ROYAL COLLEGE OF ART USA INC (EIN 455295727) - 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

PETER RUSSELL-CLARKE

Phone

6468670994

Tax Period

2023-01-01 to 2023-12-31

ROYAL COLLEGE OF ART USA INC, founded in 2012, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $502K exceeded revenue, resulting in a 136% operating deficit.

Mission

TO SUPPORT THE 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 (2023)

Revenue Breakdown

Contributions & Grants $212,987

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,987

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,000

Other Expenses $1,905

TOTAL EXPENSES $501,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,987	$2,578,910	-0.9%
Expenses	$501,905	$4,001,071	-0.9%
Net Income	$-288,918	$-1,422,161	-0.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER RUSSELL CLARKE	PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
PAUL THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
LADY CAROLINE GRAINGE	DIRECTOR/VICE PRES	0.50	Director	$0	$0	$0
FRANCESCA AMFITHEATROF	TRUSTEE/DIRECTOR	0.50	Director	$0	$0	$0
ALASTAIR CURTIS	TRUSTEE/DIRECTOR	0.50	Director	$0	$0	$0
HELEN PROTHEROE	SEC/TREAS/DIR	1.00	Officer Director	$0	$0	$0
SHAUN FRADD	EXECUTIVE DIRECTOR	2.00	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
2023	$212,987	$501,905	$222,131	$-288,918
2022	$2,578,910	$4,001,071	$511,021	$-1,422,161
2021	$14,916,047	$15,787,598	$1,933,182	$-871,551
2020	$2,556,633	$6	$2,804,733	$2,556,627
2019	$409,472	$388,125	$248,106	$21,347
2018	$1,445,830	$1,757,505	$226,759	$-311,675

ROYAL COLLEGE OF ART USA INC