GASTON SCHOOL OF THE ARTS (EIN 561418036) - 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

1986

Legal Domicile

Principal Officer

JOSHUA ADKINS

Phone

7048668882

Tax Period

2023-07-01 to 2024-06-30

GASTON SCHOOL OF THE ARTS, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $311K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $52K, a strong 17% operating margin.

Mission

TO PROVIDE QUALITY, AFFORDABLE ARTS INSTRUCTION IN MUSIC, ART AND DRAMA FOR CHILDREN AND ADULTS IN GASTON COUNTY, NORTH CAROLINA AND THE SURROUNDING AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $63,927

Program Service Revenue $232,998

Investment Income $6,059

Other Revenue $8,236

TOTAL REVENUE $311,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,238

Fundraising Expenses $0

Program Expenses $212,291

Other Expenses $104,187

TOTAL EXPENSES $259,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,220	$266,327	+0.2%
Expenses	$259,425	$263,969	0.0%
Net Income	$51,795	$2,358	+21.0%

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

$48,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PEARSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
DEBORAH LEE	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSHUA ADKINS	EXECUTIVE DI	25.00	Officer	$36,302	$0	$36,302
ANCA MAGA	TREASURER	0.25	Officer Director	$0	$0	$0
DANETTE BANKS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOCELYN THOMPSON	FACULTY REPR	2.00	Officer	$12,432	$0	$12,432
SUKI ZHANG	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHELLE TERBLANCHE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLENE HOKE	BOARD MEMBER	0.00	Director	$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	$311,220	$259,425	$1,155,669	$51,795
2023	$266,327	$263,969	$1,101,839	$2,358
2022	$216,341	$239,433	$1,101,816	$-23,092
2021	$231,136	$171,376	$1,126,965	$59,760
2020	$228,787	$270,549	$1,038,738	$-41,762
2019	$272,171	$258,657	$1,042,456	$13,514

GASTON SCHOOL OF THE ARTS