CLEVELAND SCHOOL OF THE ARTS BOARD OF TRUSTEES (EIN 341410357) - 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

1982

Legal Domicile

Principal Officer

DAVID LARUE

Phone

2168389106

Tax Period

2024-07-01 to 2025-06-30

CLEVELAND SCHOOL OF THE ARTS BOARD OF TRUSTEES, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $310K in total revenue in fiscal year 2024. Revenue fell 159% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION IS TO CREATE AN ENVIRONMENT THAT EMPOWERS CHILDREN WITH THE OPPORTUNITY TO ACHIEVE EXCELLENCE THROUGH AN ARTS EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $240,613

Program Service Revenue $0

Investment Income $219,056

Other Revenue $-770,000

TOTAL REVENUE $-310,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,508

Fundraising Expenses $7,819

Program Expenses $217,058

Other Expenses $271,628

TOTAL EXPENSES $277,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-310,331	$528,622	-1.6%
Expenses	$277,136	$402,073	-0.3%
Net Income	$-587,467	$126,549	-5.6%

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
R	SECRETARY	1.00	Officer Director	$0	$0	$0
FELTON THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LARUE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD ORTMEYER	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFERY ALLEN	TRUSTEE	1.00	Director	$0	$0	$0
DAN CARTER	TRUSTEE	1.00	Director	$0	$0	$0
JOAN KATZ NAPOLI	TRUSTEE	1.00	Director	$0	$0	$0
TONY SIAS	TRUSTEE	1.00	Director	$0	$0	$0
AUDRA WOODS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS ZYCH	TRUSTEE	1.00	Director	$0	$0	$0
RUBY WATKINS	TRUSTEE	1.00	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	$-310,331	$277,136	$4,098,503	$-587,467
2024	$528,622	$402,073	$4,561,044	$126,549
2023	$362,145	$330,140	$4,309,660	$32,005
2022	$550,929	$445,128	$4,150,209	$105,801
2021	$425,231	$327,119	$4,425,455	$98,112
2020	$541,905	$566,341	$4,048,600	$-24,436
2019	$495,497	$514,346	$4,151,582	$-18,849
2018	$536,263	$386,212	$4,192,817	$150,051

CLEVELAND SCHOOL OF THE ARTS BOARD OF TRUSTEES