FLORETTA P CARSON VISUAL AND PERFO… - Form 990 Financial Data

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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

KRISTA WILLIAMS

Phone

2513732920

Tax Period

2023-10-01 to 2024-09-30

FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY, founded in 2022, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 3593% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 14% surplus.

Mission

TO EDUCATE A DIVERSE COMMUNITY OF STUDENTS THROUGH A RIGOROUS PRE-COLLEGE LEVEL CURRICULUM THAT PREPARES STUDENTS FOR POST-SECONDARY EDUCATION WITH AN EMPHASIS IN THE VISUAL AND PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,293,675

IN THE FALL OF 2024, THE SCHOOL BEGAN SERVING ITS STUDENTS. FPC PREPARES STUDENTS FOR CAREERS IN VISUAL AND PERFORMING ARTS AND POST SECONDARY EDUCATION BY PROVIDING ENGAGING, ACADEMICALLY RIGOROUS, AND RESPONSIVE LESSONS, AND CONTINUOUS OPPORTUNITIES FOR STUDENTS TO EXCELL BEYOND THEIR CURRENT IDEAS OF CREATIVITY.

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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 $1,504,263

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,504,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $911,988

Fundraising Expenses $0

Program Expenses $1,293,675

Other Expenses $381,687

TOTAL EXPENSES $1,293,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,504,263	$40,730	+35.9%
Expenses	$1,293,675	$23,811	+53.3%
Net Income	$210,588	$16,919	+11.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTA WILLIAMS	CEO	040.00	Officer Director Key Emp Highest	$0	$0	$0
JEREMIAH NEWELL	CFO	010.00	Officer Director Key Emp	$0	$0	$0
BENTERAH MORTON	BOARD CHAIR	001.00	Director	$0	$0	$0
DYAN RYANS	DIRECTOR	001.00	Director	$0	$0	$0
MATTHEW ANDERSON	DIRECTOR	001.00	Director	$0	$0	$0
DANIELLE DIALS	DIRECTOR	001.00	Director	$0	$0	$0
GLORIA HILL	DIRECTOR	001.00	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
2024	$1,504,263	$1,293,675	$1,261,842	$210,588

FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY