A Plus Arts Academy (EIN 753154765) - 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

2022

Legal Domicile

Principal Officer

Michael Ashmore

Phone

6144061375

Tax Period

2024-07-01 to 2025-06-30

A Plus Arts Academy, founded in 2022, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $4.5M left a modest 15% surplus.

Mission

The mission of A+ Arts Academy is to be a highly visible school known for producing responsible and accountable students who demonstrate a strong sense of self-worth leadership and moral values ultimately becoming exceptional citizens. A+ Arts Academy is known for its foundation in state standards that utilizes local national and global resources while incorporating the arts. Students of the A+ Arts Academy develop into well-rounded learners who are prepared to undertake the challenges in elementary through middle school and beyond.

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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 $5,269,523

Program Service Revenue $0

Investment Income $0

Other Revenue $9,038

TOTAL REVENUE $5,278,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,206

Fundraising Expenses $0

Program Expenses $3,038,999

Other Expenses $4,328,541

TOTAL EXPENSES $4,488,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,278,561	$7,829,236	-0.3%
Expenses	$4,488,747	$6,290,501	-0.3%
Net Income	$789,814	$1,538,735	-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

N/A

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

$3,125

Total Directors

$5,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Curry	President	2.00	Officer Director	$1,625	$0	$1,625
Reginald Edwards	Vice President	1.00	Officer Director	$1,500	$0	$1,500
Thomas Bates	Board Member	1.00	Director	$1,125	$0	$1,125
Melanie Cage-Woodward	Board Member	1.00	Director	$750	$0	$750
LaJoyce Daniel-Cain	Board Member	1.00	Director	$875	$0	$875

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	$5,278,561	$4,488,747	$7,455,492	$789,814
2024	$7,829,236	$6,290,501	$7,488,760	$1,538,735
2023	$7,194,127	$5,758,838	$5,571,906	$1,435,289

A Plus Arts Academy