CALIFORNIA STATE SUMMER SCHOOL ARTS FOUNDATION (EIN 954111128) - 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

1986

Legal Domicile

Principal Officer

MICHAEL CANNONE

Phone

2134689905

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA STATE SUMMER SCHOOL ARTS FOUNDATION, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $877K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE CALIFORNIA STATE SUMMER SCHOOL ARTS FOUNDATION (CSSSAF) SUPPORTS THE STUDENTS OF THE CALIFORNIA STATE SUMMER SCHOOL FOR THE ARTS (CSSSA) FROM PRE-APPLICATION THROUGH COLLEGE AND BEYOND.

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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 $617,181

Program Service Revenue $0

Investment Income $259,461

Other Revenue $0

TOTAL REVENUE $876,642

Expense Breakdown

Grants Paid $569,198

Salaries & Benefits $360,153

Fundraising Expenses $91,645

Program Expenses $994,186

Other Expenses $398,118

TOTAL EXPENSES $1,327,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$876,642	$1,060,170	-0.2%
Expenses	$1,327,469	$1,256,492	+0.1%
Net Income	$-450,827	$-196,322	+1.3%

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

$129,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA MILLER CASEY	CHAIR	2.00	Officer Director	$0	$0	$0
MIKE CANNONE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELLY BUCK	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN DOLGEN	DIRECTOR	1.00	Director	$0	$0	$0
WENDY GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARK MORIKAWA	DIRECTOR	1.00	Director	$0	$0	$0
NANCY RAE STONE	DIRECTOR	1.00	Director	$0	$0	$0
ALEX HIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
TERI SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI KERSHAW	DIRECTOR	1.00	Director	$0	$0	$0
JANICE POBER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MCWILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA HORNER	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$129,500	$0	$129,500

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	$876,642	$1,327,469	$6,009,437	$-450,827
2024	$1,060,170	$1,256,492	$6,530,996	$-196,322
2023	$1,689,069	$1,056,981	$6,479,351	$632,088
2022	$671,691	$1,000,909	$5,301,527	$-329,218
2021	$738,821	$488,765	$5,966,396	$250,056
2020	$1,016,623	$1,151,171	$5,337,384	$-134,548
2019	$616,792	$1,215,818	$5,437,261	$-599,026
2018	$916,785	$1,060,547	$4,926,773	$-143,762

CALIFORNIA STATE SUMMER SCHOOL ARTS FOUNDATION