SPINDRIFT SCHOOL OF PERFORMING ARTS (EIN 400000399) - 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

1994

Legal Domicile

Principal Officer

REBECCA MARINOS

Phone

6507388648

Tax Period

2024-01-01 to 2024-12-31

SPINDRIFT SCHOOL OF PERFORMING ARTS, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO TRAIN AND INSPIRE STUDENTS OF ALL AGES IN THE PERFORMING ARTS WHILE INSTILLING THE QUALITIES OF CONFIDENCE, SELF-DISCIPLINE, CREATIVITY AND RESPECT FOR OTHERS.

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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 $51,718

Program Service Revenue $959,043

Investment Income $9,649

Other Revenue $6,263

TOTAL REVENUE $1,026,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,377

Fundraising Expenses $4,187

Program Expenses $519,309

Other Expenses $257,660

TOTAL EXPENSES $1,006,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,026,673	$897,166	+0.1%
Expenses	$1,006,037	$876,638	+0.1%
Net Income	$20,636	$20,528	+0.0%

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

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
ASHLEY LARSON	SECRETARY	10.00	Director	$0	$0	$0
REBECCA MARINOS	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL MAHONEY	TREASURER	10.00	Officer Director	$0	$0	$0
KRISTEN BECKLER	MEMBER AT LA	15.00	Director	$0	$0	$0
REBECCA HANLON	MEMBER AT LA	10.00	Director	$0	$0	$0
GIANNA FRANCO	MEMBER AT LA	10.00	Director	$0	$0	$0
NICOLE VARGAS GUEVARA	MEMBER AT LA	10.00	Director	$0	$0	$0
ALEX BOOTZIN	MEMBER AT LA	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
2024	$1,026,673	$1,006,037	$409,899	$20,636
2023	$897,166	$876,638	$401,563	$20,528
2022	$642,106	$679,500	$368,758	$-37,394
2021	$623,554	$461,253	$407,284	$162,301
2020	$606,169	$593,077	$248,888	$13,092
2019	$730,624	$800,911	$236,599	$-70,287
2018	$655,447	$656,515	$319,483	$-1,068

SPINDRIFT SCHOOL OF PERFORMING ARTS