ESTHER SIMPLOT PERFORMING ARTS ACADEMY (EIN 820446623) - 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

1991

Legal Domicile

Principal Officer

A J BALUKOFF

Phone

2083362110

Tax Period

2022-07-01 to 2023-06-30

ESTHER SIMPLOT PERFORMING ARTS ACADEMY, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $488K in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $655K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ESTHER SIMPLOT PEFORMING ARTS ACADEMY SHALL FOSTER THE DEVELOPMENT OF THE PERFORMING ARTS BY PROVIDING AN ARTISTIC FACILITY FOR TEACHING AND PERFORMING THE ARTS FOR THE FOLLOWING ORGANIZATIONS: THE BOISE PHILHARMONIC ASSOCIATION, INC; BALLET IDAHO, INC; OPERA IDAHO, INC.

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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 $421,621

Program Service Revenue $0

Investment Income $141,351

Other Revenue $-74,975

TOTAL REVENUE $487,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $382,139

Other Expenses $654,976

TOTAL EXPENSES $654,976

Year-over-Year Comparison

	2022	2021	Change
Revenue	$487,997	$1,176,536	-0.6%
Expenses	$654,976	$906,118	-0.3%
Net Income	$-166,979	$270,418	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE G ELG	PRESIDENT	10.00	Officer Director	$0	$0	$0
RONALD N GRAVES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STANLEY FORNANDER	SECRETARY	5.00	Officer Director	$0	$0	$0
A J BALUKOFF	TREASURER	5.00	Officer Director	$0	$0	$0
BILL DRAKE	DIRECTOR	5.00	Director	$0	$0	$0
VIC CONRAD	DIRECTOR	5.00	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
2023	$487,997	$654,976	$19,391,083	$-166,979
2022	$1,176,536	$906,118	$18,794,531	$270,418
2021	$1,465,849	$517,678	$20,907,444	$948,171

ESTHER SIMPLOT PERFORMING ARTS ACADEMY