Preschool of the Arts Inc (EIN 391225229) - 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

1975

Legal Domicile

Principal Officer

Penny Lynn Robbins

Phone

6082331707

Tax Period

2023-09-01 to 2024-08-31

Preschool of the Arts Inc, founded in 1975, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Expenses of $4.2M left a modest 8% surplus.

Mission

At Preschool of the Arts, our mission is to nurture open-minded and open-hearted individuals who learn alongside one another and embrace the world with compassion, creativity, wonder, and joy.

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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 $305,818

Program Service Revenue $4,103,534

Investment Income $111,038

Other Revenue $5,504

TOTAL REVENUE $4,525,894

Expense Breakdown

Grants Paid $41,984

Salaries & Benefits $3,435,678

Fundraising Expenses $10,536

Program Expenses $3,457,787

Other Expenses $674,158

TOTAL EXPENSES $4,151,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,525,894	$4,573,929	0.0%
Expenses	$4,151,820	$4,024,562	+0.0%
Net Income	$374,074	$549,367	-0.3%

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

109

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

$109,477

Total Directors

$87,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Penny Lynn Robbins	Executive Dir.	40.00	Officer	$109,477	$0	$109,477
Hannah Button-Harrison	Director	1.00	Director	$44,625	$0	$44,625
Adam Wisniewski	Director	40.00	Director	$42,525	$0	$42,525
ANDY MUELLER	President	1.00	Director	$0	$0	$0
MARIT BARKVE	Director	1.00	Director	$0	$0	$0
Laura Chidyllo	Secretary	1.00	Director	$0	$0	$0
IVY CAO	Treasurer	1.00	Director	$0	$0	$0
MOLLY DEWEY	Director	1.00	Director	$0	$0	$0
Mark Aronson	Director	1.00	Director	$0	$0	$0
Cuixia Zhu	Director	1.00	Director	$0	$0	$0
Noah Relles	Director	1.00	Director	$0	$0	$0
Neil Van Os	Director	1.00	Director	$0	$0	$0
Amanda Burns	Director	1.00	Director	$0	$0	$0
Nate Wheeler	Director	1.00	Director	$0	$0	$0
Sarah Elsaid	Director	1.00	Director	$0	$0	$0
Eric Finch	Director	1.00	Director	$0	$0	$0
Sarah Crow	Director	1.00	Director	$0	$0	$0
JUSTIN TAYLOR	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
2024	$4,525,894	$4,151,820	$4,398,999	$374,074
2023	$4,573,929	$4,024,562	$4,072,990	$549,367
2022	$4,204,398	$3,511,084	$3,508,679	$693,314
2021	$4,208,133	$2,820,540	$2,793,186	$1,387,593
2020	$2,759,692	$2,673,745	$1,609,258	$85,947
2019	$3,224,550	$3,332,354	$1,327,153	$-107,804
2018	$3,236,041	$3,128,932	$1,476,448	$107,109

Preschool of the Arts Inc