Arts Academy Charter Middle School Foundation Inc (EIN 473045627) - 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

2015

Legal Domicile

Principal Officer

Mike McGovern

Phone

6103510234

Tax Period

2023-07-01 to 2024-06-30

Arts Academy Charter Middle School Foundation Inc, founded in 2015, is a small nonprofit in the Education sector that reported $395K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $528K exceeded revenue, resulting in a 33% operating deficit.

Mission

Foundation will promote,enhance, and supplement educational programs, including extracurricular activities, for the benefit of Arts Academy Charter School

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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 $0

Program Service Revenue $0

Investment Income $87

Other Revenue $395,250

TOTAL REVENUE $395,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $527,553

Other Expenses $527,553

TOTAL EXPENSES $527,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,337	$365,678	+0.1%
Expenses	$527,553	$622,052	-0.2%
Net Income	$-132,216	$-256,374	-0.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike McGovern	President	1.00	Director	$0	$0	$0
Jack Siplak	Treasurer	1.00	Director	$0	$0	$0
Autumn Bragg	Secretary	1.00	Director	$0	$0	$0
Thea Phalon	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
2024	$395,337	$527,553	$6,030,899	$-132,216
2023	$365,678	$622,052	$6,229,215	$-256,374
2022	$-5,186	No data	$6,517,093	No data
2021	No data	$10	$2,315	No data
2020	No data	No data	No data	No data
2019	No data	No data	No data	No data
2018	No data	No data	No data	No data

Arts Academy Charter Middle School Foundation Inc