THE ACADEMY OF ARTS (EIN 591525472) - 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

1971

Legal Domicile

Principal Officer

NOAH STRATTON

Phone

8642441688

Tax Period

2023-10-01 to 2024-09-30

THE ACADEMY OF ARTS, founded in 1971, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023.

Mission

PROMOTE THE CHRISTIAN FAITH

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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 $248,027

Program Service Revenue $3,060,379

Investment Income $96

Other Revenue $0

TOTAL REVENUE $3,308,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $871,292

Fundraising Expenses $0

Program Expenses $2,562,999

Other Expenses $2,380,781

TOTAL EXPENSES $3,252,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,308,502	$3,088,198	+0.1%
Expenses	$3,252,073	$2,850,769	+0.1%
Net Income	$56,429	$237,429	-0.8%

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

$19,173

Total Directors

$69,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH DEASON	CFO	40.00	Director	$31,591	$0	$31,591
NOAH STRATTON	PRESIDENT	40.00	Officer Director	$19,173	$0	$19,173
NICOLE STRATTON	ARTISTIC DIR	40.00	Director	$19,143	$0	$19,143
BEN BOSWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CORSALE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH HAINSWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA PISARCIK	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY SNOW	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID THOMAS	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	$3,308,502	$3,252,073	$2,164,938	$56,429
2023	$2,958,489	$2,905,025	No data	$53,464
2022	$1,967,967	$1,564,097	No data	$403,870
2021	$1,586,085	$1,405,334	No data	$180,751
2020	$1,139,086	$1,166,899	No data	$-27,813
2019	$1,353,099	$1,118,202	No data	$234,897
2018	$990,922	$886,522	No data	$104,400

THE ACADEMY OF ARTS