COMMUNITY SCHOOL OF THE ARTS

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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

Principal Officer

JEANNIE COLE

Phone

4794342880

Tax Period

2022-07-01 to 2023-06-30

COMMUNITY SCHOOL OF THE ARTS, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.0M, a strong 80% operating margin.

Mission

TO BROADEN AND ENRICH THE LIVES OF THE YOUNGER PEOPLE IN OUR COMMUNITY THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $596,487

THE ORGANIZATION IS DESIGNED TO PROVIDE AFTER-SCHOOL ARTS ACTIVITIES FOR CHILDREN AND YOUTH OF ALL AGES AND LEVELS IN MUSIC, THEATRE, DANCE AND ART.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,299,600

Program Service Revenue $453,220

Investment Income $0

Other Revenue $29,008

TOTAL REVENUE $3,781,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,874

Fundraising Expenses $82,500

Program Expenses $596,487

Other Expenses $360,444

TOTAL EXPENSES $771,318

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,781,828	$3,392,512	+0.1%
Expenses	$771,318	$545,256	+0.4%
Net Income	$3,010,510	$2,847,256	+0.1%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SHIPLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEANNIE COLE	CHAIR	10.00	Officer Director	$0	$0	$0
PEGGY WALTER	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDSAY CONLEY	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN FARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY GLIDEWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY MCFARLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN CLEGG	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA UDOUJ	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ROSILEE RUSSELL	EXECUTIVE DIRECTOR	45.00	Director	$0	$0	$0
LINDA SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR PHILLIP RUSSELL	DIRECTOR OF DEVELOPMENT	35.00	Director	$0	$0	$0
KAREN SLAGLE	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$3,781,828	$771,318	$17,489,842	$3,010,510
2022	$3,392,512	$545,256	$4,304,427	$2,847,256
2021	$1,389,504	$377,350	$2,956,456	$1,012,154
2020	$661,173	$445,455	$1,982,116	$215,718
2019	$457,909	$339,665	$1,732,498	$118,244