WEST MICHIGAN ACADEMY OF ARTS AND ACADEMICS (EIN 383302052) - 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

1996

Legal Domicile

Principal Officer

MAGGIE MALONE

Phone

6168449961

Tax Period

2024-07-01 to 2025-06-30

WEST MICHIGAN ACADEMY OF ARTS AND ACADEMICS, founded in 1996, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.4M left a modest 6% surplus.

Mission

TO PROVIDE OUTSTANDING EDUCATION THROUGH THE INTEGRATION OF THE ARTS THAT ENCOURAGES THE SUCCESS OF EACH CHILD ACADEMICALLY AND THROUGH CREATIVE EXPRESSION.

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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 $5,666,683

Program Service Revenue $70,611

Investment Income $22,033

Other Revenue $0

TOTAL REVENUE $5,759,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,578,777

Other Expenses $5,434,944

TOTAL EXPENSES $5,434,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,759,327	$6,266,725	-0.1%
Expenses	$5,434,944	$6,132,018	-0.1%
Net Income	$324,383	$134,707	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM TIEFENBACH	PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISA SASS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BROOKE KARL	TREASURER	2.00	Officer Director	$0	$0	$0
KRIS JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
NICK LOOTENS	TRUSTEE	2.00	Officer Director	$0	$0	$0
TIFFANY MOODY	TRUSTEE	2.00	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	$5,759,327	$5,434,944	$8,211,973	$324,383
2024	$6,266,725	$6,132,018	$8,163,611	$134,707
2023	$5,876,616	$5,662,106	$7,984,018	$214,510
2022	$5,344,815	$5,460,765	$7,715,220	$-115,950
2021	$4,687,511	$4,586,424	$8,042,422	$101,087
2020	$4,035,980	$4,056,361	$7,844,196	$-20,381
2019	$4,061,550	$3,941,452	$7,987,876	$120,098
2018	$4,059,224	$3,978,033	$7,979,575	$81,191

WEST MICHIGAN ACADEMY OF ARTS AND ACADEMICS