Wayman Academy of the Arts Inc (EIN 311702669) - 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

Legal Domicile

Principal Officer

MARK GRIFFIN

Phone

9046931503

Tax Period

2023-07-01 to 2024-06-30

Wayman Academy of the Arts Inc is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE A SCHOOL FOR THE TRAINING AND EDUCATION OF YOUTH

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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 $2,339,000

Program Service Revenue $180,467

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,519,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,498,427

Fundraising Expenses $0

Program Expenses $2,465,734

Other Expenses $967,307

TOTAL EXPENSES $2,465,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,519,467	$1,905,586	+0.3%
Expenses	$2,465,734	$2,501,696	0.0%
Net Income	$53,733	$-596,110	-1.1%

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

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
MARK GRIFFIN	BOARD CHAIRMAN	20.00	Officer Director	$0	$0	$0
TERRENCE HARVEY	BOARD MEMBER	1.000	Director	$0	$0	$0
CAROLYN WILSON	BOARD MEMBER	1.000	Director	$0	$0	$0
SAMUEL NEWBY	BOARD MEMBER	1.000	Director	$0	$0	$0
GLORIDEN NORRIS	BOARD MEMBER	1.000	Director	$0	$0	$0
ANTHONY AMMONS	BOARD MEMBER	1.000	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	$2,519,467	$2,465,734	$975,498	$53,733
2023	$1,905,586	$2,501,696	$768,456	$-596,110
2022	$2,507,878	$2,500,786	$1,327,081	$7,092

Wayman Academy of the Arts Inc