WESTERN ACADEMY OF BEAUX ARTS (EIN 916018874) - 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

1909

Legal Domicile

Principal Officer

MIKHAIL GURTOVOY

Phone

2406722889

Tax Period

2024-01-01 to 2024-12-31

WESTERN ACADEMY OF BEAUX ARTS, founded in 1909, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 22% operating margin.

Mission

TO MANAGE, OPERATE, MAINTAIN AND IMPROVE THE FACILITIES OF THE WESTERN ACADEMY OF BEAUX ARTS ("THE CORPORATION") WHICH INCLUDE BEACH PROPERTY, BOAT DOCKS, SWIMMING DOCKS, TENNIS COURT AND ADJACENT ROADS, FOR THE BENEFIT AND ENJOYMENT OF THE MEMBERS OF THE CORPORATION.

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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 $249,967

Program Service Revenue $0

Investment Income $16,392

Other Revenue $0

TOTAL REVENUE $266,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,652

Fundraising Expenses $0

Program Expenses $191,948

Other Expenses $201,192

TOTAL EXPENSES $208,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,359	$180,998	+0.5%
Expenses	$208,844	$124,940	+0.7%
Net Income	$57,515	$56,058	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE OLIVER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSSELL HADLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JORDAN REYNOLDS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEPHANIE CHARAF	TRUSTEE	2.00	Director	$0	$0	$0
MIKHAIL GURTOVOY	TREASURER	2.00	Officer 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	$266,359	$208,844	$1,198,545	$57,515
2023	$180,998	$124,940	$633,289	$56,058
2022	$170,383	$103,729	$577,228	$66,654
2021	$167,011	$111,905	$510,542	$55,106
2020	$198,249	$186,444	$455,436	$11,805
2019	$146,257	$112,659	$443,631	$33,598
2018	$138,895	$123,628	$410,033	$15,267

WESTERN ACADEMY OF BEAUX ARTS