NEVADA SCHOOL OF THE ARTS (EIN 942428993) - 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

1977

Legal Domicile

Principal Officer

JUDAH ZAKALIK

Phone

7023842787

Tax Period

2023-09-01 to 2024-08-31

NEVADA SCHOOL OF THE ARTS, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 386% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 69% operating margin.

Mission

OUR MISSION IS TO PROVIDE HIGH QUALITY ARTS EDUCATION, ACCESSIBLE TO ALL.

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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 $1,889,200

Program Service Revenue $413,907

Investment Income $35,084

Other Revenue $-25,265

TOTAL REVENUE $2,312,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,003

Fundraising Expenses $0

Program Expenses $565,802

Other Expenses $367,232

TOTAL EXPENSES $723,235

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,312,926	$476,120	+3.9%
Expenses	$723,235	$755,147	0.0%
Net Income	$1,589,691	$-279,027	-6.7%

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

N/A

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

$124,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DE ANN LETOURNEAU	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JEFF BREEDEN	TREASURER	1.00	Director	$0	$0	$0
BENJAMIN BURNS	SECRETARY	1.00	Director	$0	$0	$0
JUDAH ZAKALIK	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JOSEPH GANLEY	TRUSTEE	1.00	Director	$0	$0	$0
JAY BLOOM	TRUSTEE	1.00	Director	$0	$0	$0
KARI HALKYARD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CAPRIO	TRUSTEE	1.00	Director	$0	$0	$0
GLENN ALAI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DOTO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TAPPER-CRUTCHLEY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E SEIFF MD	TRUSTEE	1.00	Director	$0	$0	$0
KIM COOPER	TRUSTEE	1.00	Director	$0	$0	$0
RAJA RAHMAN	PRESIDENT/CEO	40.00	Officer	$99,000	$25,663	$124,663

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	$2,312,926	$723,235	$1,719,250	$1,589,691
2023	$476,120	$755,147	$150,701	$-279,027
2022	$793,614	$772,794	$437,970	$20,820
2021	$1,036,583	$894,008	$331,087	$142,575
2020	$962,486	$1,082,156	$264,685	$-119,670
2019	$1,029,637	$995,087	$55,688	$34,550
2018	$690,652	$782,226	$52,432	$-91,574

NEVADA SCHOOL OF THE ARTS