Wilmington Academy of Arts and Sciences (EIN 562004167) - 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

1997

Legal Domicile

Principal Officer

Justin Fischetti

Phone

9103923139

Tax Period

2023-07-01 to 2024-06-30

Wilmington Academy of Arts and Sciences, founded in 1997, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 7% surplus.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES DESIGNED TO PROMOTE ACADEMIC ACHIEVEMENT, PERSONAL RESPONSIBILTY, SOCIAL DEVELOPMENT AND LIFE-LONG LEARNING.

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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 $2,432

Program Service Revenue $1,181,345

Investment Income $30,698

Other Revenue $-6,400

TOTAL REVENUE $1,208,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,732

Fundraising Expenses $0

Program Expenses $1,104,327

Other Expenses $298,886

TOTAL EXPENSES $1,126,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,208,075	$1,042,217	+0.2%
Expenses	$1,126,618	$970,381	+0.2%
Net Income	$81,457	$71,836	+0.1%

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

Total Directors

$121,149

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Fischetti	Head of School	40.00	Director	$121,149	$0	$121,149
Brent Schraff	Treasurer	5.00	Officer Director	$0	$0	$0
Vaishali Escaravage	Trustee	5.00	Director	$0	$0	$0
Paul Yokubaitis	Chairman	5.00	Officer Director	$0	$0	$0
Vicky Robinson	Vice Chair	5.00	Officer Director	$0	$0	$0
Yishi Wang	Trustee	5.00	Director	$0	$0	$0
Mike Estrem	Secretary	5.00	Officer Director	$0	$0	$0
Jesse Simon	Faculty Rep	5.00	Director	$0	$0	$0
Sridhar Varadarajan	Trustee	5.00	Director	$0	$0	$0
Nancy Cunningham	Trustee	5.00	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	$1,208,075	$1,126,618	$1,969,958	$81,457
2023	$1,042,217	$970,381	$2,080,567	$71,836
2022	$902,323	$959,365	$1,993,593	$-57,042
2021	$980,508	$818,627	$2,024,417	$161,881
2020	$885,816	$776,715	$1,983,478	$109,101
2019	$992,114	$808,860	$1,793,551	$183,254

Wilmington Academy of Arts and Sciences