UPGRADE MEDIA ARTS SCHOOLS INC (EIN 853225572) - 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

2022

Legal Domicile

Principal Officer

DR TEQUILA KURTH PHD

Phone

8339222438

Tax Period

2022-07-01 to 2023-06-30

UPGRADE MEDIA ARTS SCHOOLS INC, founded in 2022, is a small nonprofit in the Education sector that reported $548K in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 23% operating margin.

Mission

CHARTER SCHOOL FOR GRADES 6-12 DESIGNED TO PREPARE STUDENTS TO EXCEL ACADEMICALLY, DEVELOP CRITICAL THINKING, LITERACY AND LEADERSHIP SKILLS, AND PRESENT ORIGINAL FILM, TELEVISION, RADIO, RECORDING ARTS AND PODCAST PROJECTS THROUGH A SOCIAL JUSTICE LENS.

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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 $547,945

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $547,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,201

Fundraising Expenses $0

Program Expenses $373,941

Other Expenses $151,265

TOTAL EXPENSES $420,466

Year-over-Year Comparison

	2022	2021	Change
Revenue	$547,945	$355,815	+0.5%
Expenses	$420,466	$498,221	-0.2%
Net Income	$127,479	$-142,406	-1.9%

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

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

$149,243

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMEELAH SHAREEF	BOARD CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE GOETSCH	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
TINA COX	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JOE PETRONE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL T SAVAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDY WYSOCKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TEQUILA KURTH PHD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$139,278	$9,965	$149,243

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	$547,945	$420,466	$20,822	$127,479
2022	$355,815	$498,221	$294,020	$-142,406

UPGRADE MEDIA ARTS SCHOOLS INC