Petras Arts Inc

Nonprofit profile at a glance

EIN
264128859
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Richmond, UT, USA
Phone
8016807534
Rating confidence
Limited
Sector
Performing Arts Schools

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • Ruthanne Christensen (Chair)
  • Tony Wegener (Board Member)
  • Harold Oaks (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Private International Education for the Arts K thru 12. Grades K - 5 are local and within a bussing system. Grades 6 - 12 are domestic and international.

What it reported doing in 2024

2024 - 2025 has been an extremely productive year despite the lack of funding. The anticipated property for building under-went changes and was no longer available to Petras Arts, Inc necessitating a relocation to another part of the state where the required acreage could be found. Internally, the year has been spent refining the minutia of executive, faculty, staff, and operations finding answers and solutions to the multiplicity of details that inevitable emerge once a project hits the ground running. It has been an amazing year of exploration and resolution. To date, this project has been entirely self funded by the Founder as will remian so until the project is fully funded advancing into bricks and mortar.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 55
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: -47% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.