ARIZONA SCHOOL FOR THE ARTS (EIN 860792809) - 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

1995

Legal Domicile

Principal Officer

LEAH FREGULIA

Phone

6022571444

Tax Period

2024-07-01 to 2025-06-30

ARIZONA SCHOOL FOR THE ARTS, founded in 1995, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

ARIZONA SCHOOL FOR THE ARTS INSPIRES CREATIVE THINKERS AND LEADERS THROUGH PROVIDING AN INNOVATIVE CONCENTRATION IN COLLEGE PREPARATION INFORMED BY THE PERFORMING ARTS.

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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 $1,057,916

Program Service Revenue $7,907,480

Investment Income $78,649

Other Revenue $32,229

TOTAL REVENUE $9,076,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,017,634

Fundraising Expenses $262,080

Program Expenses $6,161,530

Other Expenses $2,949,792

TOTAL EXPENSES $8,967,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,076,274	$10,066,466	-0.1%
Expenses	$8,967,426	$9,386,701	0.0%
Net Income	$108,848	$679,765	-0.8%

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

113

Volunteers

121

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

$176,672

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH FREGULIA	CEO/HEAD OF	40.00	Officer	$149,141	$27,531	$176,672
LEOLA ABRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BUCKLEY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREI CHERNY	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
BETTY HUM	SECRETARY/TR	6.00	Officer Director	$0	$0	$0
DR HEIDI JANNENGA	PRESIDENT	10.00	Officer Director	$0	$0	$0
CARRIE LARSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MEDICI	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON OUT	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
DR LORISA POMBO	DIRECTOR	2.00	Director	$0	$0	$0
NONNIE SHIVERS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SNIDER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT S STONE	DIRECTOR	2.00	Director	$0	$0	$0
ANNETTE ZINKY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LUJAN	CURRENT CEO	2.00	Officer	$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	$9,076,274	$8,967,426	$18,333,821	$108,848
2024	$10,066,466	$9,386,701	$18,826,783	$679,765
2023	$10,005,194	$9,456,176	$18,131,038	$549,018
2022	$9,971,200	$9,258,108	$17,957,065	$713,092
2021	$9,330,828	$8,848,573	$17,803,570	$482,255
2020	$9,082,924	$8,596,394	$17,621,824	$486,530
2019	$8,785,336	$8,785,600	$18,437,897	$-264
2018	$8,446,689	$8,523,955	$18,901,434	$-77,266

ARIZONA SCHOOL FOR THE ARTS