CULINARY ACADEMY OF LAS VEGAS (EIN 880298779) - 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

1993

Legal Domicile

Principal Officer

TERRY GREENWALD

Phone

7029242100

Tax Period

2023-01-01 to 2023-12-31

CULINARY ACADEMY OF LAS VEGAS, founded in 1993, is a mid-sized nonprofit in the Education sector that reported $15.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $13.1M left a modest 13% surplus.

Mission

PROVIDES TRAINING IN THE SKILLS REQUIRED FOR EMPLOYMENT IN CLASSIFICATIONS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT WITH A CULINARY UNION AND A BARTENDERS UNION.

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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 $2,355,740

Program Service Revenue $12,614,581

Investment Income $-2,060

Other Revenue $109,528

TOTAL REVENUE $15,077,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,662,925

Fundraising Expenses $115,924

Program Expenses $11,917,742

Other Expenses $5,474,418

TOTAL EXPENSES $13,137,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,077,789	$15,990,994	-0.1%
Expenses	$13,137,343	$12,982,450	+0.0%
Net Income	$1,940,446	$3,008,544	-0.4%

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

216

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

$1,147,641

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
TROY MITCHUM	CHAIRMAN/TRUSTEE	1.00	Officer Director	$0	$0	$0
THEODORE PAPPAGEORGE	TRUSTEE	1.00	Director	$0	$0	$0
JT THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
TERRY GREENWALD	SECRETARY/TRUSTEE	1.00	Officer Director	$0	$0	$0
DIANA VALLES	TRUSTEE	1.00	Director	$0	$0	$0
WENDY NUTT	TRUSTEE	1.00	Director	$0	$0	$0
FRANZ KALLAO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DERWINSKI	CORPORATE EXECUTIVE CHEF	40.00	Officer	$94,911	$14,765	$109,676
EDMUND WONG	CHIEF EXECUTIVE OFFICER	40.00	Officer	$227,272	$13,535	$240,807
KIMBERLY WILSON	EXEC DIRECTOR OF HR	40.00	Officer	$97,786	$14,765	$112,551
ANA PUJLIC	EXEC DIRECTOR OF INS DEVEL	40.00	Officer	$104,987	$14,765	$119,752
CHLOE GERSTEN	EXEC DIRECTOR OF STRATEGIC	40.00	Officer	$95,914	$14,765	$110,679
ERIC WOLFMAN	EXEC DIRECTOR OF FINANCE &	40.00	Officer	$125,296	$14,765	$140,061
SHANNA HACKEL	DEAN OF EDUCATION & LEARNI	40.00	Officer	$90,865	$14,765	$105,630
JENNIFER KABAT	EXEC DIRECTOR OF STUDENT S	40.00	Officer	$85,818	$14,765	$100,583
KARL KREBS	DIRECTOR OF CULINARY OPERA	40.00	Officer	$93,137	$14,765	$107,902

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	No data	No data	No data	No data
2023	$15,077,789	$13,137,343	$8,807,940	$1,940,446
2022	$15,990,994	$12,982,450	$7,178,233	$3,008,544
2021	$16,440,721	$18,796,922	$6,533,635	$-2,356,201
2021	$16,437,102	$18,734,620	$6,674,284	$-2,297,518
2020	$14,081,059	$16,912,996	$8,154,212	$-2,831,937
2019	$10,991,184	$10,331,526	$9,766,921	$659,658
2018	$10,600,321	$8,090,495	$9,794,945	$2,509,826

CULINARY ACADEMY OF LAS VEGAS