THE FOUNDATION OF ARTS OF NEA INC (EIN 581682412) - 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

1986

Legal Domicile

Principal Officer

DANA KELLEY

Phone

8709352726

Tax Period

2022-08-01 to 2023-07-31

THE FOUNDATION OF ARTS OF NEA INC, founded in 1986, is a small nonprofit that reported $576K in total revenue in fiscal year 2017.

Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR COMMUNITY THROUGH 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 (2022)

Revenue Breakdown

Contributions & Grants $208,251

Program Service Revenue $466,231

Investment Income $65

Other Revenue $93,409

TOTAL REVENUE $767,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $379,771

Fundraising Expenses $2,052

Program Expenses $308,519

Other Expenses $400,014

TOTAL EXPENSES $779,785

Year-over-Year Comparison

	2022	2021	Change
Revenue	$767,956	$750,725	+0.0%
Expenses	$779,785	$738,357	+0.1%
Net Income	$-11,829	$12,368	-2.0%

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

1550

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

$3,030

Total Directors

$48,024

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANEA SPADES	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSS PIERCE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARANDA NICHOLS	SECRETARY	1.00	Officer Director	$3,030	$0	$3,030
LORENZO BALDERAS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MAGLOTHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB SPENCER	TREASURER	1.00	Officer Director	$0	$0	$0
DANA KELLEY	CHAIRMAN OF BOARD	1.00	Officer Director	$0	$0	$0
LESLE ALLEN	BOARD MEMBER	1.00	Director	$755	$0	$755
MIKEL C WEWERS	FORMER EXECUTIVE DIRECTOR	40.00	Director	$44,239	$0	$44,239
REBECCA ORR	BOARD MEMBER	1.00	Director	$0	$0	$0
HANS HACKER	BOARD MEMBER	1.00	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
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

THE FOUNDATION OF ARTS OF NEA INC