PERFORMING ARTS ACADEMY (EIN 454372479) - 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

JAMES RAMSEY

Phone

3039007041

Tax Period

2025-01-01 to 2025-12-31

PERFORMING ARTS ACADEMY, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 4% surplus.

Mission

TO PROVIDE TRANSFORMATIVE CHARACTER BUILDING EXPERIENCES THROUGH PERFORMING ARTS EDUCATION.

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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 $696,548

Program Service Revenue $834,590

Investment Income $15,427

Other Revenue $-16,537

TOTAL REVENUE $1,530,028

Expense Breakdown

Grants Paid $34,352

Salaries & Benefits $608,501

Fundraising Expenses $106,469

Program Expenses $1,242,315

Other Expenses $826,296

TOTAL EXPENSES $1,469,149

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,530,028	$1,366,279	+0.1%
Expenses	$1,469,149	$1,281,493	+0.1%
Net Income	$60,879	$84,786	-0.3%

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

$122,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RAMSEY	EXECUTIVE DI	40.00	Officer	$61,531	$0	$61,531
TALETHA POGGE	FINANCE DIRE	40.00	Officer	$61,320	$0	$61,320
DAVID RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA GIVENS	CHAIR	1.50	Officer Director	$0	$0	$0
ELISE COLLINS	VICE CHAIR	1.50	Officer Director	$0	$0	$0
CARL FITCH	SECRETARY	1.50	Officer Director	$0	$0	$0
KEN FONG	TREASURER	1.50	Officer Director	$0	$0	$0
MARTY DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTEN BRENDLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GIBBONS	BOARD MEMBER	1.00	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	$1,530,028	$1,469,149	$1,258,360	$60,879
2024	$1,366,279	$1,281,493	$822,976	$84,786
2023	$1,268,207	$1,128,091	$804,514	$140,116
2022	$1,082,453	$1,020,362	$808,627	$62,091
2021	$854,339	$751,673	$432,362	$102,666
2020	$576,325	$528,257	$326,375	$48,068
2019	$575,844	$531,572	$267,791	$44,272
2018	$492,592	$485,864	$184,296	$6,728

PERFORMING ARTS ACADEMY