ART BARN SCHOOL OF ART INC (EIN 351621560) - 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

1984

Legal Domicile

Principal Officer

JULIA HOLMAAS

Phone

2194629009

Tax Period

2023-01-01 to 2023-12-31

ART BARN SCHOOL OF ART INC, founded in 1984, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $212K left a modest 4% surplus.

Mission

THE MISSION OF THE ART BARN SCHOOL OF ART, INC. IS TO PROMOTE AND CONDUCT VISUAL ARTS EDUCATIONAL CLASSES AND ACTIVITIES FOR CHILDREN AND ADULTS IN A UNIQUE, RURAL, CREATIVE ENVIRONMENT.

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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 $64,275

Program Service Revenue $135,360

Investment Income $20,875

Other Revenue $1,141

TOTAL REVENUE $221,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,193

Fundraising Expenses $0

Program Expenses $138,388

Other Expenses $130,687

TOTAL EXPENSES $211,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,651	$155,348	+0.4%
Expenses	$211,880	$189,523	+0.1%
Net Income	$9,771	$-34,175	-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

Volunteers

142

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
JULIA HOLMAAS	PRESIDENT	20.00	Officer Director	$0	$0	$0
JOHN BERNBOM	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
ANGELA GROTHAUS	TREASURER	5.00	Officer Director	$0	$0	$0
DENISE CHIGAS KIRKLAND	SECRETARY	5.00	Officer Director	$0	$0	$0
CHARLES KIRKLAND	BOARD MEMBER	5.00	Director	$0	$0	$0
SANDY APPLEBY	BOARD MEMBER	10.00	Director	$0	$0	$0
JAMES MAY	BOARD MEMBER	5.00	Director	$0	$0	$0
SUSAN ARNOLD	BOARD MEMBER	5.00	Director	$0	$0	$0
DINA HEIJSELAAR	BOARD MEMBER	10.00	Director	$0	$0	$0
SAMANTHA SCHILLA	BOARD MEMBER	5.00	Director	$0	$0	$0
HAROLD WOODRIDGE	BOARD MEMBER	5.00	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
2024	No data	No data	No data	No data
2023	$221,651	$211,880	$1,053,401	$9,771
2022	$155,348	$189,523	$1,047,958	$-34,175
2021	$211,501	$198,921	$1,086,735	$12,580
2020	$152,921	$137,925	$1,068,899	$14,996
2019	$218,616	$158,810	$1,030,492	$59,806
2018	$152,629	$157,964	$970,504	$-5,335

ART BARN SCHOOL OF ART INC