RENAISSANCE ARTS ACADEMY

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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

2002

Legal Domicile

Principal Officer

PK CANDAUX

Phone

3232595700

Tax Period

2024-07-01 to 2025-06-30

RENAISSANCE ARTS ACADEMY, founded in 2002, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2024. Expenses of $8.6M left a modest 13% surplus.

Mission

TK-12 CHARTER PUBLIC SCHOOL FOCUSED ON EDUCATIONAL EQUITY AND SUCCESS FOR ALL STUDENTS WITH A PRIORITY ON TRADIONALLY UNDERSERVED POPULATIONS.

Program Service Accomplishments

Program 1

Expenses: $7,294,881

RENAISSANCE ARTS ACADEMY OPERATES A PUBLIC CHARTER SCHOOL THAT PROVIDES EDUCATIONAL ACTIVITIES TO STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH TWELVE. THE VISION IS FOR ALL RENARTS STUDENTS WILL GRADUATE FROM HIGH SCHOOL WITH VIABLE POST-SECONDARY OPPORTUNITIES TO SUCCEED IN COLLEGE, CAREER AND COMMUNITY. GRADUATES WILL SYNTHESIZE INTELLECTUAL CURIOSITY, ACADEMIC DISCERNMENT, AND ARTISTIC DISCIPLINE AS THEY ENGAGE WITH THE WORLD, CONTRIBUTING BOTH INDIVIDUALLY AND COLLABORATIVELY TO AN INCLUSIVE AND HOPEFUL FUTURE FOR ALL.

Program 2

Expenses: $446,195

THE SCHOOL OPERATES A CONSERVATORY PROGRAM IN WHICH THE STUDENTS OF THE SCHOOL RECEIVE TEN HOURS OF IN-SCHOOL AND TEN HOURS OF AFTER SCHOOL, TUITION-FREE PERFORMING ARTS INSTRUCTION EVERY WEEK. THE...

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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 $9,395,517

Program Service Revenue $0

Investment Income $475,589

Other Revenue $50,000

TOTAL REVENUE $9,921,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,720,877

Fundraising Expenses $2,136

Program Expenses $7,741,076

Other Expenses $2,881,473

TOTAL EXPENSES $8,602,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,921,106	$9,593,668	+0.0%
Expenses	$8,602,350	$8,171,875	+0.1%
Net Income	$1,318,756	$1,421,793	-0.1%

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

$482,802

Total Directors

Key Employees

$176,588

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTINE GONZALEZ	CHAIR	2.00	Officer Director	$0	$0	$0
JULIA GANIS	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEX FLORES ESQ	TRUSTEE	2.00	Director	$0	$0	$0
FRANK GONZALEZ	CO-CHAIR	2.00	Director	$0	$0	$0
SHARRON POLK	TRUSTEE	2.00	Director	$0	$0	$0
PK CANDAUX	EXECUTIVE DIRECTOR	60.00	Officer	$236,668	$4,733	$241,401
SIDNIE GALLEGOS	ACADEMIC DIRECTOR	60.00	Officer	$236,668	$4,733	$241,401
FABIO ALTENBACH	ACADEMIC ADVISOR	40.00	Key Emp	$173,125	$3,463	$176,588
PATRICK BARROW	ACADEMIC ADVISOR	40.00	Highest	$136,435	$2,729	$139,164
GERALD NICDAO	ACADEMIC ADVISOR	40.00	Highest	$144,023	$2,880	$146,903
ERIK SPETH	ACADEMIC ADVISOR	40.00	Highest	$113,658	$2,273	$115,931
LORETTA PENG	ACADEMIC ADVISOR	40.00	Highest	$135,698	$2,714	$138,412

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	$9,921,106	$8,602,350	$36,364,628	$1,318,756
2024	$9,593,668	$8,171,875	$36,191,569	$1,421,793
2023	$9,452,179	$7,556,488	$35,228,746	$1,895,691
2022	$8,204,378	$6,906,447	$12,148,785	$1,297,931
2021	$7,425,243	$6,354,139	$11,388,244	$1,071,104
2020	$6,625,349	$6,192,229	$25,975,073	$433,120
2019	$7,160,186	$6,261,431	$8,634,212	$898,755
2018	$6,569,408	$5,815,970	$7,604,677	$753,438