DISTRICT ARTS AND EDUCATION INC (EIN 823618329) - 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

2018

Legal Domicile

Principal Officer

AM BHATT CEO

Phone

2034018768

Tax Period

2023-01-01 to 2023-06-30

DISTRICT ARTS AND EDUCATION INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $656K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $763K exceeded revenue, resulting in a 16% operating deficit.

Mission

DAE OFFERS EXPOSURE TO DIGITAL TECHNOLOGIES AND CAREERS, AND CAREER READINESS PROGRAMMING FOR HIGH SCHOOL AGED STUDENTS. DAE OFFERS CAREER READINESS PROGRAMMING FOR ADULT LEARNERS THROUGH EITHER UP-SKILLING OR RE-SKILLING.

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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 $178,888

Program Service Revenue $477,427

Investment Income $0

Other Revenue $0

TOTAL REVENUE $656,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,149

Fundraising Expenses $0

Program Expenses $571,204

Other Expenses $311,377

TOTAL EXPENSES $762,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,315	$1,252,512	-0.5%
Expenses	$762,526	$2,284,701	-0.7%
Net Income	$-106,211	$-1,032,189	-0.9%

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

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
STUART SIDLE	INTERIM CHAIRMAN	0.25	Officer Director	$0	$0	$0
IAN AKEHURST	INTERIM SECRETARY	0.25	Officer Director	$0	$0	$0
ALPESH BHATT	CEO	40.00	Officer Director	$0	$0	$0
CLAIRE O'HARE	DIRECTOR	0.25	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$656,315	$762,526	$1,567,717	$-106,211
2022	$1,252,512	$2,284,701	$1,139,070	$-1,032,189
2021	$923,895	$1,942,650	$2,001,545	$-1,018,755
2020	$743,054	$1,310,762	$2,206,264	$-567,708
2019	$1,340,499	$1,419,871	$2,175,960	$-79,372
2018	$798,942	$601,449	$1,258,760	$197,493

DISTRICT ARTS AND EDUCATION INC