THEO Inc (EIN 450423660) - 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

1992

Legal Domicile

Principal Officer

Liliana Norby

Tax Period

2024-01-01 to 2024-12-31

THEO Inc, founded in 1992, is a small nonprofit in the Education sector that reported $227K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $217K left a modest 4% surplus.

Mission

An art school offering educational artistic enrichment for the community

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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 $39,343

Program Service Revenue $187,333

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,203

Fundraising Expenses $0

Program Expenses $157,748

Other Expenses $73,447

TOTAL EXPENSES $216,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,676	$203,698	+0.1%
Expenses	$216,650	$229,238	-0.1%
Net Income	$10,026	$-25,540	-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

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

$54,718

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LILIANA NORBY	Executive Director	Key Emp	$54,718	$0	$54,718
TARA LAMEY	President	Director	$0	$0	$0
ELIZABETH ROEMMICH	Vice President	Director	$0	$0	$0
SHARON LAWLER	Secretary	Director	$0	$0	$0
JAMES ROUSE	Treasurer	Director	$0	$0	$0
KATHERINA AALUND	Director	Director	$0	$0	$0
TAMARA OLIVER	Director	Director	$0	$0	$0
ALICE HEUER	Director	Director	$0	$0	$0
BARB WRIGHT	Member Honoree	Director	$0	$0	$0
MARTY PIOLKOWSKI	Director	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	$226,676	$216,650	$20,801	$10,026
2023	$203,698	$229,238	$13,751	$-25,540
2022	$202,717	$202,279	$37,173	$438
2018	$171,636	$177,270	$7,527	$-5,634

THEO Inc