THE HONEYWELL ARTS ACADEMY INC (EIN 871572016) - 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

2021

Legal Domicile

Phone

2605631102

Tax Period

2023-10-01 to 2024-09-30

THE HONEYWELL ARTS ACADEMY INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $685K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $612K left a modest 11% surplus.

Mission

THE HONEYWELL ARTS ACADEMY VISION IS TO ENRICH THE OPPORTUNITY FOR MUSICAL ARTISTIC AMBASSADORS TO ADVANCE HUMAN CONNECTION.

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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 $672,065

Program Service Revenue $12,599

Investment Income $45

Other Revenue $0

TOTAL REVENUE $684,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,856

Fundraising Expenses $34,296

Program Expenses $494,665

Other Expenses $504,318

TOTAL EXPENSES $612,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$684,709	$571,345	+0.2%
Expenses	$612,174	$502,060	+0.2%
Net Income	$72,535	$69,285	+0.0%

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

$361,941

Total Directors

$361,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Haist	Chair	5.0	Officer Director	$0	$0	$0
Tod Minnich	President	6.0	Officer Director	$0	$51,194	$361,941
Carole Haas Gravagno	Director	2.0	Director	$0	$0	$0
Jeanne Mirro	Director	2.0	Director	$0	$0	$0
Larry Mattera	Director	2.0	Director	$0	$0	$0
Marsh Davis	Director	2.0	Director	$0	$0	$0
Parker Beauchamp	Director	2.0	Director	$0	$0	$0
Sally Krouse	Director	2.0	Director	$0	$0	$0
Shiv Sethi	Director	2.0	Director	$0	$0	$0
Stanford Thompson	Director	2.0	Director	$0	$0	$0
Steve Ford	Director	2.0	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
2024	$684,709	$612,174	$482	$72,535
2023	$571,345	$502,060	$649	$69,285
2022	$402,460	$433,627	No data	$-31,167
2022	$402,460	$433,627	No data	$-31,167

THE HONEYWELL ARTS ACADEMY INC