Friends of Las Vegas Academy (EIN 311771038) - 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

2012

Legal Domicile

Principal Officer

Corrin Douglas

Phone

7027997800

Tax Period

2023-07-01 to 2024-06-30

Friends of Las Vegas Academy, founded in 2012, is a small nonprofit in the Education sector that reported $135K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $37K, a strong 28% operating margin.

Mission

Raise Funds for Las Vegas Academy of the Arts

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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 $129,304

Program Service Revenue $0

Investment Income $7,442

Other Revenue $-1,971

TOTAL REVENUE $134,775

Expense Breakdown

Grants Paid $82,070

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,877

Other Expenses $15,230

TOTAL EXPENSES $97,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,775	$167,538	-0.2%
Expenses	$97,300	$55,835	+0.7%
Net Income	$37,475	$111,703	-0.7%

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

N/A

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
Amber Gustafson	Treasurer	2.00	Officer Director	$0	$0	$0
Lisa Windom	Director	2.00	Director	$0	$0	$0
Corrin Douglas	President	2.00	Officer Director	$0	$0	$0
Brian Musburger	Director	2.00	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	$134,775	$97,300	$829,907	$37,475
2022	$34,102	$50,613	$651,462	$-16,511
2021	$73,278	$20,435	$667,984	$52,843
2019	$185,886	$104,433	$771,826	$81,453
2018	$263,813	$113,180	$685,949	$150,633

Friends of Las Vegas Academy