Arts Academy Elementary Charter School (EIN 473603998) - 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

Amy Best

Phone

6108414560

Tax Period

2023-07-01 to 2024-06-30

Arts Academy Elementary Charter School, founded in 2013, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $8.5M left a modest 4% surplus.

Mission

The Arts Academy Elementary Charter School To provide a rich and comprehensive educational program for students in grades K-5 by employing an intensive artistic immersion program. A rigorous and traditional academic program will be enhanced with rich and

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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 $8,858,721

Investment Income $14,061

Other Revenue $0

TOTAL REVENUE $8,872,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,270,206

Fundraising Expenses $0

Program Expenses $6,197,943

Other Expenses $2,254,082

TOTAL EXPENSES $8,524,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,872,782	$7,969,367	+0.1%
Expenses	$8,524,288	$7,815,699	+0.1%
Net Income	$348,494	$153,668	+1.3%

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

106

Volunteers

N/A

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

$125,235

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Best	President	2.00	Officer Director	$0	$0	$0
Rosalee Sabo	Vice President	2.00	Officer Director	$0	$0	$0
Casey Gallagher	Treasurer	2.00	Officer Director	$0	$0	$0
Zanetta Worthy-Groff	Board Member	2.00	Officer Director	$0	$0	$0
Sally Ann Hanzlik	Board Member	2.00	Officer Director	$0	$0	$0
Angela Sigley Grossman	Board Member	2.00	Director	$0	$0	$0
Aldo Cavalli	CEO	40.00	Key Emp	$125,235	$0	$125,235
Cristal McCollum	Principal	40.00	Highest	$113,745	$0	$113,745

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	$8,872,782	$8,524,288	$10,276,904	$348,494
2023	$7,969,367	$7,815,699	$10,207,423	$153,668
2022	$7,236,438	$7,338,809	$10,589,507	$-102,371
2021	$6,498,918	$6,171,365	$2,224,966	$327,553
2020	$6,244,077	$5,670,609	$1,830,756	$573,468
2019	$6,089,037	$5,780,597	$1,403,058	$308,440
2018	$5,351,835	$5,111,830	$1,183,388	$240,005

Arts Academy Elementary Charter School