SALT LAKE SCHOOL OF THE PERFORMING ARTS (EIN 760817473) - 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

2006

Legal Domicile

Principal Officer

ANGELA PONTIOUS

Phone

8014666700

Tax Period

2023-07-01 to 2024-06-30

SALT LAKE SCHOOL OF THE PERFORMING ARTS, founded in 2006, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 43% operating deficit.

Mission

TO MANAGE, OPERATE AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.

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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 $2,407,821

Program Service Revenue $102,020

Investment Income $-6,578

Other Revenue $0

TOTAL REVENUE $2,503,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,617,753

Fundraising Expenses $0

Program Expenses $3,480,688

Other Expenses $1,971,864

TOTAL EXPENSES $3,589,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,503,263	$2,875,099	-0.1%
Expenses	$3,589,617	$2,944,899	+0.2%
Net Income	$-1,086,354	$-69,800	+14.6%

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

$107,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KEEFE	PRESIDENT & TREASURER	2.00	Officer Director	$0	$0	$0
KARI PLASTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTI SWETT	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA GILLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ILANA HARRUS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE RISELY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA PONTIOUS	EXECUTIVE DIRECTOR	40.00	Officer	$103,786	$4,027	$107,813

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	$2,503,263	$3,589,617	$86,123	$-1,086,354
2023	$2,875,099	$2,944,899	$1,443,825	$-69,800
2022	$2,304,766	$2,531,151	$1,229,511	$-226,385
2021	$2,916,664	$2,571,190	$1,278,381	$345,474
2020	$2,643,382	$2,659,688	$1,008,951	$-16,306
2019	$2,564,837	$2,531,573	$848,894	$33,264
2018	$2,479,720	$2,330,566	$912,863	$149,154

SALT LAKE SCHOOL OF THE PERFORMING ARTS