ARTESIAN SCHOOLS INC (EIN 461846698) - 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

ASHLEY SMITH

Phone

9013000813

Tax Period

2019-07-01 to 2020-06-30

ARTESIAN SCHOOLS INC, founded in 2012, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2019. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 31% operating deficit.

Mission

ARTESIAN SCHOOL'S MISSION IS TO PROVIDE THE EDUCATIONAL FOUNDATION FOR STUDENTS TO EARN COLLEGE DEGREES OR INDUSTRY CERTIFICATIONS IN CAREER FIELDS OF THEIR CHOICE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,360,817

Program Service Revenue $0

Investment Income $-13,585

Other Revenue $1,931

TOTAL REVENUE $1,349,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,128,653

Fundraising Expenses $0

Program Expenses $1,261,679

Other Expenses $634,461

TOTAL EXPENSES $1,763,114

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,349,163	$2,660,025	-0.5%
Expenses	$1,763,114	$2,193,146	-0.2%
Net Income	$-413,951	$466,879	-1.9%

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

$96,262

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY SMITH	CEO	80.00	Officer	$96,262	$0	$96,262
EDWARD HARPER	TREASURER	3.00	Officer Director	$0	$0	$0
ERICA HOPKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON JONES	CHAIR	2.00	Officer Director	$0	$0	$0
GWENDOLYN SHIELDS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MIKE WATERMEIER	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
2020	$1,349,163	$1,763,114	$727,474	$-413,951
2019	$2,660,025	$2,193,146	$1,114,813	$466,879
2018	$1,463,952	$1,554,124	$583,128	$-90,172

ARTESIAN SCHOOLS INC