School of the Performing Arts in t… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

John Tong

Phone

8043533393

Tax Period

2024-09-01 to 2025-08-31

School of the Performing Arts in the Richmond Community, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

SPARC profoundly influences the lives of young people through exceptional performing arts education. It is SPARC's vision to inspire the confidence, creativity, and character of every young person in the country.

Program Service Accomplishments

Program 1

Live Arts: SPARC's unique program of performing arts education classes and major public performance experiences, inclusive of students with and without disabilities. Live art partners with 11 other community organizations including nonprofits, public schools, private schools, and government agencies, who provide wide community support, space for class meetings, and a network for identifying students for participation. Participating students include those with developmental disabilities, hearing and vision impairment, and typically developing students, learning together in inclusive and peer-supportive environments.

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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 $2,198,661

Program Service Revenue $794,903

Investment Income $93,148

Other Revenue $12,903

TOTAL REVENUE $3,099,615

Expense Breakdown

Grants Paid $138,759

Salaries & Benefits $1,090,398

Fundraising Expenses $208,340

Program Expenses $1,499,035

Other Expenses $628,489

TOTAL EXPENSES $1,857,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,099,615	$1,751,403	+0.8%
Expenses	$1,857,646	$1,947,832	0.0%
Net Income	$1,241,969	$-196,429	-7.3%

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

107

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

$99,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marc A Greenberg	President	5.00	Officer Director	$0	$0	$0
Pamela Belleman	Immediate Past President	2.00	Officer Director	$0	$0	$0
Terrence Wilson	Treasurer	2.00	Officer Director	$0	$0	$0
Matthew Reynolds	Secretary	2.00	Officer Director	$0	$0	$0
Jason Hatcher	Director	1.00	Director	$0	$0	$0
Dr Ellen Palen	Director	1.00	Director	$0	$0	$0
Susan Craven Johnson	Director	1.00	Director	$0	$0	$0
Kate Stark	Director	1.00	Director	$0	$0	$0
Shawn Moore	Director	1.00	Director	$0	$0	$0
Clara Pettus	Director	1.00	Director	$0	$0	$0
Ann Ramage	Director	1.00	Director	$0	$0	$0
Sam Warren	Director	1.00	Director	$0	$0	$0
Lynn Greer	Director	1.00	Director	$0	$0	$0
Lisa Sims	Director	1.00	Director	$0	$0	$0
Brad Armstrong	Director	1.00	Director	$0	$0	$0
Cindy Williams	Director	1.00	Director	$0	$0	$0
Diane Carnohan	Director	1.00	Director	$0	$0	$0
Christie-Jo Carter Adams	Director	1.00	Director	$0	$0	$0
John Tong	Executive Director	40.00	Officer	$97,335	$2,243	$99,578

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	$3,099,615	$1,857,646	$5,754,358	$1,241,969
2024	$1,751,403	$1,947,832	$4,537,676	$-196,429
2023	$1,509,732	$1,924,062	$4,626,448	$-414,330
2022	$2,911,343	$1,805,194	$4,988,298	$1,106,149
2021	$1,991,132	$1,512,558	$4,433,258	$478,574
2020	$1,306,365	$1,813,512	$3,965,085	$-507,147
2019	$2,406,939	$2,688,333	$4,313,967	$-281,394
2018	$2,805,958	$2,651,880	$4,924,674	$154,078

School of the Performing Arts in the Richmond Community