ARTS ACADEMY OF EXCELLENCE INC

EIN: 811184075 501(c)(3)

Opa Locka, FL

Total Revenue
$561,560
Total Expenses
$533,083
Total Assets
$283,841
Net Assets
$105,467
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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
2016
Legal Domicile
FL
Principal Officer
Lyra Blizzard
Phone
7865344528
Tax Period
2020-07-01 to 2021-06-30

ARTS ACADEMY OF EXCELLENCE INC, founded in 2016, is a small nonprofit that reported $562K in total revenue in fiscal year 2020. Expenses of $533K left a modest 5% surplus.

Mission

Provide educational services to students in 6th to 9th grade.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $561,560
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $561,560

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $533,083
Other Expenses $533,083
TOTAL EXPENSES $533,083

Year-over-Year Comparison

2020 2019 Change
Revenue $561,560 $559,611 +0.0%
Expenses $533,083 $566,869 -0.1%
Net Income $28,477 $-7,258 -4.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
6
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lyra Blizzard Chairman 005.00
Director
$0 $0 $0
Kimberly Perkins Secretary 005.00
Director
$0 $0 $0
Laurence Brown Treasurer 005.00
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
2021 $561,560 $533,083 $283,841 $28,477
2020 $559,611 $566,869 $243,417 $-7,258
2019 $734,438 $650,863 $285,741 $83,575
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