WASHINGTON ACADEMY (EIN 010229448) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1792

Legal Domicile

Principal Officer

MICHAEL HENNESSEY

Phone

2072558301

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON ACADEMY, founded in 1792, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

WASHINGTON ACADEMY IGNITES PASSION FOR LEARNING THROUGH DYNAMIC PROGRAMS THAT EMPHASIZE INTELLECTUAL CURIOSITY, INNOVATION, AND COMMUNITY ENGAGEMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $321,386

Program Service Revenue $5,158,003

Investment Income $353,322

Other Revenue $23,939

TOTAL REVENUE $5,856,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,313,534

Fundraising Expenses $323,008

Program Expenses $3,588,099

Other Expenses $2,263,961

TOTAL EXPENSES $6,577,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,856,650	$6,481,799	-0.1%
Expenses	$6,577,495	$6,512,777	+0.0%
Net Income	$-720,845	$-30,978	+22.3%

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

140

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
JUDSON MCBRINE	HEAD OF SCHO	40.00	Highest	$177,016	$22,318	$199,334
TARA BARTKO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICHAEL HENNESSEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY LOOK	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN MACFARLAND-HELTON	TRUSTEE	2.00	Director	$0	$0	$0
DENNIS MAHAR	TRUSTEE	2.00	Director	$0	$0	$0
DEAN MCGUIRE	TRUSTEE	2.00	Director	$0	$0	$0
CARLOS MONTERO MORENO	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH NEPTUNE	SECRETARY	2.00	Officer Director	$0	$0	$0
SUZANNE PLAISTED	TRUSTEE	2.00	Director	$0	$0	$0
IAN PRATT	TREASURER	2.00	Officer Director	$0	$0	$0
DARREN PROUT	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN SHI	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL TODD SMITH	TRUSTEE	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	$5,856,650	$6,577,495	$13,586,036	$-720,845
2023	$6,481,799	$6,512,777	$14,202,739	$-30,978
2022	$6,354,739	$5,580,723	$14,309,458	$774,016
2021	$6,085,291	$5,828,680	$15,214,453	$256,611
2020	$6,623,681	$6,147,779	$14,174,459	$475,902
2019	$6,373,604	$6,245,185	$14,988,541	$128,419

WASHINGTON ACADEMY