CORONADO SCHOOL OF THE ARTS FOUNDA… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

MARILYN HERNDON

Phone

6192390590

Tax Period

2023-07-01 to 2024-06-30

CORONADO SCHOOL OF THE ARTS FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $164K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 43% operating deficit.

Mission

IMPROVE COMMUNITY AWARENESS AND SECURE FUNDS TO PERPETUATE, IMPROVE, AND EXPAND THE ART'S PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $181,297

DEDICATED TO THE FINANCIAL SUPPORT OF THE CORONADO ARTS EDUCATION FOUNDATION CONSERVATORY PROGRAMS.

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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 $119,380

Program Service Revenue $0

Investment Income $0

Other Revenue $44,717

TOTAL REVENUE $164,097

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $19,080

Fundraising Expenses $0

Program Expenses $181,297

Other Expenses $65,228

TOTAL EXPENSES $234,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,097	$418,777	-0.6%
Expenses	$234,308	$193,359	+0.2%
Net Income	$-70,211	$225,418	-1.3%

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

150

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
MEAGAN MCKISSICK	PRESIDENT	3.00	Officer Director	$0	$0	$0
LINDA EDISON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARILYN HERNDON	TREASURER	3.00	Officer Director	$0	$0	$0
JULIE HUNTER	SECRETARY	1.00	Officer 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	$164,097	$234,308	$253,803	$-70,211
2023	$418,777	$193,359	$320,997	$225,418
2022	$242,198	$187,904	$95,579	$54,294
2021	$99,397	$428,037	$40,435	$-328,640
2019	$270,461	$298,110	$487,355	$-27,649
2018	$333,210	$294,778	$531,908	$38,432

CORONADO SCHOOL OF THE ARTS FOUNDATION