Spokane Art School (EIN 454610507) - 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

2012

Legal Domicile

Principal Officer

Tad Wisenor

Tax Period

2022-01-01 to 2022-12-31

Spokane Art School, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2022. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 43% operating margin.

Mission

To provide education in the fine 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 (2022)

Revenue Breakdown

Contributions & Grants $77,673

Program Service Revenue $41,443

Investment Income $117,338

Other Revenue $0

TOTAL REVENUE $236,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,292

Fundraising Expenses $0

Program Expenses $75,660

Other Expenses $77,643

TOTAL EXPENSES $133,935

Year-over-Year Comparison

	2022	2021	Change
Revenue	$236,454	$78,416	+2.0%
Expenses	$133,935	$66,615	+1.0%
Net Income	$102,519	$11,801	+7.7%

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

$36,114

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jodi Davis	Office Manager	35.00	Key Emp	$36,114	$0	$36,114
Mariah Boyle	Director	1.00	Director	$0	$0	$0
Teanne Kurtz	Director	1.00	Director	$0	$0	$0
Karen Kaiser	Director	1.00	Director	$0	$0	$0
Tad Wisenor	President	10.00	Officer Director	$0	$0	$0
Lisa Sorranka	Secretary	1.00	Officer 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
2022	$236,454	$133,935	$226,738	$102,519

Spokane Art School