0

TOTAL REVENUE $5,075,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,859,069

Fundraising Expenses $25,570

Program Expenses $4,024,197

Other Expenses $1,300,475

TOTAL EXPENSES $5,159,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,075,911	$5,041,808	+0.0%
Expenses	$5,159,544	$5,120,269	+0.0%
Net Income	$-83,633	$-78,461	+0.1%

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

Total Directors

$194,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Laurie B Midgette	Executive Dir.	40.00	Director	$194,500	$0	$194,500
Dr A R Bernard	President	0.00	Officer Director	$0	$0	$0
Cheryl A Pemberton	Vice President	0.00	Officer Director	$0	$0	$0
Henry Clouden III	Treasurer	0.00	Officer Director	$0	$0	$0
Chrysetta Patterson	Member	0.00	Director	$0	$0	$0
Stuart Sabal	Member	0.00	Director	$0	$0	$0
Shirley A Glasgow	Parent Rep	0.00	Director	$0	$0	$0
Larry Weiss	Member	0.00	Director	$0	$0	$0
Dean Sadek	Member	0.00	Director	$0	$0	$0
Dr Kimberlee Pierre	Member	0.00	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	No data	No data	No data	No data
2024	$5,075,911	$5,159,544	$811,549	$-83,633
2023	$5,041,808	$5,120,269	$1,262,896	$-78,461
2022	$5,831,134	$4,925,554	$637,956	$905,580
2021	$4,607,310	$5,221,224	$580,359	$-613,914
2020	$4,748,320	$4,712,627	$978,001	$35,693
2019	$4,796,852	$5,056,924	$438,433	$-260,072
2018	$5,027,757	$5,267,920	$463,963	$-240,163

Cultural Arts Academy Charter School at Spring Creek