Wilmington School of the Arts (EIN 822712458) - 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

2017

Legal Domicile

Principal Officer

Dustin Richardson

Phone

9103993712

Tax Period

2024-07-01 to 2025-06-30

Wilmington School of the Arts, founded in 2017, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 7% surplus.

Mission

Wilmington School of the Arts is a tuition-free, public charter school located in New Hanover County, North Carolina. Its mission is to inspire students to pursue excellence in academics and the arts by awakening and nuturing the creative spirit within each and every child.

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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 $126,193

Program Service Revenue $3,559,875

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,686,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,503,648

Fundraising Expenses $0

Program Expenses $3,037,784

Other Expenses $908,410

TOTAL EXPENSES $3,412,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,686,068	$2,839,210	+0.3%
Expenses	$3,412,058	$2,634,568	+0.3%
Net Income	$274,010	$204,642	+0.3%

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

$84,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Al O'Briant	Executive Dir.	40.00	Officer	$84,583	$0	$84,583
Dustin Richardson	Chair	10.00	Officer Director	$0	$0	$0
Lyana Hunter	Vice Chair	10.00	Officer Director	$0	$0	$0
Katie Fox	Treasurer	10.00	Officer Director	$0	$0	$0
Sarah Dawson	Secretary	10.00	Officer Director	$0	$0	$0
Lauren Wetzell	Director	5.00	Director	$0	$0	$0
Holly Royals	Director	5.00	Director	$0	$0	$0
Gene Felice II	Director	5.00	Director	$0	$0	$0
Tori Pace	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
2025	$3,686,068	$3,412,058	$977,869	$274,010
2024	$2,839,210	$2,634,568	$536,160	$204,642
2023	$2,470,972	$2,447,102	$406,432	$23,870
2022	$2,392,648	$2,136,581	$311,397	$256,067
2021	$1,510,132	$1,472,080	$62,005	$38,052

Wilmington School of the Arts