Scholarship Audition Performance Preparatory Acade

EIN: 932975906 501(c)(3) Arts, Culture & Humanities

Pasadena, CA

Total Revenue
$134,473
Total Expenses
$130,929
Total Assets
$33,680
Net Assets
$32,280
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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
2023
Legal Domicile
CA
Principal Officer
William Mitchell
Phone
6267938706
Tax Period
2025-01-01 to 2025-12-31

Scholarship Audition Performance Preparatory Acade, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $134K in total revenue in fiscal year 2025.

Mission

Providing Training and Support to young Artist to achieve professionalism

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $134,473
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $134,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,929
Other Expenses $130,929
TOTAL EXPENSES $130,929

Year-over-Year Comparison

2025 2024 Change
Revenue $134,473 $136,324 0.0%
Expenses $130,929 $132,046 0.0%
Net Income $3,544 $4,278 -0.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Mitchell Chief Executive Officer 40.00
Officer
$0 $0 $0
David Spiro Chief Financial Officer 16.00
Officer
$0 $0 $0
Judith Sydner-Gordon Secretary 16.00
Officer
$0 $0 $0
Randy Bellous Treasurer 16.00
Officer
$0 $0 $0
Nancy Lucero Board Member 8.00
Officer
$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 $134,473 $130,929 $33,680 $3,544
2024 $136,324 $132,046 $28,736 $4,278
2023 $117,044 $92,685 $24,459 $24,359
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