BALTIMORE SCHOOL FOR THE ARTS FOUNDATION INC (EIN 521174284) - 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

1980

Legal Domicile

Principal Officer

NANCY STEINER

Phone

4103473043

Tax Period

2024-07-01 to 2025-06-30

BALTIMORE SCHOOL FOR THE ARTS FOUNDATION INC, founded in 1980, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Expenses of $4.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE BALTIMORE SCHOOL FOR THE ARTS, A 4 YEAR PUBLIC HIGH SCHOOL (THE 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 $1,255,509

Program Service Revenue $1,220,581

Investment Income $703,116

Other Revenue $530,651

TOTAL REVENUE $3,709,857

Expense Breakdown

Grants Paid $118,065

Salaries & Benefits $3,072,894

Fundraising Expenses $326,158

Program Expenses $3,684,930

Other Expenses $996,996

TOTAL EXPENSES $4,187,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,709,857	$3,833,491	0.0%
Expenses	$4,187,955	$4,431,662	-0.1%
Net Income	$-478,098	$-598,171	-0.2%

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

177

Volunteers

100

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

$130,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA JOSEPH	TRUSTEE	2.00	Director	$0	$0	$0
LI-WEN KANG	TRUSTEE	2.00	Director	$0	$0	$0
JULIE ROTHMAN	TRUSTEE	2.00	Director	$0	$0	$0
SHANAE MCLEAN	TRUSTEE	2.00	Director	$0	$0	$0
NATALIE SHERMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS DAME	VICE PRESIDENT	2.00	Officer	$0	$0	$0
HARRY GRUNER	TREASURER	2.00	Officer	$0	$0	$0
NANCY STEINER	SECRETARY	40.00	Officer	$120,638	$10,244	$130,882

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	$3,709,857	$4,187,955	$27,763,305	$-478,098
2024	$3,833,491	$4,431,662	$25,981,212	$-598,171
2023	$4,221,586	$4,007,587	$24,515,470	$213,999
2022	$3,552,392	$3,374,598	$22,453,780	$177,794
2021	$4,443,943	$2,979,193	$25,861,674	$1,464,750
2020	$4,605,550	$3,806,837	$20,075,063	$798,713
2019	$4,756,808	$3,222,763	$18,671,876	$1,534,045
2018	$3,674,494	$3,028,565	$16,403,890	$645,929

BALTIMORE SCHOOL FOR THE ARTS FOUNDATION INC