REAL Academy of Art Colorado (EIN 842265005) - 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

2014

Legal Domicile

Principal Officer

John Sandoval

Phone

7208139845

Tax Period

2024-07-01 to 2025-06-30

REAL Academy of Art Colorado, founded in 2014, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

At The REAL Academy of Art Colorado (RAAC), our education is supported by three primary sources: tuition, special workshops, and annual fund contributions from our community. These funds are essential in ensuring that we can continue to offer a high-quality, enriching educational experience for our students.

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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 (2024)

Revenue Breakdown

Contributions & Grants $800

Program Service Revenue $174,927

Investment Income $195

Other Revenue $0

TOTAL REVENUE $175,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,405

Fundraising Expenses $675

Program Expenses $153,922

Other Expenses $122,077

TOTAL EXPENSES $185,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,922	$201,892	-0.1%
Expenses	$185,482	$192,781	0.0%
Net Income	$-9,560	$9,111	-2.0%

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

$43,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ali Alzoabade	Trustee	5.00	Director	$43,245	$0	$43,245
Mark Borden	Trustee	1.00	Director	$0	$0	$0
Jessica Calderon	Treasurer	15.00	Director	$0	$0	$0
AnaGloria Rodriguez	President	40.00	Director	$0	$0	$0
John Sandoval	Secretary	3.00	Director	$0	$0	$0
Joe McGrail	Trustee	2.00	Director	$0	$0	$0
Danid Karim	Trustee	2.00	Director	$0	$0	$0
Barbara Lunger	Trustee	6.00	Director	$0	$0	$0
Charles Kindred	Trustee	1.00	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
2025	$175,922	$185,482	$74,301	$-9,560
2024	$201,892	$192,781	$72,328	$9,111

REAL Academy of Art Colorado