THE GOVERNOR'S SCHOOL FOR THE ARTS FOUNDATION (EIN 541656477) - 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

1989

Legal Domicile

Principal Officer

DEBORAH THORPE

Phone

7574514711

Tax Period

2024-07-01 to 2025-06-30

THE GOVERNOR'S SCHOOL FOR THE ARTS FOUNDATION, founded in 1989, is a small nonprofit that reported $231K in total revenue in fiscal year 2018. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $431K exceeded revenue, resulting in a 87% operating deficit.

Mission

SUPPORT GOVERNOR'S SCHOOL FOR THE ARTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $384,104

Program Service Revenue $0

Investment Income $159,187

Other Revenue $0

TOTAL REVENUE $543,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,152

Other Expenses $72,774

TOTAL EXPENSES $473,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,291	$668,227	-0.2%
Expenses	$473,517	$687,408	-0.3%
Net Income	$69,774	$-19,181	-4.6%

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

N/A

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
MARY KATE ANDRIS	DIRECTOR	N/A	Director	$0	$0	$0
WENDY AUERBACH	DIRECTOR	N/A	Director	$0	$0	$0
DENA CAIN	SECRETARY	N/A	Officer Director	$0	$0	$0
MORGAN CHASE	DIRECTOR	N/A	Director	$0	$0	$0
NANCY CREECH	DIRECTOR	N/A	Director	$0	$0	$0
ALLISON DUBREILL	DIRECTOR	N/A	Director	$0	$0	$0
LINDA DYER	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN EILBERG	DIRECTOR	N/A	Director	$0	$0	$0
SARAH KINGSLEY	DIRECTOR	N/A	Director	$0	$0	$0
KAMALA LANNETTI	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER MORGEN	DIRECTOR	N/A	Director	$0	$0	$0
KATHRYN SHELTON	PRESIDENT	N/A	Officer Director	$0	$0	$0
KAREN CONWELL SMITH	DIRECTOR	N/A	Director	$0	$0	$0
ERIC THOMPSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
VIRGINIA THUMM	DIRECTOR	N/A	Director	$0	$0	$0
BC WILSON	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH THORPE	FOUNDATION D	N/A	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	$543,291	$473,517	$1,920,784	$69,774
2024	$668,227	$687,408	$1,851,010	$-19,181
2023	$453,280	$565,400	$1,870,191	$-112,120
2022	$383,068	$430,314	$1,884,903	$-47,246
2021	$323,880	$411,495	$2,114,013	$-87,615
2020	$390,058	$404,643	$2,029,327	$-14,585
2019	$230,719	$430,529	$2,004,153	$-199,810

THE GOVERNOR'S SCHOOL FOR THE ARTS FOUNDATION