TARA INSTITUTE OF THE PERFORMING A… - Form 990 Financial Data

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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.

Program Service Accomplishments

Program 1

Expenses: $131,100 Revenue: $8,391

TARA CONTINUES TO SUCCESSFULLY OPERATE THE NOMAD PLAYHOUSE PURCHASE MARCH 20, 2015. THIS ALLOWS THE SCHOOL TO HAVE A HOME VENUE FOR ITS NUMEROUS PRODUCTIONS, WHICH ARE CENTROL IT ITS CURRICULUM. THE NOMAD ALSO RENTS ITS PLAYHOUSE TO LOCAL TROUPES AND TOURING ARTISTS OF VARIOUS GENRES, FILM SCREENINGS, CONCERTS, LECTURES, AND OTHER INSPIRING EVENTS THAT ALIGHT WITH TARAS MISSION.

Program 2

Expenses: $1,877,627 Revenue: $1,618,527

TARA HAS AN AVERAGE TOTAL ENROLLMENT OF 42 STUDENTS IN GRADES NINE THROUGH TWELVE. DURING EACH FULL YEAR OF ENROLLMENT, EACH STUDENT PARTICIPATES IN SEVERAL PERFORMING ARTS PRODUCTIONS, SIGNIFICANT TRAVEL EXPERIENCES, AND A RICH ARRAY OF ACADEMIC CLASSES. OVER THE COURSE OF THE FULL FOUR-YEAR PROGRAM, STUDENTS WORK WITH EXPERTS IN DANCE, CHORAL SINGING, DRAMA, MUSICAL THEATRE, SET DESIGN, STAGE LIGHTING, AND STAGE SOUND TO CREATE FOUR PLAYS, FOUR MUSICALS, AND EIGHT COMMUNITY FESTIVAL EVENTS. SIMILARLY, DURING THEIR FOUR-YEAR TARA EXPERIENCE, STUDENTS PARTICIPATE IN TWO CULTURAL AND ART IMMERSION TRIPS TO NYC, ONE SERVICE TREIP TO LEARN AND WORK WITH NATIVE AMERICAN COMMUNITIES, ONE GEOLOGY RAFTING EXCURSION, AND A MONTH LONG CULTURAL IMMERSION IN SPECIFIC REGIONS IN EUROPE. IN ADDITION, DURING THEIR FOUR YEARS AT TARA, STUDENTS PARTICIPATE IN A NUMBER OF IN-THE-FIELD EXPERIENCIAL OPPORTUNITIES AND WEEK-LONG OFF SITE IMMERSION LEARNING RETREATS ASSOCIATED WITH THEIR ACADEMIC CLASSES. THESE PROGRAM SERVICES REPRESENT THE BLUK OF Continued on Schedule O Statement 2

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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