STUDIO ARTS COLLEGE INTERNATIONAL … - Form 990 Financial Data

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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

Brett Ridge

Phone

2122487225

Tax Period

2023-09-01 to 2024-08-31

Mission

SACI'S MISSION was TO PROVIDE UNDERGRADUATE AND GRADUATE STUDENTS WITH A CHALLENGING, LIFE-ENHANCING EXPERIENCE IN THE CENTER OF FLORENCE IN TRADITIONAL AND CONTEMPORARY STUDIO ARTS, DESIGN, CONSERVATION, AND ART HISTORY. STUDENTS DIRECTLY ACCESS CENTURIES OF ITALIAN CULTURE THROUGH A WIDE RANGE OF COURSES OF ACADEMIC EXCELLENCE. SACI ENGAGES IN LEADING AREAS OF RESEARCH AND EXPLORATION, INTERACTS WITH THE COMMUNITY THROUGH ARTISTIC AND SOCIAL PROGRAMS, AND PREPARES STUDENTS TO EXCEL IN THEIR cHOSEN FIELD. Since the closing of the program, SACI has partnered with Accent Global for students that look to study art or design in Florence.

Program Service Accomplishments

Program 1

There were no program expenses in the current year.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,003

Fundraising Expenses $0

Other Expenses $452,400

TOTAL EXPENSES $476,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$161,404	-1.0%
Expenses	$476,403	$640,270	-0.3%
Net Income	N/A	$-478,866	N/A

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

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
Brett Ridge	Chair	1.0	Officer Director	$0	$0	$0
Mark Havlicek	Treasurer	1.0	Officer Director	$0	$0	$0
Marco D'Ostuni	Board Member	1.0	Director	$0	$0	$0
Federica Codignola	board member	1.0	Director	$0	$0	$0
Nicholas Cattelain	BOARD MEMBER	1.0	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	$476,403	$4,916,799	No data
2023	$161,404	$640,270	$5,260,200	$-478,866
2022	$52,931	$1,858,924	$5,068,090	$-1,805,993
2021	$529,411	$2,305,553	$6,621,332	$-1,776,142
2020	$5,493,654	$5,333,136	$9,468,308	$160,518
2019	$6,185,351	$5,954,279	$9,631,232	$231,072
2018	$5,237,891	$5,665,359	$9,665,431	$-427,468

STUDIO ARTS COLLEGE INTERNATIONAL INC