NEAR & ARNOLDS SCHOOL OF PERFORMING ARTS AND CULTURAL EDUCATION (EIN 680379044) - 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

1995

Legal Domicile

Principal Officer

LAUREL NEAR

Phone

7074629370

Tax Period

2023-01-01 to 2023-12-31

NEAR & ARNOLDS SCHOOL OF PERFORMING ARTS AND CULTURAL EDUCATION, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $702K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $850K exceeded revenue, resulting in a 21% operating deficit.

Mission

SPACE'S MISSION IS TO EMPOWER OUR YOUTH TO DISCOVER AND TRUST IN THEIR INNATE ABILITY TO BE CREATIVE, RESPONSIBLE, AND COMPASSIONATE INDIVIDUALS THROUGH EFFECTIVE TRAINING IN DANCE, THEATER, MUSIC, AND CULTURAL EDUCATION. THE SCHOOL OF PERFORMING ARTS AND CULURAL EDUCATION (AKA SPACE) PROVIDES CLASSES IN DANCE, ACTING, MUSICAL THEATRE, AND ART IN A CULTURALLY DIVERSE CONTEXT.

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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 $321,584

Program Service Revenue $369,342

Investment Income $266

Other Revenue $11,108

TOTAL REVENUE $702,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,735

Fundraising Expenses $5,000

Program Expenses $583,956

Other Expenses $363,775

TOTAL EXPENSES $849,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,300	$615,764	+0.1%
Expenses	$849,510	$722,169	+0.2%
Net Income	$-147,210	$-106,405	+0.4%

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

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

$102,985

Total Directors

$102,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREL NEAR	Executive Dir.	40.00	Officer Director	$102,985	$0	$102,985
RACHEL YOUNG	Director	2.00	Director	$0	$0	$0
JUDITH WATERMAN	Treasurer	2.00	Officer Director	$0	$0	$0
CAROL PARK	Secretary	2.00	Officer Director	$0	$0	$0
ZOEY FERNANDEZ	President	2.00	Officer Director	$0	$0	$0
AUDREY GRAMKE	Director	2.00	Director	$0	$0	$0
ALISON de GRASSI	Director	2.00	Director	$0	$0	$0
JACIARA BAYER	Director	2.00	Director	$0	$0	$0
MICHELLE SIDES-REICHARDT	Director	2.00	Director	$0	$0	$0
KEITH SUGAWARA	Vice President	2.00	Officer Director	$0	$0	$0
MICHAELYN WIPF	Director	2.00	Director	$0	$0	$0
JACKELINE GONZALEZ de OROZCO	Director	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	No data	No data	No data	No data
2023	$702,300	$849,510	$5,102,447	$-147,210
2022	$615,764	$722,169	$5,255,952	$-106,405
2021	$599,046	$647,552	$5,322,146	$-48,506
2020	$542,519	$642,135	$5,361,008	$-99,616
2019	$662,250	$818,824	$5,449,528	$-156,574
2018	$626,795	$736,798	$5,603,423	$-110,003

NEAR & ARNOLDS SCHOOL OF PERFORMING ARTS AND CULTURAL EDUCATION