G-STAR SCHOOL OF THE ARTS INC (EIN 650887998) - 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

1998

Legal Domicile

Principal Officer

PIERO NAVARRO

Phone

5619672023

Tax Period

2024-07-01 to 2025-06-30

G-STAR SCHOOL OF THE ARTS INC, founded in 1998, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

THE ORGANIZATION IS A FLORIDA CHARTER SCHOOL AS PROVIDED FOR AND BY FLORIDA STATUTES. THE SCHOOL IS AUTHORIZED BY & UNDER CONTRACT WITH THE PALM BEACH COUNTY FLORIDA SCHOOL DISTRICT. THE SCHOOL PROVIDES EDUCATION FOR HIGH SCHOOL STUDENTS WITH AN EMPHASIS ON ARTS AND THEATER.

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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 $8,792,199

Program Service Revenue $0

Investment Income $914

Other Revenue $28,172

TOTAL REVENUE $8,821,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,947,178

Fundraising Expenses $0

Program Expenses $7,825,559

Other Expenses $3,221,656

TOTAL EXPENSES $9,168,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,821,285	$10,903,347	-0.2%
Expenses	$9,168,834	$9,730,222	-0.1%
Net Income	$-347,549	$1,173,125	-1.3%

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

$138,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PIERO NAVARRO	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MICHELLE FORGIONE	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID LEE ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES GOLDEN	DIRECTOR	2.00	Director	$0	$0	$0
KIM COLLINS	PRINCIPAL	40.00	Officer	$126,485	$11,567	$138,052
DAVID BECKMAN	AICE COORDINATOR AND MATH TEACHER	40.00	Highest	$108,123	$10,951	$119,074

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	$8,821,285	$9,168,834	$7,090,539	$-347,549
2024	$10,903,347	$9,730,222	$7,699,432	$1,173,125
2023	$8,823,698	$9,479,386	$8,025,989	$-655,688
2022	$8,273,513	$7,583,688	$7,273,588	$689,825
2021	$6,921,120	$7,238,308	$7,126,665	$-317,188
2020	$6,617,376	$6,819,507	$6,816,546	$-202,131
2019	$6,923,606	$7,867,994	$7,472,225	$-944,388

G-STAR SCHOOL OF THE ARTS INC