ARTS SCHOOLS NETWORK

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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

1983

Legal Domicile

Principal Officer

NICOLE MICHEL

Phone

9703004650

Tax Period

2024-07-01 to 2025-06-30

ARTS SCHOOLS NETWORK, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $287K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LEADERSHIP AND RESOURCES NECESSARY TO INSPIRE AND MAINTAIN EXCELLENCE IN ARTS EDUCATION BY SUPPORTING, SERVING, AND CREATING NETWORK OPPORTUNITIES FOR LEADERS OF SPECIALIZED ARTS SCHOOLS AND COMPLIMENTARY ARTS AND EDUCATION ORGANIZATIONS ACROSS THE COUNTRY.

Program Service Accomplishments

Program 1

Expenses: $166,392 Revenue: $172,510

ESTABLISH AND MAINTAIN COMMUNICATION BETWEEN MEMBERS ENGAGED IN ARTS EDUCATION FOR THE PURPOSE OF THE COLLECTIVE ADVANCEMENT OF THE QUALITY OF ARTS EDUCATION.

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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 $105,745

Program Service Revenue $172,510

Investment Income $8,493

Other Revenue $0

TOTAL REVENUE $286,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,660

Fundraising Expenses $9,141

Program Expenses $166,392

Other Expenses $165,780

TOTAL EXPENSES $288,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,748	$441,295	-0.4%
Expenses	$288,440	$464,308	-0.4%
Net Income	$-1,692	$-23,013	-0.9%

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

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

$81,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LASHAWN FROST	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANTHONY MCWRIGHT	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON PATERA	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VEE POPAT	SECRETARY	2.00	Officer Director	$0	$0	$0
MELINDA RONAYNE	TREASURER	2.00	Officer Director	$0	$0	$0
KYLE WEDBERG	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
ARTESIUS MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY STONE	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA ROSS-WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIANT WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
D BRADFORD HILL	DIRECTOR	1.00	Director	$0	$0	$0
DREW WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
GARRY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
KESHA MCKEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM WILSON	DIRECTOR	1.00	Director	$0	$0	$0
LEE ANTHONY GIBBS II	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITY LEIGHTY	DIRECTOR	1.00	Director	$0	$0	$0
TEREN SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MASCHLER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY GRAY-BOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY FARSON	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP MILLER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BULLEN	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD MIKE BASHAY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JESSE L DRAUD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT A KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE MCCUNE	DIRECTOR	1.00	Director	$0	$0	$0
AHAVA SILKEY-JONES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ALLEN	MANAGING DIRECTOR	40.00	Officer	$81,400	$0	$81,400

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	$286,748	$288,440	$395,942	$-1,692
2024	No data	No data	No data	No data
2023	$1,784,882	$1,768,528	$486,879	$16,354
2022	$696,578	$685,780	$262,892	$10,798
2021	$107,061	$175,287	$219,197	$-68,226
2020	$214,359	$137,872	$287,675	$76,487
2019	$239,338	$156,071	$224,840	$83,267
2018	$206,921	$160,813	$145,606	$46,108