AIKEN PERFORMING ARTS ACADEMY (EIN 331033564) - 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

2005

Legal Domicile

Principal Officer

KEISHA LLOYD-KENNEDY

Phone

8036444824

Tax Period

2018-07-01 to 2019-06-30

AIKEN PERFORMING ARTS ACADEMY, founded in 2005, is a small nonprofit that reported $516K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $595K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO OPERATE A CHARTER SCHOOL FOR GRADES 9-12.

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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 (2018)

Revenue Breakdown

Contributions & Grants $500,225

Program Service Revenue $13,699

Investment Income $0

Other Revenue $1,700

TOTAL REVENUE $515,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,807

Fundraising Expenses $0

Program Expenses $433,401

Other Expenses $208,703

TOTAL EXPENSES $594,510

Year-over-Year Comparison

	2018	2017	Change
Revenue	$515,624	$557,838	-0.1%
Expenses	$594,510	$821,184	-0.3%
Net Income	$-78,886	$-263,346	-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

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

$243,000

Total Directors

$321,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDI CREECH	BOARD DESIGNEE	20.00	Director	$43,272	$0	$78,469
DANIEL LLOYD	PRESIDENT	10.00	Officer Director	$18,000	$0	$36,000
KEISHA KENNEDY	VICE-PRESIDENT	30.00	Officer Director	$79,425	$0	$153,000
VERONIE HOLLOWAY	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTEN HUGHES	TREASURER	2.00	Officer Director	$27,000	$0	$54,000

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
2019	$515,624	$594,510	$1,651,449	$-78,886
2018	$557,838	$821,184	$1,822,752	$-263,346

AIKEN PERFORMING ARTS ACADEMY