Arizona Academy of the Performing Arts Inc (EIN 860998307) - 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

2000

Legal Domicile

Principal Officer

MARK RICHARDSON

Phone

4808384203

Tax Period

2023-10-01 to 2024-09-30

Arizona Academy of the Performing Arts Inc, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

Music Education and Performance

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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 $303,784

Program Service Revenue $992,597

Investment Income $35,384

Other Revenue $116,786

TOTAL REVENUE $1,448,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,446

Fundraising Expenses $3,714

Program Expenses $1,356,456

Other Expenses $1,397,780

TOTAL EXPENSES $1,618,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,448,551	$1,348,062	+0.1%
Expenses	$1,618,226	$1,436,687	+0.1%
Net Income	$-169,675	$-88,625	+0.9%

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

100

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH FRAZIER	President	N/A	Officer Director	$0	$0	$0
LAUREN RIPLEY	Vice President	N/A	Officer Director	$0	$0	$0
KENT WHITE	Treasurer	N/A	Officer Director	$0	$0	$0
ROBERT KUSKE JR MD	Director	N/A	Director	$0	$0	$0
MIKE RIPLEY	Director	N/A	Director	$0	$0	$0
MARK RICHARDSON	Executive Diretor	N/A	Key Emp	$0	$0	$0
MICHAEL THOMPSON	Director	N/A	Director	$0	$0	$0
DWIGHT FARRIS	Secretary	2.000	Officer Director	$0	$0	$0
VALERIE RICHARDS	Director	N/A	Director	$0	$0	$0
KEN VARGA	Director	N/A	Director	$0	$0	$0
JALISSA PIER	Director	N/A	Director	$0	$0	$0
BRANDON WILSON	Director	2.000	Director	$0	$0	$0
CYNTHIA CROWE	Director	2.000	Director	$0	$0	$0
IAN TEMPLIN	Director	2.000	Director	$0	$0	$0
MATT CHAMBERLIN	Director	2.000	Director	$0	$0	$0
ALEX LOZADA	Director	2.000	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	No data	No data	No data	No data
2024	$1,448,551	$1,618,226	$999,220	$-169,675
2023	$1,348,062	$1,436,687	$1,189,981	$-88,625
2022	$1,575,057	$1,485,250	$1,249,723	$89,807
2021	$1,361,743	$726,618	$1,100,076	$635,125
2020	$388,759	$415,447	$467,287	$-26,688
2019	$1,217,167	$1,223,747	$293,272	$-6,580
2018	$1,077,990	$1,144,181	$303,129	$-66,191

Arizona Academy of the Performing Arts Inc