FINE ARTS INSTITUTE OF EDMOND (EIN 731250294) - 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

1985

Legal Domicile

Principal Officer

SHANNON PRICE

Phone

4053404481

Tax Period

2023-09-01 to 2024-08-31

FINE ARTS INSTITUTE OF EDMOND, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $698K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

FINE ARTS INSTITUTE OF EDMOND IS A NON-PROFIT EDUCATIONAL ARTS ORGANIZATION OFFERING VISUAL AND PERFORMING ARTS OPPORTUNITIES FOR CHILDREN AND ADULTS IN THE EDMOND AREA. THE INSTITUTE IS SUPPORTED PRIMARILY THROUGH CLASS TUITION, DONATIONS AND GRANTS.

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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 $143,417

Program Service Revenue $484,482

Investment Income $31,120

Other Revenue $39,340

TOTAL REVENUE $698,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,385

Fundraising Expenses $0

Program Expenses $547,123

Other Expenses $407,917

TOTAL EXPENSES $694,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$698,359	$796,245	-0.1%
Expenses	$694,302	$824,696	-0.2%
Net Income	$4,057	$-28,451	-1.1%

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

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

$97,413

Total Directors

$97,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH LONDON	PAST PRESID	10.00	Director	$0	$0	$0
SARAH BROWN	PRESIDENT	10.00	Officer Director	$0	$0	$0
ANDREA DURBIN	PRESIDENT-EL	10.00	Director	$0	$0	$0
TERESA MACLEOD	TREASURER	10.00	Officer Director	$0	$0	$0
LEWIS JONES	SECRETARY	10.00	Officer Director	$0	$0	$0
CHARL ADAIR	DIRECTOR	10.00	Director	$0	$0	$0
DAVID CHAPMAN	DIRECTOR	10.00	Director	$0	$0	$0
JAMIE UNDERWOOD	DIRECTOR	10.00	Director	$0	$0	$0
KIM WALLACE	DIRECTOR	10.00	Director	$0	$0	$0
TIM DEIMUND	DIRECTOR	10.00	Director	$0	$0	$0
WHITNEY RANDALL	DIRECTOR	10.00	Director	$0	$0	$0
OKSUN LEE	DIRECTOR	10.00	Director	$0	$0	$0
BRAD MCNEILL	DIRECTOR	10.00	Director	$0	$0	$0
JULIE OLIVER	DIRECTOR	10.00	Director	$0	$0	$0
REIAN WILLIAMS	DIRECTOR	10.00	Director	$0	$0	$0
CARA JERNIGAN	DIRECTOR	10.00	Director	$0	$0	$0
ACEY HOPPER	DIRECTOR	10.00	Director	$0	$0	$0
SHANNON PRICE	EXECUTIVE DI	40.00	Officer Director	$97,413	$0	$97,413

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	$698,359	$694,302	$1,294,906	$4,057
2023	$796,245	$824,696	$1,339,311	$-28,451
2022	$788,871	$767,332	$1,345,933	$21,539
2021	$823,111	$677,439	$1,288,944	$145,672
2020	$528,182	$612,523	$1,195,575	$-84,341
2019	$583,607	$607,194	$1,182,369	$-23,587
2018	$528,198	$554,290	$1,199,984	$-26,092

FINE ARTS INSTITUTE OF EDMOND