Art and Science Academy Inc

EIN: 461249634 501(c)(3) Education

Isanti, MN

Total Revenue
$4,448,053
Total Expenses
$5,334,817
Total Assets
$2,200,152
Net Assets
$-628,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MN
Principal Officer
Cora Packard
Phone
7634440342
Tax Period
2024-07-01 to 2025-06-30

Art and Science Academy Inc, founded in 2014, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

The Mission of Art and Science Academy Inc. is to provide outstanding artistic and scientific programs.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,333,262
Program Service Revenue $102,800
Investment Income $1,196
Other Revenue $10,795
TOTAL REVENUE $4,448,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,183,952
Fundraising Expenses $0
Program Expenses $4,328,186
Other Expenses $2,150,865
TOTAL EXPENSES $5,334,817

Year-over-Year Comparison

2024 2023 Change
Revenue $4,448,053 $5,125,729 -0.1%
Expenses $5,334,817 $4,535,657 +0.2%
Net Income $-886,764 $590,072 -2.5%
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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Governance

Voting Members
9
Independent Members
6
Employees
96
Volunteers
30

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
7
$184,169
Total Directors
9
$106,662
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Schorer Board Chair and Parent Member 1.00
Officer Director
$0 $0 $0
Kristy Livingston Board Vice Chair and Parent Member 1.00
Officer Director
$0 $0 $0
Kara Dahl Board Secretary and Community Member 1.00
Officer Director
$500 $0 $500
Rya Reynolds Board Treasurer and Teacher Member 41.00
Officer Director
$0 $0 $0
Christy Flaspeter Parent Member 1.00
Director
$0 $0 $0
Andrea Patton Board Treasurer and Teacher Member 41.00
Officer Director
$47,090 $7,694 $54,784
Allison Minikus Board Treasurer and Teacher Member 41.00
Officer Director
$42,257 $9,121 $51,378
Amber Brown Parent Member 1.00
Director
$0 $0 $0
Erin Engness Community Member 1.00
Director
$0 $0 $0
Cora Packard Executive Director 40.00
Officer
$68,596 $8,911 $77,507
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 $4,448,053 $5,334,817 $2,200,152 $-886,764
2024 $5,125,729 $4,535,657 $3,333,005 $590,072
2023 $4,979,139 $4,497,524 $3,872,235 $481,615
2022 $5,346,674 $4,744,217 $3,569,592 $602,457
2021 $5,099,071 $4,756,608 $7,450,726 $342,463
2020 $4,957,802 $4,677,405 $7,819,782 $280,397
2019 $4,703,120 $4,627,108 $8,929,592 $76,012
2018 $4,145,596 $5,393,522 $8,357,645 $-1,247,926
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