THE FRIENDS OF THE ARTS SCHOOL 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

1988

Legal Domicile

Principal Officer

STACY SEALE

Phone

8592327255

Tax Period

2023-07-01 to 2024-06-30

THE FRIENDS OF THE ARTS SCHOOL INC, founded in 1988, is a micro nonprofit that reported $27K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO ENSURE A SUPERIOR EDUCATION FOR OUR CHILDREN BY GENERATING FUNDS, PROVIDING VOLUNTEER SERVICES AND CULTIVATING COMMUNITY AWARENESS FOR THE SCHOOL AND ITS EFFORTS TO NOURISH CREATIVITY, PROMOTE ACADEMIC PROFICIENCY, AND ENCOURAGE A RESPECT FOR AND APPRECIATION OF HUMAN DIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $36,175

SPONSORS 6 FUND RAISING PROJECTSSOLICITS DONATIONSPROVIDE SCHOLARSHIPS AND FREE PRODUCTION FOR NEEDY STUDENTSPURCHASE, LEASE AND MAINTAIN INSTRUMENTS AND EQUIPMENTPROVIDE TEACHER AND STUDENT...

SPONSORS 6 FUND RAISING PROJECTSSOLICITS DONATIONSPROVIDE SCHOLARSHIPS AND FREE PRODUCTION FOR NEEDY STUDENTSPURCHASE, LEASE AND MAINTAIN INSTRUMENTS AND EQUIPMENTPROVIDE TEACHER AND STUDENT APPRECIATION AWARDS AND ACTIVITIESPROVIDE MATCHING GRANT MONEY TO SCAPA PROJECTS I.E. CAMP ART SMARTPROVIDE FUNDS TO TEACHERS FOR MUSIC, EQUIPMENT AND SUPPLIES

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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 $25

Program Service Revenue $23,003

Investment Income $431

Other Revenue $3,099

TOTAL REVENUE $26,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,175

Other Expenses $36,175

TOTAL EXPENSES $36,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,558	$44,790	-0.4%
Expenses	$36,175	$43,032	-0.2%
Net Income	$-9,617	$1,758	-6.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MCRAE STEPHENSON	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEXIS GROSS	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
CRYSTAL RANSOM	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIANNA LEGG	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STACY SEALE	VP FINANCE	2.00	Officer Director	$0	$0	$0
STEPHEN MALLORY	TREASURER	2.00	Officer Director	$0	$0	$0
LACEY BUCKLER	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID FROMKE	VP ADMINISTRATION	2.00	Officer Director	$0	$0	$0
IAN NORRIS	VP ADMINISTRATION	2.00	Officer Director	$0	$0	$0
AMY MOORE	VP COMMUNICATION	2.00	Officer Director	$0	$0	$0
AIMEE DIRKSEN	VP PRODUCTIONS	2.00	Director	$0	$0	$0
JAMI HALL	VP ENGAGEMENT	2.00	Officer Director	$0	$0	$0
KAREN JOYCE	VP DEVELOPMENT	2.00	Director	$0	$0	$0
STEFANIE DITTERT	SECRETARY	2.00	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	$26,558	$36,175	$85,913	$-9,617
2023	$44,790	$43,032	$602,299	$1,758
2022	$43,151	$39,337	$600,541	$3,814
2021	$38,279	$36,045	$596,727	$2,234
2020	$66,110	$33,507	$594,493	$32,603
2019	$56,872	$47,902	$561,890	$8,970
2018	$60,970	$54,875	$552,920	$6,095