TARA INSTITUTE OF THE PERFORMING ARTS (EIN 841274823) - 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

1994

Legal Domicile

Principal Officer

RYAN SCHUTZ

Phone

3034404510

Tax Period

2023-08-01 to 2024-07-31

TARA INSTITUTE OF THE PERFORMING ARTS, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. Expenses of $2.4M left a modest 4% surplus.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROVIDE A RIGOROUS ACADEMIC HIGH SCHOOL EDUCATION WITH AN EMPHASIS ON THE PERFORMING ARTS, TRAVEL AND EXPERIENTIAL LEARNING.

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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 $764,056

Program Service Revenue $1,626,918

Investment Income $11,788

Other Revenue $60,380

TOTAL REVENUE $2,463,142

Expense Breakdown

Grants Paid $461,957

Salaries & Benefits $1,029,127

Fundraising Expenses $73,660

Program Expenses $2,008,727

Other Expenses $875,026

TOTAL EXPENSES $2,366,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,463,142	$2,459,472	+0.0%
Expenses	$2,366,110	$2,616,572	-0.1%
Net Income	$97,032	$-157,100	-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

$72,659

Total Directors

$186,379

Key Employees

$61,670

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN SCHULTZ	BUSINESS MANAGER	030.00	Officer Highest	$72,659	$0	$72,659
ELIZABETH BARRICKLOW	TRUSTEE	001.00	Director	$67,800	$0	$67,800
CATHERINE BARRICKLOW	TRUSTEE	001.00	Director Key Emp	$61,670	$0	$61,670
GREER GALLOWAY	ADMIN MANAGER	040.00	Director	$56,909	$0	$56,909
MICHELE GARBER	CHAIR	001.00	Director	$0	$0	$0
NICK KEMP	TREASURER	001.00	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
2024	$2,463,142	$2,366,110	$2,101,123	$97,032
2023	$2,027,020	$2,234,315	$2,472,165	$-207,295
2023	$2,458,028	$2,616,572	$2,162,406	$-158,544
2022	$2,285,954	$2,318,831	$2,645,793	$-32,877
2021	$2,020,459	$2,042,611	$2,762,734	$-22,152
2020	$1,735,435	$1,819,378	$2,736,603	$-83,943
2019	$1,842,430	$1,907,783	$2,351,683	$-65,353
2018	$1,591,999	$1,877,308	$2,406,613	$-285,309

TARA INSTITUTE OF THE PERFORMING ARTS