TULSA SCHOOL OF ARTS AND SCIENCES

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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

2001

Legal Domicile

Phone

9188287727

Tax Period

2024-07-01 to 2025-06-30

TULSA SCHOOL OF ARTS AND SCIENCES, founded in 2001, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Expenses of $4.9M left a modest 5% surplus.

Mission

Program Service Accomplishments

Program 1

Expenses: $3,918,871 Revenue: $4,881,029

THE MISSION OF TSAS MIDDLE AND HIGH SCHOOL IS TO PROVIDE STUDENTS A MULTI-STRAND LIBERAL ARTS EDUCATION IN A SAFE, SUPPORTIVE, INDIVIDUALIZED AND CHALLENGING SCHOOL ENVIRONMENT THROUGH A COLLEGE...

THE MISSION OF TSAS MIDDLE AND HIGH SCHOOL IS TO PROVIDE STUDENTS A MULTI-STRAND LIBERAL ARTS EDUCATION IN A SAFE, SUPPORTIVE, INDIVIDUALIZED AND CHALLENGING SCHOOL ENVIRONMENT THROUGH A COLLEGE PREPARATORY CURRICULUM. AS A NON-PROFIT, INDEPENDENT PUBLIC CHARTER SCHOOL, TSAS STANDS APART AS AN INCUBATOR FOR INNOVATIVE TEACHING AND LEARNING. OUR ALUMNI HAVE GONE ON TO BECOME CIVIC ENTREPRENEURIAL, AND ARTISTIC LEADERS IN TULSA AND ACROSS THE COUNTRY. TSAS SEEKS TO MIRROR THE ECONOMIC AND RACIAL COMPOSITION OF THE CITY WE SERVE WITH OUR DIVERSE BY DESIGN APPROACH. TSAS HAS A RECORD OF PROVIDING A HIGH QUALITY EDUCATION IN A NURTURING ENVIRONMENT. THROUGH ITS LONG-STANDING LIBERAL ARTS EDUCATIONAL PHILOSOPHY, TSAS OFFERS PERSONALIZED LEARNING OPPORTUNITIES FOR EVERY UNIQUE STUDENT. WE BELIEVE WE OCCUPY A SPECIAL PLACE IN THE TULSA AREA EDUCATIONAL LANDSCAPE, AND WE ARE UNIQUELY POSITIONED TO SERVE OUR COMMUNITYS NEEDS.

Program 2

Expenses: $132,916 Revenue: $144,554

TSAS HIGH SCHOOL SERVES GRADES 9-12. OF OUR TOTAL STUDENT BODY, 21% HAS SPECIAL EDUCATION NEEDS AND 13% HAS GIFTED AND TALENTED NEEDS. OUR STUDENT BODY IS 45% ECONOMICALLY DISADVANTAGED.

Program 3

Expenses: $110,802 Revenue: $120,504

TSAS MIDDLE SCHOOL SERVES GRADES 6-8. OF OUR TOTAL STUDENT BODY, 21% HAS SPECIAL EDUCATION NEEDS AND 13% HAS GIFTED AND TALENTED NEEDS. OUR STUDENT BODY IS 45% ECONOMICALLY DISADVANTAGED.

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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 $5,027,699

Program Service Revenue $90,823

Investment Income $4,160

Other Revenue $23,405

TOTAL REVENUE $5,146,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,741,286

Fundraising Expenses $0

Program Expenses $4,162,589

Other Expenses $1,149,118

TOTAL EXPENSES $4,890,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,146,087	$5,196,738	0.0%
Expenses	$4,890,404	$5,049,577	0.0%
Net Income	$255,683	$147,161	+0.7%

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

Total Directors

Key Employees

$110,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIESA SMITH	EXECUTIVE DIRECTOR	40.00	Key Emp	$110,000	$0	$110,000
WEBSTER WORTHAM	MEMBER	2.00	Director	$0	$0	$0
ANGELA HUDSON	SECRETARY	2.00	Officer Director	$0	$0	$0
CRICKET MOORE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
EMILY MORTIMER	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM POWELL	MEMBER	2.00	Director	$0	$0	$0
AUNJ BRAGGS	MEMBER	2.00	Director	$0	$0	$0
MICKEY PEERCY	MEMBER	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
2025	$5,146,087	$4,890,404	$1,422,662	$255,683
2024	$5,196,738	$5,049,577	$1,156,600	$147,161
2023	$4,872,327	$4,562,506	$962,760	$309,821
2022	$3,948,216	$4,438,622	$681,049	$-490,406
2021	$4,041,020	$3,582,974	$1,018,864	$458,046
2020	$3,373,511	$3,446,292	$1,147,387	$-72,781
2019	$3,077,532	$3,153,496	$699,585	$-75,964
2018	$2,752,788	$2,676,514	$681,702	$76,274