METROPOLITAN ARTS INSTITUTE INC (EIN 860917789) - 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

1998

Legal Domicile

Principal Officer

JOHN PEROVICH

Phone

6022589500

Tax Period

2024-07-01 to 2025-06-30

METROPOLITAN ARTS INSTITUTE INC, founded in 1998, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 15% surplus.

Mission

THE METROPOLITAN ARTS INSTITUTE (METRO ARTS) WILL PREPARE STUDENTS FOR A CAREER IN THE ARTS AND INSTILL A LIFETIME VALUE FOR THE CREATIVE PROCESS BY FOCUSING ON INTERACTIVE PARTNERSHIPS WITH COMMUNITY ARTS ORGANIZATIONS AND PRACTICING PROFESSIONAL ARTISTS. METRO ARTS'S STUDENTS WILL BE ABLE TO SUCCESSFULLY PURSUE ENTRY INTO INSTITUTIONS OF HIGHER 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 (2024)

Revenue Breakdown

Contributions & Grants $3,160,118

Program Service Revenue $78,991

Investment Income $76,047

Other Revenue $7,810

TOTAL REVENUE $3,322,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,972,683

Fundraising Expenses $0

Program Expenses $2,658,560

Other Expenses $858,620

TOTAL EXPENSES $2,831,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,322,966	$3,286,034	+0.0%
Expenses	$2,831,303	$2,907,437	0.0%
Net Income	$491,663	$378,597	+0.3%

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

N/A

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

$199,471

Total Directors

$238,607

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PEROVICH	PRESIDENT	40.00	Director	$114,814	$28,051	$142,865
JENNY QUINN	ACADEMIC DIR	40.00	Officer	$97,553	$28,018	$125,571
NICOLE OLSON	DIRECTOR	40.00	Director	$77,049	$18,693	$95,742
NICHOLAS MCENTIRE	BUSINESS MAN	40.00	Officer	$59,472	$14,428	$73,900
CODY GOULDER	DIRECTOR	2.00	Director	$0	$0	$0
SHELBY MATICIC	DIRECTOR	2.00	Director	$0	$0	$0
JAMES ROBINS	DIRECTOR	2.00	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	$3,322,966	$2,831,303	$4,929,063	$491,663
2024	$3,286,034	$2,907,437	$4,331,100	$378,597
2023	$3,015,920	$2,589,938	$3,985,935	$425,982
2022	$2,768,436	$2,390,503	$3,709,172	$377,933
2021	$2,717,250	$2,293,886	$3,394,492	$423,364
2020	$2,383,396	$2,076,836	$3,074,414	$306,560
2019	$2,401,132	$2,129,910	$2,873,974	$271,222
2018	$2,249,986	$2,241,390	$2,794,010	$8,596

METROPOLITAN ARTS INSTITUTE INC