Harding Fine Arts Academy Foundation (EIN 834575379) - 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

Randy Compton

Phone

4056020793

Tax Period

2022-07-01 to 2023-06-30

Harding Fine Arts Academy Foundation, founded in 2019, is a small nonprofit that reported $335K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $514K exceeded revenue, resulting in a 53% operating deficit.

Mission

The purpose of the Foundation is to raise funds and support the activities and programs of the Harding Fine Arts Academy by receiving, investing, managing and expending non-state-appropriated funds and properties.

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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 $245,784

Program Service Revenue $0

Investment Income $0

Other Revenue $89,643

TOTAL REVENUE $335,427

Expense Breakdown

Grants Paid $34,742

Salaries & Benefits $72,769

Fundraising Expenses $108,214

Program Expenses $368,189

Other Expenses $406,937

TOTAL EXPENSES $514,448

Year-over-Year Comparison

	2022	2021	Change
Revenue	$335,427	$913,093	-0.6%
Expenses	$514,448	$295,469	+0.7%
Net Income	$-179,021	$617,624	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rod Baker	Director	1.00	Director	$0	$0	$0
Douglas Eason	Director	1.00	Director	$0	$0	$0
Ken Fergeson	Director	1.00	Director	$0	$0	$0
Robert Spinks	Director	1.00	Director	$0	$0	$0
Laurie Stansbury	Director	1.00	Director	$0	$0	$0
Jane Sutter	Director	1.00	Director	$0	$0	$0
Mike Mize	Director	1.00	Director	$0	$0	$0
Joy Reed Belt	President	1.00	Officer	$0	$0	$0
Sally Bentley	Vice President	1.00	Officer	$0	$0	$0
Megan Hornbeek Allen	Secretary	1.00	Officer	$0	$0	$0
V Randall Compton	Treasurer	1.00	Officer	$0	$0	$0
Shannon Mckenrick	N/A	20.00		$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	$335,427	$514,448	$1,348,677	$-179,021
2022	$913,093	$295,469	$1,422,390	$617,624
2021	$343,789	$259,574	$827,714	$84,215
2020	$841,992	$141,279	$700,713	$700,713

Harding Fine Arts Academy Foundation