RICHLAND ACADEMY OF THE ARTS (EIN 341681948) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

MICHAEL BENSON

Phone

4195228224

Tax Period

2022-07-01 to 2023-06-30

RICHLAND ACADEMY OF THE ARTS, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $916K in total revenue in fiscal year 2022. Net assets of $2.1M represent 27 months of operating reserves.

Mission

OUR MISSION IS TO FOSTER, THROUGH ARTISTIC EXPRESSION, THE CREATIVE POTENTIAL THAT EXISTS IN EVERYONE TO ENRICH THE LIVES OF OUR NEIGHBORS, OUR COMMUNITY, AND THE WORLD AT LARGE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $123,093

Program Service Revenue $761,557

Investment Income $6,309

Other Revenue $25,269

TOTAL REVENUE $916,228

Expense Breakdown

Grants Paid $300

Salaries & Benefits $520,342

Fundraising Expenses $19,357

Program Expenses $774,299

Other Expenses $426,097

TOTAL EXPENSES $946,739

Year-over-Year Comparison

	2022	2021	Change
Revenue	$916,228	$866,345	+0.1%
Expenses	$946,739	$870,955	+0.1%
Net Income	$-30,511	$-4,610	+5.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$33,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BENSON	Executive Dir.	40.00	Officer	$33,653	$0	$33,653
JESSICA HISER	Vice President	1.00	Director	$0	$0	$0
JIM HENRY	Treasurer	3.00	Officer Director	$0	$0	$0
DONALD HOOVER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOANN HIPSHER	Secretary	1.00	Officer Director	$0	$0	$0
BRIAN HAMILTON	President	2.00	Officer Director	$0	$0	$0
TIM HILTERMAN	Director	1.00	Director	$0	$0	$0
JASON METZGER	Director	1.00	Director	$0	$0	$0
SCOTT HEIMAN	Director	1.00	Director	$0	$0	$0
EDWIN GUTCHALL	Director	1.00	Director	$0	$0	$0
JAY WACHS	Director	1.00	Director	$0	$0	$0
PAT OLSON	Director	1.00	Director	$0	$0	$0
ASHLEY PIFER	Director	1.00	Director	$0	$0	$0
KIMBERLY MILLER	Director	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$916,228	$946,739	$2,164,361	$-30,511
2022	$866,345	$870,955	$2,167,901	$-4,610
2021	$835,521	$694,373	$2,202,548	$141,148
2020	$662,132	$720,412	$2,052,326	$-58,280
2019	$905,001	$781,322	$2,069,488	$123,679
2018	$622,441	$742,198	$1,925,516	$-119,757

RICHLAND ACADEMY OF THE ARTS