AppleSeeds Performing Arts Academy (EIN 834322679) - 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

2019

Legal Domicile

Principal Officer

OTIS KEMP

Tax Period

2023-01-01 to 2023-12-31

AppleSeeds Performing Arts Academy, founded in 2019, is a small nonprofit in the Education sector that reported $491K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $224K, a strong 46% operating margin.

Mission

TO PROVIDE A RIGOROUS ACADEMIC CURRICULUM COMPREHENSIVE EDUCATIONAL PROGRAM ALIGNED WITH STATE STANDARDS. WE ALSO PROMOTE OPPORTUNITIES FOR EXTRACURRICULAR ACTIVITIES THAT PROMOTE COMMUNITY SERVICES BTHAT COMPLIMENT AND ENRICH EDUCATIONAL EXPERIENCE.

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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 $247,014

Program Service Revenue $244,294

Investment Income $0

Other Revenue $0

TOTAL REVENUE $491,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,570

Fundraising Expenses $0

Program Expenses $224,294

Other Expenses $120,444

TOTAL EXPENSES $267,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,308	$1,130,892	-0.6%
Expenses	$267,014	N/A	N/A
Net Income	$224,294	$1,130,892	-0.8%

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

N/A

Employees

N/A

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

$132,000

Total Directors

Key Employees

$56,000

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
OTIS KEMP	PRESIDENT	Officer	$72,000	$0	$72,000
SONJI KEMP	OFFICE MANAGER	Officer	$60,000	$0	$60,000
TIFFANY JACKSAINT	OFFICE MANAGER	Key Emp	$56,000	$0	$56,000

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	$491,308	$267,014	$224,294	$224,294
2020	$475,000	No data	$477,287	No data
2019	$156,230	$153,943	$14,585	$2,287

AppleSeeds Performing Arts Academy