Frank Liu Jr Academy for Music & Arts

EIN: 933209044 501(c)(3) Education

Houston, TX

Total Revenue
$250,000
Total Expenses
$138,610
Total Assets
$301,556
Net Assets
$111,390
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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
TX
Principal Officer
Anthony Blanco
Phone
2024593125
Tax Period
2023-09-01 to 2024-08-31

Frank Liu Jr Academy for Music & Arts, founded in 2023, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2023. The organization ran a surplus of $111K, a strong 45% operating margin.

Mission

The Frank Liu Jr. Academy for Music & Arts (FLAMA) aims to create a music and art focused school for the youth of Houston. FLAMA's vision rests on six pillars: technical fluency, creative expression, academic rigor, music & art education, nourishment, and family/community.

Program Service Accomplishments

Program 1
Expenses: $120,109 Revenue: $0

FLAMA aims to be a Pre-K through 8th grade open-enrollment charter school. We plan to open in the Fall of 2025 for Pre-K through 1st grade and grow a grade each year thereafter. The primary areas...

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FLAMA aims to be a Pre-K through 8th grade open-enrollment charter school. We plan to open in the Fall of 2025 for Pre-K through 1st grade and grow a grade each year thereafter. The primary areas served will be Houston's 2nd, 3rd, and 5th Wards. FLAMA is in the process of obtaining an open-enrollment charter from the State of Texas under the Generation 29 and Generation 30 TEA charter application cycles.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,109
Other Expenses $138,610
TOTAL EXPENSES $138,610

Year-over-Year Comparison

2023 2022 Change
Revenue $250,000 N/A N/A
Expenses $138,610 N/A N/A
Net Income $111,390 $0 N/A
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Blanco Chair 3.00
Officer Director
$0 $0 $0
Andrea Hauge Secretary 10.00
Officer Director
$0 $0 $0
Eddie Cumbo III Director 3.00
Director
$0 $0 $0
Andrew Davis Director 3.00
Director
$0 $0 $0
Jorge Garza Director 3.00
Director
$0 $0 $0
Matthew Loden Director 3.00
Director
$0 $0 $0
James McSwain Director 3.00
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 $250,000 $138,610 $301,556 $111,390
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