Friends of Volcano School of Arts … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

Ian Cole

Tax Period

2022-07-01 to 2023-06-30

Friends of Volcano School of Arts & Scie, founded in 2000, is a small nonprofit in the Education sector that reported $122K in total revenue in fiscal year 2022. Revenue surged 219% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 28% operating margin.

Mission

Provide Facilities and Equipment for the Volcano School of Arts and Sciences

Program Service Accomplishments

Program 1

Expenses: $72,243 Revenue: $75,518

Provide facilities, equipment, and general support for the Volcano School of Arts and Sciences

Program 2

Construction of New Campus Infrastructure and Facilities All direct costs capitalized as construction in progress. Only administrative costs are expensed.

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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 (2022)

Revenue Breakdown

Contributions & Grants $46,214

Program Service Revenue $75,518

Investment Income $164

Other Revenue $0

TOTAL REVENUE $121,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,243

Other Expenses $87,763

TOTAL EXPENSES $87,763

Year-over-Year Comparison

	2022	2021	Change
Revenue	$121,896	$38,265	+2.2%
Expenses	$87,763	$69,715	+0.3%
Net Income	$34,133	$-31,450	-2.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ian Cole	President	8.00	Director	$0	$0	$0
Mara Saltzman	Secretary	3.00	Director	$0	$0	$0
David Goodman	Treasurer	2.00	Director	$0	$0	$0
Jeffrey Mermel	Vice President	2.00	Director	$0	$0	$0
Lorna Larsen-Jeyte	Director	2.00	Director	$0	$0	$0
Melissa Fletcher	Director	2.00	Director	$0	$0	$0
Aubrey Hawk	Director	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$121,896	$87,763	$3,333,482	$34,133
2022	$38,265	$69,715	$2,508,359	$-31,450
2021	$525,529	$46,742	$1,824,793	$478,787
2020	$95,478	$45,459	$1,336,378	$50,019
2019	$28,876	$65,137	$1,167,096	$-36,261

Friends of Volcano School of Arts & Scie