THE FOUNDATION OF ARTS OF NEA INC

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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

STEPHANIE EPPS

Phone

8709352726

Tax Period

2024-08-01 to 2025-07-31

THE FOUNDATION OF ARTS OF NEA INC, founded in 1986, is a small nonprofit that reported $719K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR COMMUNITY THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $350,571 Revenue: $488,220

PROGRAMS SUCH AS THEATRICAL PRODUCTIONS, MUSIC, AND ART INSTRUCTION ARE OFFERED TO THE REGION TO FOSTER A BETTER APPRECIATION AND UNDERSTANDING OF THE ARTS.

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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 $207,527

Program Service Revenue $488,220

Investment Income $21,091

Other Revenue $2,229

TOTAL REVENUE $719,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,084

Fundraising Expenses $2,866

Program Expenses $350,571

Other Expenses $437,281

TOTAL EXPENSES $764,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$719,067	$1,040,175	-0.3%
Expenses	$764,365	$829,644	-0.1%
Net Income	$-45,298	$210,531	-1.2%

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

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

$1,545

Total Directors

$50,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS PIERCE	CHAIR	1.00	Officer Director	$0	$0	$0
MARANDA NICHOLS	SECRETARY	1.00	Officer Director	$1,545	$0	$1,545
ROB SPENCER	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA HERGET	BOARD MEMBER	1.00	Director	$0	$0	$0
HANS HACKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE EPPS	EXECUTIVE DIRECTOR	40.00	Director	$48,779	$0	$48,779

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	$719,067	$764,365	$543,078	$-45,298
2024	No data	No data	No data	No data
2023	$767,956	$779,785	$375,798	$-11,829
2022	$750,725	$738,357	$364,497	$12,368
2021	$940,567	$810,839	$386,379	$129,728
2020	$592,614	$551,252	$293,532	$41,362
2019	$648,962	$635,047	$197,749	$13,915
2018	$576,176	$570,240	$162,486	$5,936