REDDING SCHOOL OF THE ARTS INC (EIN 753088185) - 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

2005

Legal Domicile

Principal Officer

LANE CARLSON

Phone

5302476933

Tax Period

2024-07-01 to 2025-06-30

REDDING SCHOOL OF THE ARTS INC, founded in 2005, is a community nonprofit in the Education sector that reported $9.6M in total revenue in fiscal year 2024. Expenses of $9.2M left a modest 4% surplus.

Mission

TO EDUCATE K-12 STUDENTS WHO HAVE AN INTEREST IN VISUAL AND PERFORMING ARTS.

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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 $9,493,126

Program Service Revenue $0

Investment Income $120,161

Other Revenue $0

TOTAL REVENUE $9,613,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,335,429

Fundraising Expenses $0

Program Expenses $8,310,882

Other Expenses $1,898,650

TOTAL EXPENSES $9,234,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,613,287	$9,559,644	+0.0%
Expenses	$9,234,079	$8,789,767	+0.1%
Net Income	$379,208	$769,877	-0.5%

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

134

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

$276,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN HATCH	FOUNDING MEM	2.00	Officer Director	$0	$0	$0
JONATHAN SHELDON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTONIO COTA	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHARON HOFFMAN-SPECTOR	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID SKINNER	SECRETARY	2.00	Officer Director	$0	$0	$0
SHEBA SAWYER	PARENT REP	2.00	Director	$0	$0	$0
DARIA O'BRIEN	MEMBER	2.00	Director	$0	$0	$0
LANE CARLSON	EXECUTIVE DI	40.00	Officer	$115,019	$40,330	$155,349
CAROL WAHL	PRINCIPAL	40.00	Officer	$88,095	$32,574	$120,669

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	$9,613,287	$9,234,079	$6,329,624	$379,208
2024	$9,559,644	$8,789,767	$5,899,881	$769,877
2023	$9,203,957	$7,608,988	$5,177,015	$1,594,969
2022	$7,432,140	$7,379,078	$3,584,949	$53,062
2021	$7,238,285	$6,717,304	$4,030,085	$520,981
2020	$7,495,226	$7,132,811	$2,903,970	$362,415
2019	$7,676,468	$7,061,357	$2,071,847	$615,111
2018	$6,691,017	$6,227,274	$1,353,093	$463,743

REDDING SCHOOL OF THE ARTS INC