THEA FOUNDATION (EIN 522356755) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

NICK LEOPOULOS

Phone

5013793512

Tax Period

2023-07-01 to 2024-06-30

THEA FOUNDATION, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $208K, a strong 20% operating margin.

Mission

TO ADVOCATE THE IMPORTANCE OF THE ARTS IN THE DEVELOPMENT OF OUR YOUTH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,134,885

Program Service Revenue $100,000

Investment Income $378,702

Other Revenue $-36,064

TOTAL REVENUE $1,577,523

Expense Breakdown

Grants Paid $207,900

Salaries & Benefits $341,522

Fundraising Expenses $49,798

Program Expenses $864,840

Other Expenses $519,293

TOTAL EXPENSES $1,068,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,577,523	$1,196,723	+0.3%
Expenses	$1,068,715	$1,014,380	+0.1%
Net Income	$508,808	$182,343	+1.8%

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

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

$109,706

Total Directors

$109,706

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE HAWSEY	PRESIDENT	4.00	Officer Director	$0	$0	$0
BRENT BLACK	TREASURER	2.00	Officer Director	$0	$0	$0
NICK LEOPOULOS	EXECUTIVE DIRECTOR	40.00	Officer Director	$102,336	$7,370	$109,706
SHARON HEFLIN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER HERRON	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE LAMBERTH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MARKS	DIRECTOR	2.00	Director	$0	$0	$0
ALEX MONTEZ	DIRECTOR	2.00	Director	$0	$0	$0
GREG PILEWSKI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SHAEFFER	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE SHAW	DIRECTOR	2.00	Director	$0	$0	$0
RAMY ZIMMEREBNER	DIRECTOR	2.00	Director	$0	$0	$0
BRYANT PHELAN	SECRETARY	2.00	Officer	$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	No data	No data	No data	No data
2024	$1,577,523	$1,068,715	$6,184,325	$508,808
2023	$1,196,723	$1,014,380	$5,762,475	$182,343
2022	$954,532	$727,329	$5,510,380	$227,203
2021	$676,591	$774,185	$5,712,592	$-97,594
2020	$813,759	$865,197	$5,177,476	$-51,438
2019	$1,056,553	$848,457	$5,380,498	$208,096

THEA FOUNDATION