FLORENCE THOMAS ART SCHOOL INC (EIN 451263531) - 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

2008

Legal Domicile

Principal Officer

Jesica Gerrald

Phone

3368463827

Tax Period

2025-01-01 to 2025-12-31

FLORENCE THOMAS ART SCHOOL INC, founded in 2008, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2025.

Mission

To Provide instruction and exhibition of Fine arts and Heritage Arts

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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 (2025)

Revenue Breakdown

Contributions & Grants $74,216

Program Service Revenue $85,953

Investment Income $249

Other Revenue $52,172

TOTAL REVENUE $212,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,564

Fundraising Expenses $0

Program Expenses $66,770

Other Expenses $98,022

TOTAL EXPENSES $223,586

Year-over-Year Comparison

	2025	2024	Change
Revenue	$212,590	$207,763	+0.0%
Expenses	$223,586	$203,298	+0.1%
Net Income	$-10,996	$4,465	-3.5%

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

N/A

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

$34,376

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Gerrald	Operations Director	40	Highest	$54,000	$0	$54,000
Samantha Oleschuk	Director of Community Engagement	40		$27,885	$0	$27,885
Leila Spriggs	Operations Manager	20	Key Emp	$17,550	$0	$17,550
McCartney Piner	Associate Director	40	Key Emp	$16,826	$0	$16,826
Lydia de la Cerda	Treasurer	10	Director	$0	$0	$0
Bob Powell	Director	5	Director	$0	$0	$0
Brenda Smith	Vice President	10	Director	$0	$0	$0
Michael Howell	President	15	Director	$0	$0	$0
Laurel Rumph	Director	5	Director	$0	$0	$0
Tom Ingledue	Director	5	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	$212,590	$223,586	$381,971	$-10,996
2024	$207,763	$203,298	$430,720	$4,465
2021	$215,214	$169,642	$390,855	$45,572

FLORENCE THOMAS ART SCHOOL INC