MAIN STREET SCHOOL OF PERFORMING ARTS ABC (EIN 473923540) - 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

ED WILMS

Phone

9522241340

Tax Period

2024-07-01 to 2025-06-30

MAIN STREET SCHOOL OF PERFORMING ARTS ABC, founded in 2015, is a small nonprofit in the Education sector that reported $779K in total revenue in fiscal year 2024. Expenses of $698K left a modest 10% surplus.

Mission

MANAGE A BUILDING FOR LEASE TO ITS BENEFICIARY ORGANIZATION PIM ARTS HIGH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $726,750

Investment Income $52,595

Other Revenue $0

TOTAL REVENUE $779,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $664,647

Other Expenses $698,361

TOTAL EXPENSES $698,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$779,345	$766,154	+0.0%
Expenses	$698,361	$810,059	-0.1%
Net Income	$80,984	$-43,905	-2.8%

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
ED WILMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL RODGERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BONNIE MEYER	SECRETARY	1.00	Officer 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	$779,345	$698,361	$8,057,526	$80,984
2024	$766,154	$810,059	$8,171,416	$-43,905
2023	$735,045	$721,399	$8,310,576	$13,646
2022	$695,561	$852,948	$8,380,783	$-157,387
2021	$670,940	$688,578	$8,490,041	$-17,638
2020	$669,088	$710,238	$8,610,273	$-41,150
2019	$669,007	$726,416	$8,761,841	$-57,409
2018	$467,246	$643,047	$8,747,289	$-175,801

MAIN STREET SCHOOL OF PERFORMING ARTS ABC