THE REDMOND ACADEMY OF THEATRE ARTS (EIN 461623407) - 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

Kelly Willis

Phone

4258812773

Tax Period

2024-01-01 to 2024-12-31

THE REDMOND ACADEMY OF THEATRE ARTS, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $790K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $744K left a modest 6% surplus.

Mission

To allow children and others an opportunity to experience the joy of theater through drama, music and dance, and present theatrical productions that will educate as well as illuminate the students and our community at large. The organization also provides an affordable space for community theater performances.

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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 (2024)

Revenue Breakdown

Contributions & Grants $188,001

Program Service Revenue $601,790

Investment Income $141

Other Revenue $0

TOTAL REVENUE $789,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,603

Fundraising Expenses $0

Program Expenses $443,726

Other Expenses $527,240

TOTAL EXPENSES $743,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$789,932	$692,365	+0.1%
Expenses	$743,843	$670,745	+0.1%
Net Income	$46,089	$21,620	+1.1%

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

100

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

$58,959

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Willis	Artistic Director	50	Key Emp Highest	$58,959	$0	$58,959
Melissa Davis	President	5	Officer	$0	$0	$0
Christine Lee	Treasurer	5	Officer	$0	$0	$0
Kala Kannan	Secretary	5	Officer	$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	No data	No data	No data	No data
2024	$789,932	$743,843	$186,337	$46,089
2023	$692,365	$670,745	$194,148	$21,620
2022	$516,534	$552,751	$119,154	$-36,217
2021	$369,352	$385,330	$155,371	$-15,978
2020	$244,564	$282,014	$146,730	$-37,450

THE REDMOND ACADEMY OF THEATRE ARTS