FLORIDA ART EDUCATION ASSOCIATION INC (EIN 510182663) - 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

1976

Legal Domicile

Principal Officer

KATHLEEN D SANZ PHD

Phone

8502050068

Tax Period

2024-07-01 to 2025-06-30

FLORIDA ART EDUCATION ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $259K in total revenue in fiscal year 2024. Expenses of $246K left a modest 5% surplus.

Mission

THE MISSION OF FLORIDA ART ASSOCIATION, INC. IS TO PROMOTE ART EDUCATION IN FLORIDA THROUGH PROFESSIONAL DEVELOPMENT, SERVICE, ADVANCEMENT OF KNOWLEDGE, AND LEADERSHIP.

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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 $72,739

Program Service Revenue $166,349

Investment Income $19,886

Other Revenue $0

TOTAL REVENUE $258,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,331

Other Expenses $245,650

TOTAL EXPENSES $245,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,974	$241,553	+0.1%
Expenses	$245,650	$274,512	-0.1%
Net Income	$13,324	$-32,959	-1.4%

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

138

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
LATONYA HICKS	PRESIDENT	3.00	Officer Director	$0	$0	$0
CHRISTY GARTON	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
NANCY PURI	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
HEATHER HAGY	SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHANIE SCANNAPIECO	BOARD MEMBER	3.00	Director	$0	$0	$0
ASHLEY DEMAIO	BOARD MEMBER	3.00	Director	$0	$0	$0
JAQUELENE LIEBERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
DR DEBRA MCGANN	BOARD MEMBER	3.00	Director	$0	$0	$0
DULCIE HAUSE	BOARD MEMBER	3.00	Director	$0	$0	$0
DR LAURIE HOPPOCK	BOARD MEMBER	3.00	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
2025	$258,974	$245,650	$252,492	$13,324
2024	$241,553	$274,512	$238,279	$-32,959
2023	$246,181	$193,145	$257,671	$53,036
2022	$181,602	$180,004	$202,023	$1,598
2021	$84,575	$115,522	$225,125	$-30,947
2020	$189,775	$170,496	$230,370	$19,279
2019	$182,899	$183,635	$215,116	$-736

FLORIDA ART EDUCATION ASSOCIATION INC