PROVIDENCE SCHOOL OF ARTS INC (EIN 464640664) - 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

2013

Legal Domicile

Principal Officer

Marcus Oatis

Phone

8166436300

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE SCHOOL OF ARTS INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $615K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

The organization's purpose is to assist students to reach their full potential through a rigorous elementary and secondary curriculum that integrates the Fine and Performing 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 (2024)

Revenue Breakdown

Contributions & Grants $224,417

Program Service Revenue $383,947

Investment Income $1

Other Revenue $6,200

TOTAL REVENUE $614,565

Expense Breakdown

Grants Paid $184,085

Salaries & Benefits $275,907

Fundraising Expenses $36,651

Program Expenses $532,524

Other Expenses $161,678

TOTAL EXPENSES $632,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,565	$477,121	+0.3%
Expenses	$632,295	$467,980	+0.4%
Net Income	$-17,730	$9,141	-2.9%

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcus Oatis	Executive Director	45	Officer	$45,000	$0	$45,000
Rob Harris	President	5	Officer Director	$0	$0	$0
David Blackburn	Treasurer	5	Officer Director	$0	$0	$0
Sadie Elliott	Director	5	Director	$0	$0	$0
Kristi High Smith	Director	5	Director	$0	$0	$0
Brian Roper	Director	5	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
2025	$614,565	$632,295	$48,322	$-17,730
2024	$477,121	$467,980	$83,350	$9,141
2023	$339,591	$370,031	$17,244	$-30,440
2022	$366,287	$338,576	$45,536	$27,711

PROVIDENCE SCHOOL OF ARTS INC