Arts Academy Charter School (EIN 453586665) - 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

2011

Legal Domicile

Principal Officer

William Fitzpatrick

Phone

6103510234

Tax Period

2023-07-01 to 2024-06-30

Arts Academy Charter School, founded in 2011, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2023. Expenses of $5.4M left a modest 13% surplus.

Mission

The Arts Academy Charter School: Serving students in grades 5-8, is a free, arts-enriched public school. Academic curriculum will be enriched by classes in dance, figure

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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 $6,203,309

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,203,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,490,223

Fundraising Expenses $0

Program Expenses $2,926,369

Other Expenses $1,887,678

TOTAL EXPENSES $5,377,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,203,309	$6,402,616	0.0%
Expenses	$5,377,901	$5,477,436	0.0%
Net Income	$825,408	$925,180	-0.1%

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

$102,706

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Jamison	President	1.00	Officer Director	$0	$0	$0
Susan Harlan	Vice President	1.00	Officer Director	$0	$0	$0
Scott Keifer	Treasurer	1.00	Officer Director	$0	$0	$0
Anu Sachdev	Board Member	1.00	Officer Director	$0	$0	$0
Chelsea Morrese	Board Member	1.00	Officer Director	$0	$0	$0
Denise Irizarry	Board Member	1.00	Officer Director	$0	$0	$0
Jennifer Gross	Board Member	1.00	Officer Director	$0	$0	$0
Michael Judkins	Board Member	1.00	Officer Director	$0	$0	$0
William Fitzpatrick	CEO	40.00	Key Emp Highest	$102,706	$0	$102,706

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	$6,203,309	$5,377,901	$9,932,492	$825,408
2023	$6,402,616	$5,477,436	$9,776,061	$925,180
2022	$6,215,445	$5,747,368	$9,652,812	$468,077
2021	$5,363,735	$5,126,370	$3,124,590	$237,365
2020	$5,361,773	$5,033,498	$3,118,288	$328,275
2019	$5,445,528	$5,158,719	$3,370,996	$286,809
2018	$5,231,151	$5,123,994	$3,515,854	$107,157

Arts Academy Charter School